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Formats
Paperback Details
  • 09/2020
  • 9780648882404 0648882446
  • 508 pages
  • $29.95
Hardcover Details
  • 09/2020
  • 9780648882411 0648882411
  • 508 pages
  • $56.95
Ebook Details
  • 09/2020
  • 9780648882428 B08GMC7Y9R
  • 508 pages
  • $18.50
Ebook Details
  • 09/2020
  • 9780648882435
  • 508 pages
  • $17.95
Payments and Banking in Australia

Adult; Business & Personal Finance; (Market)

For the first time in Australian financial history, the world of Australian payments, money, and banking systems is finally revealed, creating a learning tool anyone needing a solid understanding of the Australian financial industry. This book will uncover: -How the Australian payment and banking system is designed and how it works -The assumption that banks will continue to control payments and the flow of money, and challenging that methodology -Chinks in the financial system armour and where opportunities lie within -The technologies and approaches discovered that disrupt and transform the current model Knowledge and understanding you need to make sense of and navigate this critical industry, and how it’s transformation can be utilised in innovative and valuable ways Told as a story, this is an inspiring and captivating treatise on how Australia’s systems work and what lies ahead in our future.
Reviews
Lalchandani’s ambitious survey of Australia’s monetary systems looks back, to indigenous people’s trade in shells and blades long before the continent’s colonization, and forward, to the age of cryptocurrencies and possible decommoditization. In between is a thorough treatise on how Australians have paid for goods and services over centuries. It includes illuminating histories of coins and cash (Australia pioneered the polymer note), banking and lending, credit and debit cards, and monetary management going back to the outlawing of rum as a currency.

Drawing on research as well as his experience helping design payment systems for Australian banks, Lalchandani lays out a clear and coherent history in chapters that are tightly organized despite the sprawling subject matter. He asks, early on, if people today are “slaves” to the payment systems that have evolved with us, but Payments and Banking in Australia is an engaging reference work, rather than a polemic. As the subtitle promises, Lalchandani’s book lays bare how present systems of payment came to be and how they actually work.

To that end, his emphasis is on the systems and processes, both private and government-run, that determine the practicalities of Australian financial lives. Among many other topics, he explains the numbers on banking accounts, the history of banking regulation, and the rise and decline of the ATM. Many parts are fascinating, such as a rundown of Australia’s efforts to limit credit card fees. Throughout, Lalchandani makes helpful moves—exemplified by the detailed table of contents and section headings—to break down this huge subject into discrete, clearly organized chunks. This book will both inform and engage readers.

Takeaway: This rich and thorough history examines how Australians have paid for goods and services over centuries.

Great for fans of: Bill Maurer’s How Would You Like to Pay?: How Technology Is Changing the Future of Money, Jacob Goldstein’s Money: The True Story of a Made-Up Thing.

Production grades
Cover: A-
Design and typography: A
Illustrations: B+
Editing: B+
Marketing copy: A

Formats
Paperback Details
  • 09/2020
  • 9780648882404 0648882446
  • 508 pages
  • $29.95
Hardcover Details
  • 09/2020
  • 9780648882411 0648882411
  • 508 pages
  • $56.95
Ebook Details
  • 09/2020
  • 9780648882428 B08GMC7Y9R
  • 508 pages
  • $18.50
Ebook Details
  • 09/2020
  • 9780648882435
  • 508 pages
  • $17.95

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