tyro

Integration is critical for retailers upgrading their point of purchase technology. It's a matter of integrate or die, say the experts...

The Payments System Board dropped a pretty big hint yesterday that regulation of Eftpos interchange fees, and access, may remain in place.

Jost Stollmann came to Australia from Germany in 2004 on a NSW sponsored investor provisional 165 visa. Jost was the founder of CompuNet, Germany's largest systems integration company in the 1990s, and planned to invest in an IT start up company in Sydney.

Medicare is launching an advertising blitz and mailout to seven million cardholders this week, urging them to make electronic claims at the doctor's practice rather than at a Medicare office.

The vast majority of credit and charge card transactions in Australia will be chip authenticated within 3 years, according to the chief executive of the Australian Payments Clearing Association.

The bright sparks at Tyro Payments have spent the most on their endeavour to crack the merchant acquiring market, and also switching, in Australia.

In the largely closed world of banking and payments, three entities found the courage over the 2000s to have a crack at the business of "switching", the careful, efficient and hopefully reliable business of carrying information on debit and credit card payments from one bank to another.

Australian EFT-POS specialist Tyro - formerly known as MoneySwitch - has launched an integrated broadband solution for the duty free operator, Nuance Group.
(www.rustreport.com.au)

The drawn-out struggle between MasterCard and the European Commission over the level of interchange fees on card-based payments in Europe has finally been resolved.

(31 March 2009 - Australia) The RBA has suggested that Australia's current EFTPOS system could be the next system to get an upgrade, whether done willingly by industry participants or regulated by the RBA.

Just a day after Reserve Bank assistant governor Philip Lowe told the banking industry it needed to develop competitive retail payments infrastructure, RBA governor Glenn Stevens has spoken about the "particular challenges" the central bank has faced in promoting competition and efficiency in the payments system.

When the Medicare Easyclaim system was introduced in 2006 it was set a target of handling 60 per cent of payments at doctors' surgeries by June 2008. It got to one per cent.

HCN is soon to introduce updates to its PracSoft practice management solution that will enable their customers to provide integrated Medicare Easyclaim services to their patients.

Following successful use in several locations and good data to support efficiency and other benefits, [Tower is] actively promoting the Tyro integrated broadband based eftpos link with [its] retail management software.