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Internet Banking Data Pooling
Press Releases | Media Coverage
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Press Releases
Media Coverage
The following tables summarise selected media coverage flowing from MISC/MINTEL press releases. As reporting of MISC/MINTEL industry research is invariably widespread (
Australian and International), this coverage should be viewed as indicative only. For further details of research referenced below, please click here and specify the research article referenced.
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And The Web Site Is | Hugh Martin, August 2002
"A recent MISC report, which includes data supplied by all of the major banks, found that in the 12 months to the end of March, registrations for internet banking grew by 88% to 5.23 million users." |
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Online banking gaining ground | April 2008
"Small businesses are turning to internet banking for a clutch of useful functions to keep track of their finances, research shows." |
User Shun Net Banks | May 2004
"MISC Figures show growth in registered users fell to under 3% to about 7.9 million customers." |
Internet Banking Trebles | Nathan Scholz, January 2004
"The growth in internet banking to 7.7 million users has outstripped the growth in new internet connections, according to MISC." |
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Small businesses turning to net banking | April 2008
"More than 1.2 million Australian small businesses have taken up internet banking since its inception in 2000, according to independent consultants the Market Intelligence Strategy Centre (MISC)." |
CBA Accused of $2 Billion Error in Funds Valuation | Duncan Hughes, July 2004
"The MISC, which monitors usage, said the breadth of use by existing account holders was also expanding, reflecting growing maturity in computer banking." |
Users Jump the Queue in Online Banking Surge | Eli Greenblat, October 2003
"MISC has reported that after 13 quarters of tracking the usage of online banking, registrations passed the 7 million threshold in June, reaching 7.268 million customers." |
Banks Go With The New Flow | Karin Derkley, August 2003
"Non-users of internet banking reported a small dip in confidence, in a survey by analyst MISC Australia, but confidence increased from 83% to 86% among those who already used online banking."
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Internet Banking Builds Momentum as Cost Soar | Sharon Kemp, April 2003
"Research conducted by the MISC shows six million Australians transfer funds online, and are completing transactions in fewer sessions than before." |
Why Five Million Now Prefer a Mouse to a Person | Garry Barker
"Research by the independent Melbourne-based MISC shows that in the three months to September 30, 2002, more than one million applications for loans, term deposits, credit cards and other banking products were handled by bank's online systems." |
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Bank business portals open to small fry | Fran Foo, 8 April 2008
"According to research by MISC Australia, on behalf of its client banks, small businesses, on average, would pay between $80 and $140 a month for functions such as viewing cheque images, creating special payment streams and tracking user activity.
The extra services could deliver banks an annual windfall of up to $840 million, according to MISC." |
Online Banking surge linked to super flood | Richard Gluyas, 4 October 2007
"Data issued by research firm MISC Australia, on behalf of its client banks, shows online deposit balances surged by 27 per cent from $6.9 billion in the June quarter last year to $8.8 billion. A MISC Australia spokesman said yesterday its research showed the origin and direction of the money flows arising from the superannuation flows. " |
Internet banking at record | Richard Gluyas, 8 October 2007
"Internet banking usage rose to a new record of 31 per cent of all bank customers in the June quarter, according to data compiled by MISC Australia on behalf of its client banks. MISC Australia said that record usage of internet banking, available now for seven years, showed there was a growing acceptance of virtual banking in the community. " |
Online accounts boom as interest rates rise | Richard Gluyas, December 2006
"The number of so-called high interest online savings accounts jumped 25 per cent to 2.4 million in the six months to June, as challenger banks like BankWest and ING Direct continued to make inroads into the customer base of the nation’s more established lenders."
"After its debut in 1999, the segment now comprises 22 per cent of total deposit accounts, according to data released by MISC Australia on behalf of its bank industry pool members. " |
Online Banking Soars, Never Mind Net Frauds | Andrew Dodd, October 2003
"Statistics released by MISC reveal that 7.26 million Australians now bank in cyber space - a 31% increase on the same time last year." |
The Australian Financial Review |
New entrants squeeze bank margins | Sally Patten, December 2006
"A study by research firm MISC International pubished yesterday found the number of online deposit accounts offering interest of more than 5.5 per cent rose by one-quarter, to 2.4 million over the six-month period. According to MISC, most banks now offer one high interest-bearing online savings account." |
Online Banking Growth Moves to a New Phase | Rachel Lebihan, August 2004
"MISC believes the active user growth can be put down to new accounts offered by some of the banks as well as the flow-on from education campaigns conducted by the banks following the recent security scares." |
Internet Banking Triples in Three Years | Joyce Moullakis, January 2004
"According to MISC, there were 7.7 million internet banking users at the end of September 2003, reflecting an annual growth rate of 113%". |
The Public Can't Get Enough of Online Banking | Jemima Whyte, August 2003
"It's a trend that's backed up by MISC findings, which reported a 24% jump in internet banking transfers during the December Quarter. |
Internet Banking Transactions up 15pc | Mandy Bryan, February 2003
"Internet banking transactions grew 15 per cent to 83 million in the September quarter, according to MISC Australian, a bank-sponsored data pooling facility." |
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Major push for online banking | August 2008
"In April this year research company MISC Australia, part of Mintel, predicted the online banking industry would become splintered into customer segments following its research into banking services." |
Online banking set to surge | April 2008
"The research by MISC suggests 2008 will see SMEs shift away from the usual online banking used by individuals to specialised facilities built for their needs, with functions previously only available to large corporates." |
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Growth in online banking | April 2008
"If in one keystroke you can pay a thousand of your employees, or conduct overseas foreign exchange in a very sophisticated way ..., you'd be crazy not to change, the company said. " |
Net Banking Under Siege | May 2004
"Research compiled by MISC said growth in registered users fell to under 3% to just more than 7.9 million customers." |
Money & You Briefcase | February 2004
"MISC reports there are now more online bank accounts than there are internet connections with households having multiple accounts." |
7.7 Million Depositors Click to Cyber-Banking | Nathan Scholz, January 2004
"MISC's figures were collated from data from all banks and represent about 89 per cent of all banking transactions." |
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Net banking takes off | Jordan Chong, April 2008
"MISC, which conducts research on behalf of the banks, says up to half a million small businesses are expected to take up these new products."
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Online mouse that roared | Patrick Lion and Karina Barrymore, August 2006
"According to research from MISC (Market Intelligence Strategy Centre) Australian net users now make more than 225 million transactions online each quarter. The biggest draw card to online banking has been the growth in high interest savings accounts, the research company said."
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More Log on to Net Banking | Bruce Brammall, January 2004
"The number of registered Victorian user has increased 400% in three years, as surveyed by MISC."
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More Now Banking on Net | Bruce Brammall, December 2001
"MISC said the figures tended to show a growing sophistication among users of the internet as a medium for banking." |
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Fast move for online |
December 2006
"High interest online savings accounts have surged in popularity by 25 per cent in six months to top 2.4 million in Australia, faster than traditional deposits."
"The Market Intelligence Strategy Centre said almost all banks now had a high interest online savings account and many were launching small business products on the back of them, such as NAB’s SME Cash Maximiser account."
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The Sydney Morning Herald |
It's a Matter of Regaining Trust in Technology | Beverley Head, March 2004
"According to Melbourne-based firm MISC, there are more than 7.7 million internet banking users in Australia and the rate of uptake is three times greater than the rate of new ISP connections." |
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Small businesses turning to net banking | April 2008
"More than 1.2 million Australian small businesses have taken up internet banking since its inception in 2000, according to independent consultants the Market Intelligence Strategy Centre (MISC).
MISC, which conducts research on behalf of the banks, says up to half a million small businesses are expected to take up these new products, which incorporates features such as payroll, foreign exchange transactions and account monitoring, in the next three years." |
Online Banking Proves Winner | Fran Spencer, January 2004
"MISC reports internet banking registrations hit 7.7 million by September 30, representing a growth rate of 113% a year since the group first began to track usage in 2000."
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Most Trust Internet Banking Transfers | Ruth Williams, April 2003
"Research by the MISC claims phone and electricity companies are the most advanced and have won over more clients to the cheaper payment methods."
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Cover Story: Quick Internet Banking Facts | February 2003
"Australian research firm MISC reported in April 2002 that there has been strong growth in the number of regular online banking users as well as in the number of online accounts." |
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Online banking offers interest for new buyers | Jim Dickens, December 2006
"Analysis by MISC Australia, sister consulting group to Mintel Aust found Internet deposit accounts were growing significantly faster than traditional bank accounts as consumers embraced better interest rates offered online. "
"MISC's research comes from its banking data pooling facility, which includes information supplied by major deposit-taking institutions."
"MISC considers that this substantial online acceptance of an investment product is a precursor of a new generation of Internet banking product developments that will ensure that Internet banking continues to grow, " the analysis said."
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Internet saving surges ahead | Alex Tilbury, December 2006
"The Market Intelligence Strategy Centre (MISC) said almost all banks now had a high interest online savings account, and many were launching small business products on the back of them, like NAB's SME Cash Maximiser account . A spokesman for MISC said this survey provided banks the proof that now other financial products, besides deposit accounts, could be successfully promoted in cyberspace. There is a lot of money lying around in bank savings accounts but this shows you that a lot of Australians have woken up" he said. "
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