Tyro’s embedded payments driving new future for POS payments in Australia

Leading payments provider Tyro has launched the first Australian-developed embedded payments solution, enabling businesses to accept tap-to-pay payments via any device and point-of-sale (POS) system.

Tyro’s embedded payments software development kit (SDK) allows software innovators to integrate Tyro’s fast and secure tap-to-pay technology directly into iOS and android devices, apps and point-of-sale (POS) systems. Once embedded into a ‘tappable’ NFC POS system or device, Australian merchants can easily accept payments without a separate terminal.

Tyro CEO Jon Davey said, “Tyro’s mission is to make payments the easiest part of doing business. With our embedded payments, merchants get a hassle-free, tap-to-pay system in any device. We’re thrilled to be launching this solution with our valued POS partners, offering Australian merchants another simple way to create seamless experiences for their customers.”

With Tyro’s embedded payments solution, merchants can take advantage of:

• Bring your own device: Start taking payments sooner with bring-your-own Android or iOS
  hardware, without the need for an additional EFTPOS device;
• Smooth customer checkout: A seamless experience with POS and payments all in one
  device;
• No monthly EFTPOS rental fees: Save on overhead costs with a transaction-only
  payment model;
• Get paid same day, 7-days a week: Get your funds every day of the week into your fee-free Tyro Bank Account¹

Tyro’s Embedded Payments solution is now live for merchants using Liven, Metapos and Ivida POS systems. The Tyro Embedded Payments SDK is available now for software developers and POS partners, suitable to be developed to existing iOS or Android devices that support NFC technology.

For more information please visit, www.tyro.com/products/embedded-payments or contact Tyro’s partnerships team on partner@tyro.com

Media Enquiries: Lucy Rowles | media@tyro.com

About Tyro Payments: In 2003, Tyro set out to make payments the easiest part of doing business. Today, we’re still into business big time, powering more than 71,000 merchants across Australia with in-store, online and on-the-go payment solutions. Working with more than 700 partners, we create seamless payment experiences for hospitality, retail, services and health providers, with integrated banking and lending solutions designed to help unlock the potential of every business. For more information visit tyro.com/products

^{Disclaimer: Tyro Payments Limited ACN 103 575 042 AFSL 471951 (Tyro) is the issuer of its own financial products. As Tyro does not take into account your personal circumstances, please consider if these products are suitable for you.}

^{1 Settlements are paid 7 days a week when you meet the following eligibility criteria: • The daily takings from your Tyro EFTPOS and/or eCommerce facility are settled into the Tyro Bank Account; and • The Flexible Settlement Allocation feature is configured to leave a percentage of your daily takings in the Tyro Bank Account each day. Available settlement times are from 8pm to 5am (Sydney time).
Excludes Alipay, HealthPoint and funds settled directly by Afterpay, American Express, and JCB}