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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

Bank of Canada Holds Interest Rate at 2.25% Amid Trade and Global Uncertainty

The Bank of Canada (BoC) on Wednesday kept its benchmark policy interest rate unchanged at 2.25%, a move that was widely anticipated by economists and financial markets. Governor Tiff Macklem emphasized that heightened...

MAS Holds Monetary Policy Steady as Strong Growth Raises Inflation Risks

The Monetary Authority of Singapore (MAS) has kept its monetary policy settings unchanged, in line with market expectations, while cautioning that robust economic growth could fuel inflationary pressures in the months...

India's 2025 Trade Push: Major FTAs & Global Partnerships Secured

Indias 2025 trade drive: Large FTAs international cooperation negotiated Signing many high-impact free trade and comprehensive economic cooperation pacts in 2025, India sped its trade diplomacy and showed a strategic...

Asian Currencies Slip as Dollar Rebounds Ahead of Fed Rate Decision

Most Asian currencies edged lower on Wednesday as the U.S. dollar rebounded from a near four-year low, with global markets focused on the Federal Reserves highly anticipated interest rate decision. Despite the mild...

China to Boost Brazilian Soybean Imports in Early 2026 Amid Price Advantage

China is set to significantly increase imports of Brazilian soybeans in the first half of 2026 as record harvests and competitive pricing in South America outweigh renewed purchases from the United States. Trade sources...

Politics

Jerome Powell Attends Supreme Court Hearing on Trump Effort to Fire Fed Governor, Calling It Historic

Federal Reserve Chair Jerome Powell revealed on Wednesday that he personally attended last weeks Supreme Court arguments related to President Donald Trumps attempt to remove Federal Reserve Governor Lisa Cook, underscoring...

Trump Weighs Military Options as Iran Tensions Rise

U.S. President Donald Trump is considering a range of military and political options against Iran, including targeted strikes aimed at weakening the countrys security leadership and encouraging renewed protests, according...

Trump Appoints Colin McDonald as Assistant Attorney General for National Fraud Enforcement

President Donald Trump on Wednesday announced the appointment of Colin McDonald to a newly created position at the U.S. Department of Justice, naming him assistant attorney general for national fraud enforcement. The move...

U.S. Returns Seized Oil Tanker to Venezuela in Rare Policy Move

The United States has returned a seized oil tanker to Venezuela in a move that marks the first known instance of such an action under President Donald Trumps administration, according to two U.S. officials who spoke with...

Los Angeles Mayor Says White House Must Reassure Fans Ahead of FIFA World Cup

Los Angeles Mayor Karen Bass has emphasized that while the city will continue to welcome international visitors for the upcoming FIFA World Cup, reassurance must also come directly from the White House to ease global...

Science

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Technology

Microsoft AI Spending Surge Sparks Investor Jitters Despite Solid Azure Growth

Microsoft rattled investors after reporting record artificial intelligence spending alongside slower-than-expected cloud growth, raising concerns about when its massive AI investments will meaningfully pay off. Following...

Advantest Shares Hit Record High on Strong AI-Driven Earnings and Nvidia Demand

Advantest Corp. (TYO:6857) shares surged to a record high on Thursday after the Japanese semiconductor testing equipment maker posted strong fiscal third-quarter earnings and raised its full-year guidance, driven by robust...

Google Disrupts Major Residential Proxy Network IPIDEA

Google has taken decisive action to dismantle one of the worlds largest residential proxy networks, IPIDEA, in a major cybersecurity operation aimed at protecting millions of consumer devices from abuse by cybercriminals...

Meta Faces Lawsuit Over Alleged Approval of AI Chatbots Allowing Sexual Interactions With Minors

Meta CEO Mark Zuckerberg is facing renewed scrutiny after internal company documents revealed he approved policies that allowed minors to access AI chatbot companions, despite warnings from Metas own safety teams. The...

China Approves First Import Batch of Nvidia H200 AI Chips Amid Strategic Shift

China has approved its first batch of Nvidias H200 artificial intelligence chips for import, signaling a notable adjustment in the countrys approach to balancing advanced AI development with support for domestic technology...
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