tyro

The $200 billion credit card market is set for its biggest shake-up since the Reserve Bank of Australia forced through key fee reforms six years ago as a wave of new cards are launched, existing ones revamped and issuers drive customers towards premium and corporate offerings to increase revenue.

Traditional banks are spending billions to upgrade decades-old core technology systems and electronic payments start-ups are nipping at their heels. The Scoop podcast looks at the future of payments and banking in the digital economy.

Jost Stollmann likes sailing close to the wind, but just now there's a fresh breeze blowing right in his face.

Surcharging may be becoming more common on credit card payments, data published by East & Partners suggests.

Coca-Cola Amatil (CCA) is rolling out new cashless payment technology to vending machines in Australia.

Frustration is rising over the roll-out of Medicare's Easyclaim system...The advent of the "push-button society" was supposed to make life easy.

The search for trans-Tasman success stories leads to ....Tyro.

Invitations may be extended by the end of 2008 to join the new scheme that banks plan to establish to provide a new framework for the operation of Eftpos.

The Reserve Bank of Australia this morning published the public responses to the Preliminary Conclusions of its 2007/08 Review of the Reform of Australia's Payments System.

Coca-Cola Amatil (CCA), in partnership with Vending Management Services Limited (VMSL), is pleased to announce the upcoming pilot of their Cashless Payment System and Cashless Reconciliation Engine (CRE) for Coke Vending.

Credit card companies have begun fining local retailers who do not comply with the Payment Card Industry's data security standard, an industry expert says.

Human Services Minister Joe Ludwig has ruled out adding a photograph to the government's Medicare card but left the door open to the possibility of adding a smartcard chip to it in the future.

After several months of trialling the Tyro EFTPOS system at locations in Forbes & Bathurst, CountryPharm CEO, Michael Flannery, is pleased to announce that Tyro has been chosen as the preferred EFTPOS partner for the CountryPharm Group.

The Australian Government will assist people to claim Medicare benefits quickly and easily by investing $8.6 million over four years towards streamlining electronic claiming processes.

The government will provide $8.6 million over four years to increase the take-up of electronic Medicare claiming.

Tyro, formerly known as MoneySwitch, is banking on its well overdue Medicare Easyclaim project to drive growth in transaction volumes.

Tyro Payments, the first new entrant into the EFTPOS market in 10 years, completed its first year of business with an annualised transaction volume of $170m. Among the 400 first merchants signed are Toyota, Coca-Cola, Chanel, Mecca, Nandos and Readings.

The Reserve Bank of Australia has dangled a decent carrot in front of the payments industry with its promise to withdraw some tentacles from the regulatory business.

Consumers are set to save billions of dollars in hidden charges after the Reserve Bank threatened to slash credit and debit card interchange fees if the financial services industry did not improve competition and transparency.

Electronic transaction providers to the health industry have welcomed the looming shutdown of Medicare's ageing Medclaims bulk-billing system as a necessary step to modernise infrastructure at the agency.

The federal government is staring down a costly forced overhaul of splintered payments systems at Medicare after a decision by Telstra to pull the plug on Medclaims, a key legacy platform that processes bulk-billing claims for 2400 doctors and pathologists.

Independent Australian acquirer Tyro (formerly known as MoneySwitch) has launched integrated EFTPOS with health software partner HCN for Australia's general practices.

The latest release of HCN's MDExchange introduces a new feature whereby the EFTPOS terminal is automatically "driven" by PracSoft while the invoice is being generated at the end of the consultation.

The Australian Medical Association has called on the federal government to push through a radical overhaul of Medicare's electronic claim systems, arguing that simplifications to the present bank-operated system could save as much as $200 million a year.

With effect from 30 December 2007, Bill Bartlett has resigned from the Board of Directors of MoneySwitch Limited t/a Tyro Payments.