The Reserve Bank of Australia (RBA) is looking to upgrade its Internet-based desktop banking application which currently supports critical Australian Government transaction payments.
RBA - News, Features, and Slideshows
The minutes from the latest Reserve Bank board meeting paint an overall positive picture for the economy. There are further signs of stabilisation in the world economy. The Gross Domestic Product (GDP) outcome for the March quarter had been surprisingly strong and even though business sector investment had fallen by six per cent in the March quarter, this was still a stronger performance than in many other countries, according to the minutes.
The Reserve Bank of Australia is set to meet with online auction house eBay Australia and its subsidiary PayPal in the next 30 days to discuss the removal of eBay rules that favour the use of PayPal as a payment option on the site.