tyro

The Australian Prudential Regulation Authority has eased the tier one capital requirements for Tyro. "We are treated by APRA now like any other deposit taking institution."

The outlook for new electronic transaction services company, Tyro, is positive. Major shareholder and CEO Jost Stollmann said that the company aims to break even soon. He said that it will probably have an initial public offering eventually. Several experienced financial services figures have invested in the company and joined its board.

Hackers checked into hotel networks more than any other in 2009, and all organizations hit by attacks didn't discover breaches for an average of 156 days, according to a new report based on real-world attacks worldwide. And not surprisingly, a whopping 98 percent of targeted data was payment card information.

Around the world pressure is building for some confrontation with Visa and MasterCard to redress the growing exploitation of their market power against retailers and card users – globally the unfair take is running at some $30 billion+ annually. 

Driven by data breaches and PCI DSS costs, the price of data security will continue to rise. Merchants bear 10 times the cost of fraudulent transactions than is borne by the banks.