eftpos Hub attracts new members
Eftpos, the most widely used card transactions system in Australia, announced yesterday that it had signed up two new members: the local start-up success, Tyro Payments, and global payments facilitation platform Adyen.Both new members have joined up to access the eftpos Hub, the company's centralised payments infrastructure launched in September 2014. Eftpos managing director, Bruce Mansfield, said that Tyro, an acquirer with a network that includes a large number of small and medium sized business customers, will be able to access Australia's domestic debit network directly and benefit from the real-time processing capabilities of the eftpos Hub.Jost Stollmann, Tyro's CEO, said the two organisations were already working together in other parts of the economy: for example, more than half of Australia's Medicare rebates through the debit card system are processed by Tyro and eftpos. Tyro is scheduled to connect to the eftpos Hub in November, to join existing eftpos members, including NAB, ANZ, Coles, First Data and Woolworths.Mansfield noted that Tyro is only the second new eftpos member, after ING Direct in 2014, to join since the payment system was set up in 2009. Mansfield later announced a third addition to the eftpos network, and its first international business member: Adyen, a payments technology company that provides a single global platform for businesses to accept payments anywhere in the world, using online, mobile or point-of-sale systemsAdyen plans to connect to the eftpos real time payments processing platform, the eftpos Hub, which is processing almost 2 million eftpos CHQ and SAV transactions a day.