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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

Gordie Howe International Bridge Set to Open, Boosting U.S.-Canada Trade Links

The long-awaited Gordie Howe International Bridge connecting Detroit, Michigan, and Windsor, Ontario, is expected to open within weeks, marking a major milestone for cross-border trade and transportation between the United...

South Korea Q1 GDP Growth Revised Higher as AI-Driven Exports Boost Economic Outlook

South Koreas economy grew faster than previously estimated in the first quarter of 2026, according to revised figures released by the Bank of Korea on Tuesday. The updated data highlights the countrys strong export...

China Trade Surplus Surges in May 2026 as Exports and AI-Driven Imports Accelerate

Chinas trade surplus expanded more than expected in May 2026, supported by strong export growth and rising imports linked to the countrys growing semiconductor and artificial intelligence sectors. According to customs data...

Asian Currencies Gain as U.S. Dollar Softens Ahead of Key Inflation Data in 2026

Asian currencies traded mostly higher on Tuesday as the U.S. dollar retreated from a two-month high, with investors closely monitoring the fragile ceasefire between Israel and Iran and preparing for crucial U.S. inflation...

Asian Stocks Rebound as AI and Chip Shares Recover; Easing Iran Tensions Boost Sentiment

Asian stock markets moved higher on Tuesday, supported by a strong rebound in semiconductor and artificial intelligence-related shares after heavy losses in previous sessions. Investor sentiment also improved as...

Politics

Alaska Senate Candidate Named Dan Sullivan Faces Investigation Over Alleged Voter Confusion Scheme

Alaska election officials have launched an investigation into a U.S. Senate candidate who shares the same name as Republican incumbent Senator Dan Sullivan, amid allegations that his candidacy was designed to confuse...

Trump Administration Defends Anthropic AI Restrictions in Ongoing Federal Lawsuit

The Trump administration has defended its decision to restrict the use of Anthropics artificial intelligence products, arguing in a new court filing that the federal government acted lawfully after the AI company resisted...

Iran and Israel Halt Attacks After Trump Appeal as Regional Tensions Remain High

Iran and Israel announced they had suspended direct attacks against each other following an appeal from U.S. President Donald Trump, easing fears of a wider Middle East conflict. However, Tehran warned that military action...

Taiwan Simulates Repelling Chinese Invasion in Major Coastal Live-Fire Exercise

Taiwans military conducted a large-scale live-fire coastal defense exercise on Tuesday, simulating the destruction of an invading Chinese force during an amphibious assault. The drill, held along Taiwans west coast facing...

Trump Claims Iran War Victory Near as Oil Prices Expected to Drop

U.S. President Donald Trump stated on Monday evening that the United States is nearing victory in its conflict with Iran, adding that global oil prices could decline significantly once the war comes to an end. During a...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

OpenAI Files Confidential IPO Draft as AI Giants Race Toward Public Markets

OpenAI has confidentially submitted a draft S-1 registration statement to the U.S. Securities and Exchange Commission (SEC), taking a major step toward a potential initial public offering (IPO). The move positions the...

Apple Unveils Enhanced Apple Intelligence and Next-Generation Siri at WWDC 2026

Apple has introduced the latest version of its Apple Intelligence platform at the Worldwide Developers Conference (WWDC) 2026, signaling a stronger push into the rapidly evolving artificial intelligence market. The...

Qualcomm Stock Gains After Jensen Huang Endorsement

Qualcomm (NASDAQ: QCOM) shares moved higher in after-hours trading on Monday, rising approximately 2% after NVIDIA (NASDAQ: NVDA) CEO Jensen Huang publicly praised the semiconductor company and encouraged investors to...

Naver Stock Jumps on NVIDIA Partnership to Build South Korea’s AI Infrastructure

Naver Corp. (KS:035420) shares surged on Monday after the South Korean technology giant announced a major artificial intelligence partnership with NVIDIA Corporation (NASDAQ: NVDA). The news fueled strong investor...

Nvidia Expands South Korea AI Partnerships to Strengthen Data Center and Memory Chip Supply

Nvidia has announced a series of strategic partnerships with leading South Korean technology companies as the AI chip giant seeks to strengthen its supply chain and accelerate the growth of its artificial intelligence...
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