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Steve Worthington

Steve Worthington

Steve Worthington is an Adjunct Professor at Swinburne University. He was previously Professor of Marketing at Monash University's Department of Marketing from 2002 to 2013, prior to which he worked at several universities in the United Kingdom and in executive roles at a UK bank and UK supermarket group. At Monash, Steve taught Strategic Marketing in the MBA program and Relationship Marketing and Marketing Financial Services in the Master of Marketing program.

His research interests are focused on the distribution of financial services, particularly through the channel of payment cards. These topics are of interest to both academics and practitioners. His paper Banking without the Bank, International Journal of Bank Marketing was ranked 12th highest downloaded article in 2012 (was 2nd most downloaded in 2011) and remains the 4th highest in terms of immediacy. This focused on the opportunities and challenges facing new entrants into the financial services market, particularly from brands such as Tesco Bank and Virgin Money. Steve is a member of the Financial Services Institute of Australasia and of the Academic Standards Board of the International Academy of Retail Banking. He is also an associate of the Australian Centre for Financial Studies (ACFS) for whom he wrote a paper entitled, Regulatory Interventions and their Consequences in the Australian Payment Card System, which was published in October 2013.

The ATM celebrates 50 years but we're using it less

Jun 27, 2017 03:04 am UTC| Insights & Views Technology

As the Automatic Teller Machine (ATM) celebrates its 50th birthday, its actually being used less and less to withdraw cash in Australia. There are currently more than 32,000 ATMs across Australia and cash withdrawals in...

Apple Pay may have won the battle but it may not win the war

Apr 06, 2017 07:33 am UTC| Insights & Views Law Technology

The Australian Competition and Consumer Commissions (ACCC) decision to deny some of Australias major banks the ability to collectively bargain with Apple and boycott Apple Pay, might have opened a whole new door for...

Apple Pay dispute may mean less opportunity to pay with your mobile

Oct 19, 2016 07:05 am UTC| Technology Life

As people increasingly reach for their phone to pay for goods in Australia, existing players in the contactless payment industry are trying to seek competitive advantage. Four of Australias leading banks are trying to...

Australian small businesses could be stretched by changes to commercial credit cards

Sep 02, 2016 06:41 am UTC| Insights & Views Business Central Banks

Small to medium enterprises (SME) are increasingly relying on commercial credit cards to finance their operations, because payment terms for the businesses they supply are stretching out. But if the Reserve Bank of...

Mobile payments and tap and go might not mean the end for tellers

Aug 03, 2016 06:03 am UTC| Insights & Views Technology

Consumers are drawing out less cash and using other methods to pay for things such as contactless payments, but this doesnt necessarily signal the end of bank tellers or their automated counterparts. There is...

Apple Pay no sure thing in mobile payments race

May 02, 2016 01:19 am UTC| Insights & Views Technology

When tech giant Apple announced its second quarter earnings of A$14 billion last week, it gave a limited glimpse into its mobile payments service Apple Pay. The service is gaining one million users per week, but not...

Negative Rates Series

Negative interest rates – are there any positives?

Mar 28, 2016 01:27 am UTC| Insights & Views Central Banks

Some say that economics is the dismal science and perhaps this is because many economic theories do not seem to work in practice. One contemporary example is negative interest rates, where instead of interest being added...

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Economy

Global Geopolitical Series: U.S. Commerce department initiates AD/CVD investigation on imports of Rubber Bands from China, Sri Lanka and Thailand

Last night, the U.S. Commerce Department announced the initiation of an investigation into imports of Rubber Bands from China, Sri Lanka, and Thailand. The investigations were initiated based on a petition filed by...

New Zealand Q4 retail sales rise above market expectations; consumption growth to moderate as households rebuild saving

New Zealands retail sales volumes were stronger than expected in Q4, with retail discounting, especially across big-ticket items continuing to have a key influence. Retail sales volumes rose solidly (beating market...

New Zealand bonds gain at close despite higher-than-expected Q4 retail sales

New Zealand government bonds gained at the time of closing Friday after the countrys retail sales for the fourth quarter of this year came in higher than market expectations. Further, dairy product prices also declined at...

JGBs edge higher on BoJ’s daily market operation; firm U.S. Treasuries support

Japanese government bonds gainedon Fridayafter the Bank of Japan (BoJ) conducted a regular open market operation. Also, the firmness in the U.S. Treasuries supported the bond prices. The yield on the benchmark 10-year...

Australian bonds jump tracking U.S. Treasuries, offsets prior anxiety post Fed’s meeting minutes

Australian bonds jumped during early Asian session on the last trading day of the week, tracking similar movement in the U.S. Treasuries, offsetting prior anxiety raised that came after Federal Reserve minutes signaled...

Politics

Hunger in the lucky country – charities step in where government fails

The non-profit organisation Foodbank released its report Fighting Hunger in Australia this month. Like earlier research it reported that around 15% of Australians experienced food insecurity an extraordinary figure...

For black celebrities like Oprah, it's impossible to be apolitical

Oprah Winfreys rousing Golden Globe speech has many speculating whether the media mogul will become a presidential candidate in 2020, with some pundits questioning the merits of another celebrity president. But to...

Politicians are inflating the evidence used to justify tax increases

Chris Doucouliagos, Professor of Economics, Department of Economics, Deakin Business School and Alfred Deakin Institute for Citizenship and Globalisation, Deakin University Many government policies are flawed because...

GOP tax plan doubles down on policies that are crushing the middle class

The U.S. middle class has always had a special mystique. It is the heart of the American dream. A decent income and home, doing better than ones parents, and retiring in comfort are all hallmarks of a middle-class...

What does Ramaphosa's victory mean for South Africa's economy?

A great deal is expected from Cyril Ramaphosa who was elected as the president of South Africas governing party, the African National Congress (ANC). This positions him to become the countrys president in 2019. Sibonelo...

Science

UBI Helps People Be More Productive And Work More, Study Claims

The topic of universal basic income (UBI) has been a hot-button issue among economists, financial experts, legislators, and tech industry giants for years. Some say that it will increase productivity while others claim the...

Startup Raises $250M To Use Placenta To Extend Life And Cure Cancer

Companies have been trying to unlock the secrets to regenerative medicine for years and one startup just raised $250 million by intending to use human placenta to do so. The company believes that using the disposable...

Perfumes, Cologne And Other Chemicals Contribute To Air Pollution As Much As Cars

Environmentalists often blame cars for being the biggest contributors to air pollution thanks to the smog coming out of them. However, recent data shows that aerosol chemicals are also huge contributors to making the...

Potential Tests For Autism Using Blood And Urine Developed

Autism remains one of the biggest mysteries in the medical industry right now, with the root cause still being unidentified. Whats worse is that early detection of the illness has been rather unreliable. This may soon...

Ozone Layer Update; Not Recovering As Expected For Unknown Reasons

In the late 90s, the issue regarding the hole in the ozone layer was big in the public consciousness, but it quickly faded in light of a new gigantic threat in the form of climate change. In recent years, scientists have...

Technology

Google Sued By Former Employee Who Was Fired For Supposedly Criticizing Anti-Diversity Memo

As it turns out, Google really is a big believer in fair treatment of employees. Last year, it fired engineer James Damore for sending out a memo suggesting that perhaps diversity is not the way to go, at least in its...

UN Chief Wants A Geneva Convention For Cyber Warfare

Over the decades, member countries of the UN have agreed to certain stipulations related to the matter of war. Basically, certain practices are to be banned and there are rules to be observed, particularly with regards to...

More Signs Of Spotify’s Hardware Ambitions Crop Up

While Spotify did build its business as a software entity, signs that it plans on selling hardware have become more and more apparent. Now, several job descriptions posted by the company are adding a tank of fuel on this...

Doom Gets Motion Control On The Switch, Follows Splatoon Formula

Motion controls have always been a tricky subject in the video game industry. So far, Nintendo has been the reigning king in this arena, what with its excellent Wii hardware. With the Switch, the company has taken things...

Amazon Uses Cashback To Increase Whole Foods Shopping By Prime Members

When it was announced that Amazon was buying Whole Foods, many wondered what changes the merchant giant would implement. As it turns out, not that much, at least for now. One of Amazons more major moves with regards to the...
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February 24 01:30 UTC Released

CNChina House Prices YY

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5 %

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