tyro

The credit card market has been marked by a lot of change in recent times. Competition at the low-rate end of the market, once a neglected area, has been intense. At the same time airlines, telcos and some shopkeepers are more likely to apply a surcharge for purchases made by card.

Tyro Payments has just completed a round of capital raising from external investors and is currently engaged in another round of capital raising from directors and senior staff.

HCN (Health Communication Network Limited) and Tyro are due to release the only integrated EFTPOS solution on the market - this will be a standard feature in the 1 Dec 2007 PracSoft update, with Blue Chip to follow early in 2008.

Tyro is a start-up transaction processing business that has built a switch which utilises broadband internet technology (rather than telephone lines). 

Tyro Payments responds to the Reserve Bank of Australia's invitation for submissions on the Review of Card Payment Systems Reform seeking views on how to best promote competition and efficiency.

As the first new entrant into the EFTPOS business in 10 years, Tyro wants to give the Australian banking industry a jab in one of its most vulnerable areas - the merchant payments system.

Now it is all about getting known and building scale. An update from Jost Stollman, CEO of Tyro Payments, regarding the Tyro vision to bring innovation and competitiveness to the Australian EFTPOS and electronic payment market.

Announced by Prime Minister John Howard on 13 August 2006, Medicare Easyclaim is a new patient payment system developed by Medicare Australia for Specialist and General Practice.

TIO has today announced a strategic partnership with merchant EFTPOS terminal provider Tyro Payments to better service small businesses in the Territory.

GPs face a larger burden than first thought if they take up government's new payment system.

Medicare's EFTPOS claiming system should deliver rebates faster, but is it worth the effort?

Atos Worldline (formerly Banksys) announces partnership with Australian acquirer Tyro Payments

Tyro Payments, the Australian provider of credit, debit and EFTPOS acquiring services, is rolling out the XENTA countertop and XENTISSIMO portable payment solutions. Tyro deploys terminals to Australian merchants as part of their Internet end-to-end credit- and debit-card acquiring platform.

Tyro Payments has lost two of its long-term board members, including founder Paul Wood, in a dispute over the direction of the company.

There will be no losers with the latest online claims system, says the AMA, but others are not so sure. Everyone will be a winner with the Federal Government's latest version of online claiming - that's the AMA's assessment of Medicare Easyclaim

Many small and medium sized businesses are wasting money on merchant fees.

Commonwealth Bank will be first to market its Medicare rebate application for health service providers when it launches a product dubbed MediClear by the bank in the next two weeks.

GPs using PracSoft software will have access to an integrated electronic claiming system under the new Medicare Easyclaim system. Practice managers and GPs had feared the new system would not be integrated with practice management software, meaning they would have to key in consultation information twice.
Three financial institutions - NAB, the Commonwealth Bank and Tyro (formerly MoneySwitch) – have signed up to provide the Easyclaim system, which uses the EFTPOS network to allow privately billed patients to receive their Medicare rebate instantly.

A specialised banking institution has launched eftpos services to Australian merchants, promising better, faster and more secure payments.

HCN is pleased to announce that we have formed a partnership with Tyro to launch the only Medicare “Easyclaim” solution, integrated with Practice Management Software, on the market. The solution also includes integrated EFTPOS.

Start up EFTPOS payments company MoneySwitch is entering a new commercial era equipped with a new moniker.

Tyro, formerly MoneySwitch, is currently engaged in a new round of capital raising to be completed by the end of this financial year and is contemplating further capital raisings later.

Payments company MoneySwitch has launched EFTPOS services to Australian merchants trading under its new name Tyro.

Tyro stands for the build-up of a specialised banking institution providing merchants with Australia’s first credit and debit acceptance system that is truly transparent; offering merchants and consumers a better, faster and more secure payment experience. Toyota Financial Services (TFS) and Tyro have signed a partner service agreement for the marketing and deployment of Tyro’s state-of-the-art acquiring solution and subsequent card programs into the network of Toyota affiliated motor dealers. Health Communication Network (HCN) and Tyro have entered into a development and marketing agreement regarding an integrated Medicare e-Claiming solution.

MoneySwitch said its system would be integrated with "leading practice management software" - although it refused to name which one. The company said all practices using the software would receive a MoneySwitch terminal that could be used for e-claiming and EFTPOS.