New technology making online shopping more secure and convenient

Shopping online will soon be easier and more secure, following the introduction of technology called credential on file (COF) tokenisation.

Gift cards to even the playing field for small businesses

Square announced it has added gift cards to its Australian offering in a bid to help small businesses across the country compete with larger retailers for revenue and new customers this holiday trading period.

A holistic risk assessment for online retailers

The digital landscape is changing, so it makes sense that online fraud is as well. Staggeringly, card-not-present (CNP) fraud has grown at a double-digit annual percentage for the last five years, now representing 85% of all Australian card fraud. The problem isn’t going away, either: with...

How cash costs your business

A national study commissioned by payments company Square, has revealed that Australian small- and medium-sized businesses (SMBs) are spending an average of 216 hours (around 29 working days) each year counting and banking cash, that’s a minimum cost of $8.7 billion in annual wages for the SMB...

Australian bank integrates Alipay

Reinforcing the strategy to accept all payment types in response to merchant needs. Tyro, Australia’s business-only bank, today announced it had entered an agreement with the world’s largest mobile and online payment platform, Alipay, to become the first Australian bank to offer a seamless,...

Retail therapy replaced by retail anxiety- credit card fraud

Online shopping anxiety – not therapy – may be more common than we think, with new data revealing that just 7% of Aussies are completely comfortable with the online experience. The biggest fear among Aussie shoppers is around the checkout cart, not losing their delivery.

Business-banking initiatives providing flexible settlements for retailers

Australia’s business-only bank Tyro announced two major advancements in the EFTPOS and Bank Account contributions: Flexible Same-Day Settlement payroll integration through Xero accounting software, targeted towards small to medium enterprises (SMEs). Tyro developed these innovations to assist...

eftpos adopts Australian Made logo

eftpos has become the first card payments platform to adopt the Australian Made logo, demonstrating the company’s ongoing commitment to Australian consumers, merchants and the local industry. The Australian Retailers Association (ARA) believe this partnership will assist in strengthening the...

Surviving and thriving with e-commerce

In the future, bricks-and-mortar retailers will adapt innovations developed for online commerce to transform the real world shopping experience and how they do business.

Why cash could be costing your business

Do you remember the last time you were waiting in line to make a purchase only to see a ‘cash only’ sign sitting on the till? Or when a tradesman insisted on cash payment after finishing a job at your home?

New website to test banks on merchant fees

A well-credentialed Australian payments consultancy is preparing to enter the comparison shopping field, with the launch of a pricing website aimed at online and point-of-sale merchants.

Productivity Commission picks up ARA’s recommendations

The Productivity Commission (PC) released its Inquiry report into Competition in the Australian Financial System recently. Here are the key takeaways for retailers after the PC’s recommendations:

Why customers love to buy now, pay later.

No doubt you’ve heard of the likes of AfterPay and ZipPay, allowing customers to pay later for things they want right now. These buy now, pay later (BNPL) services are the new-age version of lay-by, except the third-party companies typically assume all the financial risk. It allows shoppers to...

Meeting consumer demand for electronic payment

Fumbling for the right change in your wallet used to be painful. For years it had the potential to be a major source of frustration at supermarket checkouts, coffee shop counters and train stations all over Australia.

Tyro first-to-market contactless payments ahead of government deadline

Tyro, Australia’s business-only bank, recently announced ‘Tap & Save,’ allowing merchants to save money by processing debit tap-and-go payments through the eftpos network. Tap & Save offers least-cost routing to merchants that has launched ahead of the 1 April 2018 deadline recommended by the...

Australia, the First Cashless Country?

With consumers quickly embracing new payment technologies, retailers need to prepare for a potentially cashless future

Preserving Consumer and Merchant Choice

Retailers should be able to compete on a level playing field with contactless and mobile payments

Cheaper Contactless Card Payments with eftpos

Australia’s business bank and eftpos provider, Tyro, announced in early December that it will deliver lower cost routing via the eftpos network in the first quarter of calendar 2018. Tyro are well on track with pilots already in progress for some of their merchants. Their ‘least-cost routing’...

CBA, NAB bow to Reserve Bank on debit reform

The Reserve Bank has almost demolished the last lines of resistance to debit card reform at major banks, with Commonwealth Bank and National Australia Bank the latest to confirm they are moving to give merchants unfettered access to the low-cost eftpos network for routing contactless payments.

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