Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Australia's ME Bank live with GFG Group's Cadencie

Australia's ME Bank live with GFG Group's Cadencie

Australia's award-winning ME Bank has gone live with the latest version of New Zealand-headquartered GFG Group's Cadencie card management software. ME Bank will leverage Cadencie's Java platform to speed the implementation of new card and payment products for customers.

ME Bank is the only bank in Australia which is 100 percent owned by Australia's industry super funds. ME Bank's philosophy has been to deliver exceptional customer service, a no-nonsense approach to borrowing and products that are simple, fair and transparent - all with low fees, low interest rates and higher returns built in for industry super fund and union members

"The deployment of the Cadencie Cards platform to support ME Bank's new EveryDay Transaction Account (ETA) was achieved successfully by teams from ME Bank and GFG Group, says Shane Kuret, ME Bank's General Manager IT. "Cadencie will allow ME Bank to deploy new products faster to market and enhance the features available in existing products, and deliver on our goal of giving our customers better services and better value banking."

GFG Group's Executive Director, Dennis Row, says the Cadencie upgrade continues an eight-year partnership between GFG Group and ME Bank.

"Cadencie supports the rapid introduction of innovative services, which is critical in the highly competitive Australian market," Row says. "The new GFG Cadencie system is based on Java technology and will allow ME Bank to launch new payment products faster and benefit from operational cost savings compared to competing card payment software platforms."

As a first step, ME Bank is using Cadencie to launch its new flagship product EveryDay Transaction Account, designed to satisfy growing demand for simple, low cost and fair banking products. The EveryDay Transaction Account with Debit MasterCardR supports PayPass, the MasterCard contactless card that allows users to simply wave their card at a reader to purchase goods for a value below $100. It paves the way to Near Field Communication (NFC), a technology allowing customers to store and emulate their credit or debit card on their mobile handsets.

ME Bank is planning the launch of multiple new cards in the coming months for both its personal and corporate customers. This speed to market reflects the modularity and scalability of the Cadencie platform.

ME Bank and the National Breast Cancer Foundation have also partnered to produce the limited PINK Debit MasterCardR. In an Australian first, customers will help fund research into breast cancer prevention and cure every time they make a purchase with their PINK Debit MasterCardR. For more information, please consult the ME Bank website on


© Scoop Media

Business Headlines | Sci-Tech Headlines


Energy: New Zealand Could Be World’s First Large-scale Producer Of Green Hydrogen

Contact Energy and Meridian Energy are seeking registrations of interest to develop the world’s largest green hydrogen plant. The plant has the potential to earn hundreds of millions in export revenue and help decarbonise economies both here and overseas... More>>

MBIE: 36th America’s Cup Post-event Reports Released

Post-event reporting on the 36th America’s Cup (AC36) has been released today. The reports cover the delivery of the event by Crown, Council and America’s Cup Event Limited, economic impacts for Auckland and New Zealand, and delivery of critical infrastructure... More>>

Fonterra: Farmer Feedback Set To Shape Revised Capital Structure Proposal

With the first phase of Fonterra’s capital structure consultation now complete, the Co-op is drawing up a revised proposal that aims to reflect farmers’ views. A number of changes are being considered to the preferred option initially put forward in the Consultation Booklet in May... More>>

Statistics: Household Saving Falls In The March 2021 Quarter

Saving by New Zealanders in the March 2021 quarter fell to its lowest level in two years after rising sharply in 2020, Stats NZ said today. Increases in household spending outpaced income growth, leading to a decline in household saving from the elevated levels that prevailed throughout 2020... More>>