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	<title>2018 | Tyro</title>
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	<title>2018 | Tyro</title>
	<link>https://www.tyro.com/blog/press-category/2018/</link>
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		<title>Tyro merchants save over $1.5 million on fees in eight months with award-winning Tap &#038; Save</title>
		<link>https://www.tyro.com/about-tyro/media/tyro-merchants-save-with-award-winning-tap-save/</link>
		
		<dc:creator><![CDATA[Mike Hagley]]></dc:creator>
		<pubDate>Thu, 15 Nov 2018 00:14:57 +0000</pubDate>
				<guid isPermaLink="false">https://www.tyro.com/?post_type=press-releases&#038;p=56</guid>

					<description><![CDATA[<p>The post <a href="https://www.tyro.com/about-tyro/media/tyro-merchants-save-with-award-winning-tap-save/">Tyro merchants save over $1.5 million on fees in eight months with award-winning Tap &amp; Save</a> appeared first on <a href="https://www.tyro.com">Tyro</a>.</p>
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<p class="wp-block-cgb-text gutenberg-examples-align-left"><em>Over 11 million transactions routed since March 2018</em><br /><br /><strong>Sydney, Australia, 15 November 2018</strong> – <a href="https://www.tyro.com/" target="_blank" rel="noreferrer noopener" aria-label=" (opens in a new tab)">Tyro</a>, Australia’s business-only bank, today revealed the initial outcomes of ‘Tap &amp; Save’ since its launch in March this year. Tap &amp; Save is a first-to-market initiative from Tyro offering least-cost routing to Tyro merchants and allowing them to save on their service fees by processing eligible debit tap-and-go payments through the more economical eftpos network.<br /> <br />Tap &amp; Save has delivered substantial savings on card acceptance costs for businesses using Tyro EFTPOS. Since its launch in March this year eligible Tyro merchants have collectively saved over $1,500,000, an average of 8.4%, on their Merchant Service Fees – with these savings increasing month on month, and some Tyro merchants have saved on average around 20-30% on routed transactions. Actual savings for each business have varied depending on their card mix, transaction volume and amount, industry and pricing plan. Since its inception, Tap &amp; Save has seen over 11 million transactions processed through the cheaper eftpos network.<br /> <br />Tyro merchants have been quick to adopt the payment method with nearly 20% of businesses now Tap &amp; Save enabled. The industry with the biggest opt-in to Tap &amp; Save activity has been retail, followed by hospitality, then health and other services. A summary of the savings up to end of October 2018 broken down by industry is:<br /></p>



<ul class="wp-block-cgb-unordered-list"><li>Hospitality has saved nearly $750,000 on their service fees<br /><em>So far pubs and bars have benefitted the most saving on average of nearly 15% and over 10% for fast food and catering</em></li><li>Retail has saved over $545,000 on their service fees<br /><em>Savings include nearly 14% for liquor stores, over 10% for pharmacies, over 9% for automotive retail</em><br /></li><li>Health and other services have saved over $180,000 on their service fees</li></ul>



<p class="wp-block-cgb-text gutenberg-examples-align-none">Iconic Sydney hotel The Oaks was one of the first Tyro merchants to trial Tap &amp; Save from late 2017 and so far, has seen significant savings. Since implementing Tap &amp; Save, The Oaks has seen an average of over $1,000 a month in savings on their service fees. Several other Tyro customers have received impressive savings since the launch of Tap &amp; Save to October 2018 including:</p>



<ul class="wp-block-cgb-unordered-list"><li>Cabfare, Tyro’s strategic partner in the transport industry, has saved over $35,000 on their service fees</li><li>Jaycar, a leading electronics retailer, has also saved nearly $35,000 on their service fees</li><li>In the hospitality sector, one bar in Queensland saved over 30% on their service fees, one bar in the Eastern Suburbs saved over 27% on their service fees and a pub in South West Sydney saved over 25% on their service fees</li></ul>



<p class="wp-block-cgb-text gutenberg-examples-align-none">Robbie Cooke, Tyro’s Chief Executive Officer, said, <em>“The success of Tap &amp; Save has gone beyond our initial estimate and close to 20% of our existing customers are already enjoying the benefits of least-cost routing with more customers signing up weekly. We’ve also seen a solid increase in merchant acquisitions since the launch. The micro and small business markets have been quick to embrace least-cost routing. We are delighted to be the first, and so far only, bank that has delivered this cost saving feature to Australian businesses.”</em><br /> <br /><em>“Tap-and-go is by far the easiest and most convenient way to pay, with more and more Australians tapping away at point-of-sale. Tyro is the first bank to offer merchants the ability to route these transactions through the more economical eftpos network with Tap &amp; Save, which has certainly given our customers an advantage,”</em> Cooke continued.<br /> <br />As the champion for small to medium enterprises (SMEs) in Australia, Tyro is always looking at ways to address their banking needs – Tap &amp; Save is a testament to this and was recently recognised for its success, with Tyro being awarded ‘Best Payment Services Bank’ at the Australian Business Banking Awards 2018 in August. Following the release of Tap &amp; Save, Tyro has also introduced Flexible Settlements allowing Tyro merchants to choose a daily EFTPOS settlement time (after 8pm) to suit their business operations; Tyro was the first Australian bank to integrate with Alipay; and Tyro will develop a one-stop point of sale (POS) and app integration for merchants. These initiatives are in response to real merchant needs, and see Tyro gaining ground with SMEs and winning the approval of customers.</p>



<h3 class="wp-block-heading"> <br>About Tyro </h3>



<p class="wp-block-cgb-text gutenberg-examples-align-none">Tyro is an Australian Bank and operates under the supervision of the Australian Prudential Regulation Authority (APRA).<br /> <br />Tyro provides credit, debit and EFTPOS card acquiring, Medicare and private health fund claiming and rebating services, as well as an interest-bearing transaction and deposit account offering integration with Xero cloud accounting. Tyro takes money on deposit and offers unsecured cash-flow based lending to Australian EFTPOS merchants.<br /> <br />Tyro currently serves more than 20,000 businesses with its own in-house, cloud-based mobile core banking platform.<br /> <br />For more information, visit tyro.com.</p>
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<h2 class="wp-block-heading"><strong>Need to know more?</strong></h2>



<p class="wp-block-cgb-text gutenberg-examples-align-none">For more about this news story please contact:<br/>Monica Appleby, Head of Corporate Communications on 0466 598 946 or <a rel="noreferrer noopener" href="mailto:mappleby@tyro.com?subject=Media enquiry" target="_blank" data-type="mailto">mappleby@tyro.com</a><br/>Sophie Cotterill, Corporate Communications Manager on 0414 960 292 or <a rel="noreferrer noopener" href="mailto:scotterill@tyro.com?subject=Media enquiry" target="_blank">scotterill@tyro.com </a></p>



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<p>The post <a href="https://www.tyro.com/about-tyro/media/tyro-merchants-save-with-award-winning-tap-save/">Tyro merchants save over $1.5 million on fees in eight months with award-winning Tap &amp; Save</a> appeared first on <a href="https://www.tyro.com">Tyro</a>.</p>
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		<title>Heinemann first Tyro merchant to integrate Alipay in Australian banking first</title>
		<link>https://www.tyro.com/about-tyro/media/heinemann-first-tyro-merchant-to-integrate-alipay-in-australian-banking-first/</link>
		
		<dc:creator><![CDATA[]]></dc:creator>
		<pubDate>Wed, 31 Oct 2018 00:32:01 +0000</pubDate>
				<guid isPermaLink="false">https://www.tyro.com/?post_type=press-releases&#038;p=58</guid>

					<description><![CDATA[<p>The post <a href="https://www.tyro.com/about-tyro/media/heinemann-first-tyro-merchant-to-integrate-alipay-in-australian-banking-first/">Heinemann first Tyro merchant to integrate Alipay in Australian banking first</a> appeared first on <a href="https://www.tyro.com">Tyro</a>.</p>
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<p class="wp-block-cgb-text gutenberg-examples-align-none"><em>Tyro and Alipay integration live in new Gold Coast Heinemann stores</em><br/> <br/><strong>Sydney, Australia, 31 October 2018</strong> – Australia’s business-only bank <a href="https://www.tyro.com/">Tyro</a>, announced it has gone live with its first merchant implementing Alipay today, in an Australian banking first. Tax and duty-free retailer Heinemann Australia has today introduced Alipay in its new stores at Gold Coast International Airport.<br/> <br/>Tyro is the first and only Australian bank to offer a seamless, all-in-one EFTPOS solution with Alipay for its merchants. This follows Tyro signing a deal with Alipay in August 2018.<br/> <br/>The integration with Alipay, the world’s largest mobile and online payment platform, provides Australian businesses improved access to the lucrative and rapidly expanding Chinese visitor market. In the year ending February 2018, almost 1.4 million Chinese tourists visited Australia, injecting AU$10.4 billion into the economy (in the year ending December 2017)<sup>[1]</sup>. This is predicted to rise to AU$13 billion by 2020.<sup>[2]</sup> <br/> <br/>Tyro CEO Robbie Cooke said the Alipay integration continues the company’s strategy of enabling its merchants to accept all payment types and letting customers choose the way they want to pay.<br/> <br/><em>“Bringing innovative payment and banking solutions to Australian businesses is what Tyro is all about and our partnership with Alipay allows us to offer Tyro merchants a market-leading initiative with a unique point of difference.</em><br/><br/><em> “We are thrilled to have Heinemann Australia on board as our first merchant taking advantage of Tyro’s Alipay integration and proud to be the first bank in the country to bring this exciting initiative to Australian businesses.</em><br/> <br/><em>“This is all the more impressive given it was only at the end of August that we signed our deal with Alipay”</em> said Cooke.<br/> <br/>Australian businesses looking to capitalise on the Chinese tourist market can now offer a simple and seamless payment option to visitors, helping to make their local experience more familiar with how they transact at home. Thousands of Chinese students and migrants also use Alipay and merchants, particularly across the retail and hospitality sectors, also have the opportunity to offer a range of payment options giving customers more choice in how they want to pay.<br/> <br/>Richard Goodman, Managing Director of Heinemann Australia, said, <em>“We are excited to partner with Tyro in launching Alipay. We know Alipay is not only the preferred payment method by many of our valued Chinese customers, it also offers increased convenience, with the trend toward cashless digital wallets. We look forward to rolling it out across our Australian stores.”</em><br/> <br/>Operated by Alibaba Group’s affiliate Ant Financial, Alipay is the world’s leading mobile and online payment platform and is a must-have app in China. With over 870 million active users in China and overseas with its strategic partners, Alipay has evolved from a digital wallet to a lifestyle enabler and is the number one payment method in China.<br/> <br/>George Lawson, ANZ Country Manager at Alipay, said, <em>“For many Chinese visitors, Heinemann is the first brand encountered on arrival in Australia. Alipay is delighted to see the deployment of Alipay at Heinemann’s Gold Coast stores in partnership with Tyro, the first Australian bank to offer China’s leading payment method to merchants in Australia.”</em><br/> <br/>Tyro will offer Alipay to its other eligible 20,000+ businesses from second quarter 2019.<br/> <br/>Data from Nielsen has indicated that 65% of Chinese tourists use mobile payment platforms during their overseas travels, six times more than non-Chinese tourists (11%). In addition, over 90% of Chinese tourists would consider using Alipay when travelling abroad if Alipay were more widely accepted among foreign merchants. Moreover, over 90% of Chinese tourists indicated they would increase their spending if Alipay were an accepted payment method.<br/> <br/>Tyro is further diversifying its offering and responding to merchant needs by introducing initiatives that will attract more revenue to its merchants’ businesses. The Alipay integration fits with Tyro’s strategy to offer alternative payments, as part of its existing award-winning EFTPOS and banking-specific products. As the only Australian bank completely dedicated to business banking, Tyro is at the forefront of banking and payments and strongly supports its customers by designing innovative products and a better experience, so they can succeed.</p>



<h3 class="wp-block-heading"> <br>About Tyro </h3>



<p class="wp-block-cgb-text gutenberg-examples-align-none"> Tyro is an Australian Bank and operates under the supervision of the Australian Prudential Regulation Authority (APRA).<br/><br/>Tyro provides credit, debit and eftpos card acquiring, Medicare and private health fund claiming and rebating services, as well as an interest-bearing transaction and deposit account offering integration with Xero accounting software. Tyro takes money on deposit and offers unsecured cashflow-based lending to Tyro EFTPOS merchants.<br/><br/>Tyro currently serves more than 20,000 businesses with its own in-house, cloud-based mobile core banking platform.<br/><br/>For more information, visit <a href="https://www.tyro.com/">tyro.com</a>. </p>



<h3 class="wp-block-heading">  <br>About Heinemann Australia Pty Ltd </h3>



<p class="wp-block-cgb-text gutenberg-examples-align-none">Heinemann Australia with its 550 employees is a wholly-owned subsidiary of Gebr. Heinemann and was established in 2014 to represent the group in the Trans-Tasman region, in conjunction with winning the Duty Free tender at prestigious Sydney Airport. Now boasting seven impressive stores, HEINEMANN Tax &amp; Duty operates 10,000 sqm of retail space at this destination port. Rooted in Gebr. Heinemann’s legacy, Heinemann Australia is committed to being a key player in Travel Retail by becoming the preferred partner for landlords, operators and suppliers. Also, by maintaining our enduring commercial relationships and fostering mutual growth with their business partners. For more information, visit <a href="https://heinemann.com.au/">heinemann.com.au</a>. </p>



<h3 class="wp-block-heading"> <br>About Alipay </h3>



<p class="wp-block-cgb-text gutenberg-examples-align-none">Operated by Ant Financial Services Group, Alipay is the world’s largest mobile and online payment platform. Launched in 2004, Alipay currently works with over 200 domestic financial institution partners. Over the years, Alipay has evolved from a digital wallet to a lifestyle enabler. Users can hail a taxi, book a hotel, buy movie tickets, pay utility bills, make appointments with doctors, or purchase wealth management products directly from within the app. In addition to online payments, Alipay is expanding to in-store offline payments both inside and outside of China. Alipay’s in-store payment service covers over 40 countries and regions across the world, and tax reimbursement via Alipay is supported in 29 countries and regions. Alipay works with over 250 overseas financial institutions and payment solution providers to enable cross-border payments for Chinese travelling overseas and overseas customers who purchase products from Chinese e-commerce sites. Alipay currently supports 27 currencies. </p>



<p class="wp-block-cgb-text gutenberg-examples-align-none"> <br/> <br/> <sup>[1]</sup> <a href="https://trademinister.gov.au/releases/Pages/2018/sc_mr_180418.aspx">https://trademinister.gov.au/releases/Pages/2018/sc_mr_180418.aspx</a><br/> <sup>[2]</sup> <a href="http://www.tourism.australia.com/content/dam/assets/document/1/6/x/g/p/2002921.pdf">http://www.tourism.australia.com/content/dam/assets/document/1/6/x/g/p/2002921.pdf</a> </p>
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<h2 class="wp-block-heading"><strong>Need to know more?</strong></h2>



<p class="wp-block-cgb-text gutenberg-examples-align-none">For more about this news story please contact:<br/>Monica Appleby, Head of Corporate Communications on 0466 598 946 or <a rel="noreferrer noopener" href="mailto:mappleby@tyro.com?subject=Media enquiry" target="_blank" data-type="mailto">mappleby@tyro.com</a><br/>Sophie Cotterill, Corporate Communications Manager on 0414 960 292 or <a rel="noreferrer noopener" href="mailto:scotterill@tyro.com?subject=Media enquiry" target="_blank">scotterill@tyro.com </a></p>



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<p></p>
<p>The post <a href="https://www.tyro.com/about-tyro/media/heinemann-first-tyro-merchant-to-integrate-alipay-in-australian-banking-first/">Heinemann first Tyro merchant to integrate Alipay in Australian banking first</a> appeared first on <a href="https://www.tyro.com">Tyro</a>.</p>
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		<title>2018 AGM – Chairman’s and CEO’s Address</title>
		<link>https://www.tyro.com/about-tyro/media/2018-agm-chairmans-and-ceos-address/</link>
		
		<dc:creator><![CDATA[]]></dc:creator>
		<pubDate>Thu, 25 Oct 2018 00:51:21 +0000</pubDate>
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					<description><![CDATA[<p>The post <a href="https://www.tyro.com/about-tyro/media/2018-agm-chairmans-and-ceos-address/">2018 AGM – Chairman’s and CEO’s Address</a> appeared first on <a href="https://www.tyro.com">Tyro</a>.</p>
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<p class="wp-block-cgb-text gutenberg-examples-align-none"> <br/>Below are copies of the Chairman’s and CEO’s addresses and the presentation that were presented at Tyro Payments Ltd Annual General Meeting, at 3pm (Sydney time) Thursday 25 October 2018. <br/><br/><a href="https://go.tyro.com/l/75482/2018-11-01/4fh4xv/75482/169873/AGM_2018_10_25.zip" target="_blank" rel="noreferrer noopener" aria-label=" (opens in a new tab)">Download Attachments</a> </p>



<h3 class="wp-block-heading"> <br>About Tyro </h3>



<p class="wp-block-cgb-text gutenberg-examples-align-none"> <br/>Tyro is an Australian Bank and operates under the supervision of the Australian Prudential Regulation Authority (APRA).<br/><br/>Tyro provides credit, debit and eftpos card acquiring, Medicare and private health fund claiming and rebating services, as well as an interest-bearing transaction and deposit account offering integration with Xero accounting software. Tyro takes money on deposit and offers unsecured cashflow-based lending to Tyro EFTPOS merchants.<br/><br/>Tyro currently serves more than 20,000 businesses with its own in-house, cloud-based mobile core banking platform.<br/><br/>For more information, visit tyro.com </p>
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<h2 class="wp-block-heading"><strong>Need to know more?</strong></h2>



<p class="wp-block-cgb-text gutenberg-examples-align-none">For more about this news story please contact:<br/>Monica Appleby, Head of Corporate Communications on 0466 598 946 or <a rel="noreferrer noopener" href="mailto:mappleby@tyro.com?subject=Media enquiry" target="_blank" data-type="mailto">mappleby@tyro.com</a><br/>Sophie Cotterill, Corporate Communications Manager on 0414 960 292 or <a rel="noreferrer noopener" href="mailto:scotterill@tyro.com?subject=Media enquiry" target="_blank">scotterill@tyro.com </a></p>



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<p>The post <a href="https://www.tyro.com/about-tyro/media/2018-agm-chairmans-and-ceos-address/">2018 AGM – Chairman’s and CEO’s Address</a> appeared first on <a href="https://www.tyro.com">Tyro</a>.</p>
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		<title>David Thodey AO to join the Tyro Payments Board</title>
		<link>https://www.tyro.com/about-tyro/media/david-thodey-ao-to-join-the-tyro-payments-board/</link>
		
		<dc:creator><![CDATA[]]></dc:creator>
		<pubDate>Thu, 25 Oct 2018 00:45:30 +0000</pubDate>
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					<description><![CDATA[<p>The post <a href="https://www.tyro.com/about-tyro/media/david-thodey-ao-to-join-the-tyro-payments-board/">David Thodey AO to join the Tyro Payments Board</a> appeared first on <a href="https://www.tyro.com">Tyro</a>.</p>
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<p class="wp-block-cgb-text gutenberg-examples-align-none"><strong>25 October 2018</strong> – Tyro, Australia’s fast-growing business bank, today announced that David Thodey AO has accepted an invitation to join its Board as a non-executive director with the appointment to take effect in November 2018. In announcing the appointment Tyro’s Chairman Mr Kerry Roxburgh said:<br/> <br/><em>“It is with great pleasure that I announce David Thodey is joining Tyro as a non-executive director. David’s extensive management, leadership and technology experience makes him a welcome addition to our Board. I am looking forward to David joining us in November and having the benefit of his expertise as we chart Tyro’s future course”</em>.<br/> <br/>Mr Thodey is a global technology and telecommunications executive with more than 30 years of experience – 25 of those in Asia. He has a track record of creating brand and shareholder value and has been successfully involved in innovation across a wide range of sectors. Mr Thodey was the CEO of Telstra (2009 to 2015) and prior to that had a 22-year career with IBM, working in senior marketing and sales positions, including CEO of IBM Australia/New Zealand.<br/> <br/>He is currently Chairman of CSIRO and Director of Ramsay Health Care and Jobs for NSW. He is active in the venture capital industry as an advisor to Square Peg Capital and holds Board positions with several private companies. Mr Thodey is also Chairman, NSW Quantum Computing Fund, a member of the Advisory Board of United Healthcare and is on the Investment Committee of Evans &amp; Partners Global Disruption Fund that listed on the ASX in August 2017.<br/> <br/>Mr Thodey has a Bachelor of Arts degree in English and Anthropology, from Victoria University in New Zealand, and completed post-graduate studies at Northwestern University’s Kellogg School of Business in Chicago, Illinois. He was awarded an Honorary Doctorate in Science and Technology from Deakin University in 2016 and was awarded an Order of Australia in 2017 for integrity and leadership in business.</p>



<h3 class="wp-block-heading"> <br>About Tyro </h3>



<p class="wp-block-cgb-text gutenberg-examples-align-none">Tyro is an Australian Bank and operates under the supervision of the Australian Prudential Regulation Authority (APRA).<br/> <br/>Tyro provides credit, debit and eftpos card acquiring, Medicare and private health fund claiming and rebating services, as well as an interest-bearing transaction and deposit account offering integration with Xero accounting software. Tyro takes money on deposit and offers unsecured cashflow-based lending to Tyro EFTPOS merchants.<br/> <br/>Tyro currently serves more than 20,000 businesses with its own in-house, cloud-based mobile core banking platform.<br/> <br/>For more information, visit tyro.com</p>
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<h2 class="wp-block-heading"><strong>Need to know more?</strong></h2>



<p class="wp-block-cgb-text gutenberg-examples-align-none">For more about this news story please contact:<br/>Monica Appleby, Head of Corporate Communications on 0466 598 946 or <a rel="noreferrer noopener" href="mailto:mappleby@tyro.com?subject=Media enquiry" target="_blank" data-type="mailto">mappleby@tyro.com</a><br/>Sophie Cotterill, Corporate Communications Manager on 0414 960 292 or <a rel="noreferrer noopener" href="mailto:scotterill@tyro.com?subject=Media enquiry" target="_blank">scotterill@tyro.com </a></p>



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<p>The post <a href="https://www.tyro.com/about-tyro/media/david-thodey-ao-to-join-the-tyro-payments-board/">David Thodey AO to join the Tyro Payments Board</a> appeared first on <a href="https://www.tyro.com">Tyro</a>.</p>
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		<title>New market-leading features from Tyro supporting SMEs</title>
		<link>https://www.tyro.com/about-tyro/media/new-market-leading-features-from-tyro-supporting-smes/</link>
		
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		<pubDate>Mon, 03 Sep 2018 01:06:02 +0000</pubDate>
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					<description><![CDATA[<p>The post <a href="https://www.tyro.com/about-tyro/media/new-market-leading-features-from-tyro-supporting-smes/">New market-leading features from Tyro supporting SMEs</a> appeared first on <a href="https://www.tyro.com">Tyro</a>.</p>
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<p class="wp-block-cgb-text gutenberg-examples-align-none"><em>Flexible Same-Day Settlement allows faster access to funds and Xero payroll integration offers time-saving benefits</em><br/> <br/><strong>Sydney, Australia, 3 September 2018</strong> – <a href="https://www.tyro.com/">Tyro</a>, Australia’s business-only bank, announced two major advancements to its EFTPOS and Bank Account offerings – Flexible Same-Day Settlement and payroll integration through <a href="https://www.xero.com/au/">Xero</a> accounting software. These innovations have been developed from an understanding of the real-world environment small to medium enterprises (SMEs) operate in and reinforces Tyro’s market position as the leading business bank for SMEs.<br/> <br/>A key pain point for merchants is the time it takes to access their funds, particularly for businesses that close late (e.g. hospitality) or trade on weekends (e.g. retail). Tyro recognises end of day trading times for merchants vary from business to business and in response to this, Tyro has further enhanced its EFTPOS solution introducing Flexible Same-Day Settlement to benefit Australian businesses, especially SMEs. Flexible Same-Day Settlement enables Tyro merchants to receive Tyro EFTPOS settled funds into their Tyro Bank Account at a time they choose between 8.00pm to 5.00am AEST, seven days a week (including public holidays).<br/> <br/>With Flexible Same-Day Settlement, merchants are able to better manage reconciliations, as well as cashflow and operations. It helps to ensure a more accurate and consistent reconciliation process as merchants choose when their day ends rather than payments being split over a number of days. For example, hospitality merchants that may close as late as 1.00am can receive their funds in one lump sum at the end of their trading day. Other financial institutions may have a cut off time of 9.00pm which may see the merchant receiving some funds before 9.00pm and any sales incurred after this time may be received the following day, further complicating payment reconciliation. On the other hand, choosing Flexible Same-Day Settlement with Tyro, retailers can get paid as early as 8.00pm instead of having to wait for a prescribed payment time.<br/> <br/>In addition to Flexible Same-Day Settlement, Tyro has introduced an integrated payroll solution with Xero. Tyro has eliminated the extra step of having to separately process payroll by allowing merchants to input pay runs through Xero, which is linked to their Tyro Smart Account – saving merchants time without having to download and upload ABA files anymore. Within a week of launching, there was a 20 per cent take up with current Tyro customers who are also existing Xero customers. The popularity of this feature aligns with feedback received from SMEs so far who are experiencing the time-saving benefits of the Xero payroll integration, by providing accounting and banking reconciliation as well as delegating user authorities for approvals i.e. accountants are able to process the payment in Xero and the business owner is then able to approve the payment in the Tyro app.<br/> <br/>Robbie Cooke, CEO at Tyro, said, “We understand for some SMEs, cashflow is always crucial and getting access to funds is essential for everyday business, whether it is paying staff and invoices, using cash to run the business or investing back into the business. Flexible Same-Day Settlement gives Tyro merchants the ability to receive their funds daily, and the integration with Xero payroll increases efficiency, so SMEs can tailor their own cashflow and payments, reinvest into their business and run a smoother operation.”<br/> <br/>Flexible Same-Day Settlement and Xero payroll are also integrated into the Tyro mobile app, giving Tyro customers full control of their banking in the palm of their hands. Merchants can track daily EFTPOS sales and see what is settling into their Tyro Smart Account. Using Xero payroll integration, they can also post pay runs directly from Xero without the need to download/upload an ABA file and approve them using the app – pay run transactions are then made from their Tyro Smart Account and fed back to Xero for reconciliation.<br/> <br/>Tyro’s highly developed in-house engineering capability places it at the forefront of banking and payment innovation. As the only Australian bank completely dedicated to business banking, Tyro strongly supports SMEs by designing innovative products and a better experience for customers, so they can succeed. The company recently unveiled industry-first innovations such as the launch of its award-winning least-cost routing product, Tap &amp; Save, a new deal that will see Tyro develop a one-stop point of sale (POS) and app integration for merchants, and a new agreement with Alipay that sees Tyro being the first Australian bank to integrate with Alipay. These initiatives demonstrate Tyro’s commitment to consistently updating its offerings to meet the needs of Australia’s SMEs.</p>



<h3 class="wp-block-heading"> <br>About Tyro </h3>



<p class="wp-block-cgb-text gutenberg-examples-align-none"> <br/>Tyro is an Australian bank and operates under the supervision of the Australian Prudential Regulation Authority (APRA).<br/><br/>Tyro provides credit, debit and EFTPOS card acquiring, Medicare and private health fund claiming and rebating services, as well as an interest-bearing transaction and deposit account offering integration with Xero accounting software. Tyro takes money on deposit and offers unsecured cashflow-based lending to Tyro EFTPOS merchants.<br/><br/>Tyro currently serves more than 20,000 businesses with its own in-house, cloud-based mobile core banking platform.<br/><br/>For more information, visit <a href="https://www.tyro.com/">tyro.com</a>. </p>
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<p class="wp-block-cgb-text gutenberg-examples-align-none">For more about this news story please contact:<br/>Monica Appleby, Head of Corporate Communications on 0466 598 946 or <a rel="noreferrer noopener" href="mailto:mappleby@tyro.com?subject=Media enquiry" target="_blank" data-type="mailto">mappleby@tyro.com</a><br/>Sophie Cotterill, Corporate Communications Manager on 0414 960 292 or <a rel="noreferrer noopener" href="mailto:scotterill@tyro.com?subject=Media enquiry" target="_blank">scotterill@tyro.com </a></p>



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<p>The post <a href="https://www.tyro.com/about-tyro/media/new-market-leading-features-from-tyro-supporting-smes/">New market-leading features from Tyro supporting SMEs</a> appeared first on <a href="https://www.tyro.com">Tyro</a>.</p>
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		<title>Tyro first Australian bank to integrate with Alipay</title>
		<link>https://www.tyro.com/about-tyro/media/tyro-first-australian-bank-integrate-alipay/</link>
		
		<dc:creator><![CDATA[Mike Hagley]]></dc:creator>
		<pubDate>Tue, 28 Aug 2018 01:22:08 +0000</pubDate>
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					<description><![CDATA[<p>The post <a href="https://www.tyro.com/about-tyro/media/tyro-first-australian-bank-integrate-alipay/">Tyro first Australian bank to integrate with Alipay</a> appeared first on <a href="https://www.tyro.com">Tyro</a>.</p>
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<p class="wp-block-cgb-text gutenberg-examples-align-none"><em>Reinforcing its strategy to accept all payment types in response to merchant needs</em><br/> <br/><strong>Sydney, Australia, 28 August 2018</strong> – <a href="https://www.tyro.com/">Tyro</a>, 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, all-in-one EFTPOS solution with Alipay for Tyro’s merchants and improve Australian businesses’ access to the Chinese visitor market.<br/> <br/>Tyro is currently working with several merchants to determine appropriate pilot sites for launch by the end of 2018. Tyro will offer Alipay to its other eligible 20,000+ businesses from second quarter 2019.<br/> <br/>The Alipay integration continues Tyro’s strategy of enabling its merchants to accept all payment types, letting their customers choose the way they want to pay.<br/> <br/>Operated by Alibaba Group’s affiliate Ant Financial, Alipay is the world’s leading mobile and online payment platform and is a must-have app in China. With over 870 million active users in China and overseas with its strategic partners, Alipay has evolved from a digital wallet to a lifestyle enabler and is the number one payment method in China.<br/> <br/>In Australia and New Zealand, Alipay now partners with over 10,000 businesses, helping them capitalise on the lucrative and rapidly expanding Chinese visitor market. Tyro will be the first Australian bank offering all-in-one EFTPOS with integrated Alipay acceptance with its merchants.<br/> <br/>Robbie Cooke, CEO of Tyro, said, “This is an exciting initiative for businesses in Australia, especially for those in the retail and hospitality sectors. It sees Tyro continue to challenge the status quo, being the first Australian bank to give its merchants the opportunity to seamlessly integrate with Alipay, enabling them to better serve Chinese tourists and giving customers more choice in how they want to pay.”<br/> <br/>George Lawson, ANZ Country Manager at Alipay, said, “Banks are pivotal to Alipay’s expansion in Australia as it allows us to switch on our technology for thousands of merchants simultaneously through their existing payment terminals. Australian businesses have been calling out for their banks to partner with Alipay to improve their exposure to the rapidly expanding Chinese visitor market so it’s pleasing to see Tyro take the lead on this and give their merchants access to new customers and incremental revenues.”<br/> <br/>In the year ending February 2018, almost 1.4 million Chinese tourists visited Australia, injecting AU$10.4 billion into the economy (in the year ending December 2017)<sup>[1]</sup>. This is predicted to rise to AU$13 billion by 2020<sup>[2]</sup>. Alipay is also hassle-free and easy to set up for any operator and provides merchants with additional marketing capabilities. <br/> <br/>Data from Nielsen has indicated that 65% of Chinese tourists use mobile payment platforms during their overseas travels, six times more than non-Chinese tourists (11%). In addition, over 90% of Chinese tourists would consider using Alipay when travelling abroad if Alipay were more widely accepted among foreign merchants. Moreover, over 90% of Chinese tourists indicated they would increase their spending if Alipay were an accepted payment method.<br/> <br/>Tyro is further diversifying its offering and responding to merchant needs by introducing initiatives that attract more revenue to benefit their business. The Alipay integration is part of a wider scope from Tyro to offer alternative payments, as part of its existing award-winning EFTPOS and banking-specific products. As the only Australian bank completely dedicated to business banking, Tyro is at the forefront of banking and payment innovation and strongly supports its customers by designing innovative products and a better experience, so they can succeed.</p>



<h2 class="wp-block-heading"> <br>About Tyro </h2>



<p class="wp-block-cgb-text gutenberg-examples-align-none"> <br/>Tyro is an Australian Bank and operates under the supervision of the Australian Prudential Regulation Authority (APRA).<br/><br/>Tyro provides credit, debit and eftpos card acquiring, Medicare and private health fund claiming and rebating services, as well as an interest-bearing transaction and deposit account offering integration with Xero accounting software. Tyro takes money on deposit and offers unsecured cashflow-based lending to Tyro EFTPOS merchants.<br/><br/>Tyro currently serves more than 20,000 businesses with its own in-house, cloud-based mobile core banking platform.<br/><br/>For more information, visit <a href="https://www.tyro.com/">tyro.com</a>. </p>



<h2 class="wp-block-heading"> <br>About Alipay </h2>



<p class="wp-block-cgb-text gutenberg-examples-align-none"> <br/>Operated by Ant Financial Services Group, Alipay is the world’s largest mobile and online payment platform. Launched in 2004, Alipay currently works with over 200 domestic financial institution partners. Over the years, Alipay has evolved from a digital wallet to a lifestyle enabler. Users can hail a taxi, book a hotel, buy movie tickets, pay utility bills, make appointments with doctors, or purchase wealth management products directly from within the app. In addition to online payments, Alipay is expanding to in-store offline payments both inside and outside of China. Alipay’s in-store payment service covers over 40 countries and regions across the world, and tax reimbursement via Alipay is supported in 29 countries and regions. Alipay works with over 250 overseas financial institutions and payment solution providers to enable cross-border payments for Chinese travelling overseas and overseas customers who purchase products from Chinese e-commerce sites. Alipay currently supports 27 currencies. </p>



<p class="wp-block-cgb-text gutenberg-examples-align-none"> <br/><sup>[1]</sup> <a href="https://trademinister.gov.au/releases/Pages/2018/sc_mr_180418.aspx">https://trademinister.gov.au/releases/Pages/2018/sc_mr_180418.aspx</a><br/><sup>[2]</sup> <a href="http://www.tourism.australia.com/content/dam/assets/document/1/6/x/g/p/2002921.pdf">http://www.tourism.australia.com/content/dam/assets/document/1/6/x/g/p/2002921.pdf</a> </p>
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<p class="wp-block-cgb-text gutenberg-examples-align-none">For more about this news story please contact:<br/>Monica Appleby, Head of Corporate Communications on 0466 598 946 or <a rel="noreferrer noopener" href="mailto:mappleby@tyro.com?subject=Media enquiry" target="_blank" data-type="mailto">mappleby@tyro.com</a><br/>Sophie Cotterill, Corporate Communications Manager on 0414 960 292 or <a rel="noreferrer noopener" href="mailto:scotterill@tyro.com?subject=Media enquiry" target="_blank">scotterill@tyro.com </a></p>



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<p></p>
<p>The post <a href="https://www.tyro.com/about-tyro/media/tyro-first-australian-bank-integrate-alipay/">Tyro first Australian bank to integrate with Alipay</a> appeared first on <a href="https://www.tyro.com">Tyro</a>.</p>
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		<title>Appointment and resignation of Director</title>
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		<dc:creator><![CDATA[]]></dc:creator>
		<pubDate>Tue, 03 Jul 2018 08:01:49 +0000</pubDate>
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					<description><![CDATA[<p>The post <a href="https://www.tyro.com/about-tyro/media/appointment-and-resignation-of-director/">Appointment and resignation of Director</a> appeared first on <a href="https://www.tyro.com">Tyro</a>.</p>
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<p class="wp-block-cgb-text gutenberg-examples-align-none"> <br/><strong>Sydney, 3 July 2018</strong> – Tyro, Australia’s fast-growing business bank announced that David Fite is to join its Board of Directors with effect from 3 July 2018.<br/><br/>In announcing the appointment Tyro’s Chairman, Kerry Roxburgh, said<br/><br/>“<em>We are absolutely delighted to welcome David Fite to Tyro’s Board. David’s extensive financial sector experience both from his time as a senior banking executive, and as an active investor in fintech companies, brings a wealth of banking acumen and expertise to Tyro.</em>”<br/><br/>David has significant executive experience in the financial services sector both domestically and globally. He initially joined Westpac in 1994 as Treasurer and Assistant Chief Financial Officer and went on to run Westpac Financial Services, before serving as the Group Executive responsible for all retail and business banking product businesses in Australia, Westpac Financial Services and Australian Guarantee Corporation.<br/><br/>Subsequently, David joined Japan’s Shinsei Bank (formerly known as The Long-Term Credit Bank of Japan) in 2000 as its Senior Corporate Executive Officer, Chief Financial Officer and as a member of its Board. Prior to entering the financial services sector, David was a consultant at Bain &amp; Company in Boston and London focused on manufacturing and consumer products industries.<br/><br/>David is currently an active investor in various credit, financial services and technology businesses, and has been a shareholder in Tyro since 2008. He attended Harvard College, holds an MBA from Stanford University and is based in Sydney.<br/><br/> David Fite’s appointment coincides with Rob Ferguson’s decision to retire from the Tyro Board after 12 years during which time he variously served as a Non-executive Director, Chairman and recently acting over six months as Managing Director/CEO. In announcing this news Kerry Roxburgh said:<br/><br/>“<em>It is with sadness that I announce Rob Ferguson’s decision to retire from our Board. Rob has a been a much-valued Board colleague and an outstanding contributor over his 12 years at Tyro, most recently stepping in as acting CEO whilst we conducted the search that resulted in Robbie Cooke joining as CEO. The whole Tyro team has a deep respect for Rob and on behalf of us all, I thank Rob for his significant commitment and his thoughtful and very valued contribution at Tyro.</em>” </p>
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<p class="wp-block-cgb-text gutenberg-examples-align-none">For more about this news story please contact:<br/>Monica Appleby, Head of Corporate Communications on 0466 598 946 or <a rel="noreferrer noopener" href="mailto:mappleby@tyro.com?subject=Media enquiry" target="_blank" data-type="mailto">mappleby@tyro.com</a><br/>Sophie Cotterill, Corporate Communications Manager on 0414 960 292 or <a rel="noreferrer noopener" href="mailto:scotterill@tyro.com?subject=Media enquiry" target="_blank">scotterill@tyro.com </a></p>



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<p>The post <a href="https://www.tyro.com/about-tyro/media/appointment-and-resignation-of-director/">Appointment and resignation of Director</a> appeared first on <a href="https://www.tyro.com">Tyro</a>.</p>
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		<title>Tyro to develop one-stop POS and app integration for SMEs</title>
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		<pubDate>Mon, 14 May 2018 01:30:03 +0000</pubDate>
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<p class="wp-block-cgb-text gutenberg-examples-align-none"><em>Tyro platform to connect customer apps with POS systems and merchants to reduce admin for all<br/></em> <br/><strong>Sydney, Australia, 14 May 2018</strong> Tyro, Australia’s business-only bank, today announced a deal that will see it deliver an API platform designed to remove the complexities and expense of integrating multiple apps and Point of Sale (POS) systems by providing a single integration solution.<br/> <br/>Expanding on its deep experience in payments integration with point-of-sale, Tyro’s platform will sit at the centre of a network that seamlessly connects POS systems and apps. It will eliminate the need for POS players to build and maintain multiple integrations, and in doing so, they will benefit from significant cost savings, and an increased value proposition to their customers. For small and medium businesses, it will radically simplify how they on-board, manage and switch between the plethora of apps available to businesses and those that are increasingly being demanded by consumers.<br/> <br/>Initially focusing on the hospitality industry, Tyro has formed partnerships with six leading POS providers in the sector to develop and deliver a much-needed transformation to the connectivity between POS, apps and merchants. Central to the agreements is Tyro’s role as the exclusive app integrator and platform provider for these six POS providers in respect of certain integrations (including but not limited to delivery, ordering, reservation, data and analytics, logistics and workforce management apps). Tyro believes that this innovative ‘one-stop’ solution will encourage other POS providers to sign up alongside the Foundation partners, Bepoz, Fedelta, Idealpos, OrderMate, Redcat and SwiftPOS. Tyro already has a number of arrangements in place with app providers and is looking to significantly increase this number over the coming months, focusing on those that provide the best experience for merchants and their customers.<br/> <br/>As it stands today, consumers are ’loving’ the accessibility of order-ahead apps – they can order from anywhere to anywhere at their convenience, receive offers, discounts and loyalty points instantly, and save time. Meanwhile, merchants are weighed down, currently requiring the installation of multiple separate devices and plug-in points in order to service the range of different order-ahead, loyalty and booking apps their customers want to use. This causes clutter and mayhem at the front counter. At the end of the day, reconciliation of the orders generated from each separate app is a labour-intensive chore.<br/> <br/>Robbie Cooke, CEO of Tyro, said, “Merchants are increasingly interacting with their customers through order-ahead apps, loyalty and rewards apps and bookings apps, amongst others. While customers are loving how easy these apps are to use, the complexity of juggling multiple systems to accommodate different apps and POS systems is an onerous by-product of meeting customer expectations, not to mention the counter space all the devices occupy and the tangle of cables.<br/> <br/>“Tyro is uniquely positioned to solve this problem and streamline merchant processes with our POS partners. Currently, we directly integrate with more than 240 POS and PMS systems, more than any other bank in Australia, and we have the in-house technical capability to take a lead creating a broad ecosystem of POS software providers and apps.”<br/> <br/>Mr Cooke said the scaling potential for the platform is exciting and far-reaching. Merchants will not need to be payments or banking customers of Tyro to access the connectivity benefits of this initiative.<br/> <br/>Tyro is diversifying its offering and responding to merchants’ needs through innovative design and a single-minded focus on delivering a better business experience. The platform will extend our offerings outside our existing EFTPOS and banking space.”<br/> <br/>Tyro’s launch into app integration is another indication of its strong commitment to small and medium enterprises (SMEs) following the release of its industry-first least-cost routing product, Tap &amp; Save, and the launch of Flexible Settlements, which allows merchants to choose a daily settlement time to suit their business operations.[1]<br/> <br/>“In time, we intend to extend the platform to offer benefits to retail and health merchants, as well as other uses including staff management, analytics, loyalty, marketing, booking and inventory management. The platform will also enable us to consolidate and deliver insights gathered across multiple applications to help merchants run their businesses,” Mr Cooke added.<br/> <br/>Tyro plans to bring the platform to the hospitality sector during financial year 2019 and roll out across other sectors shortly thereafter.</p>



<h2 class="wp-block-heading"> <br>About Tyro </h2>



<p class="wp-block-cgb-text gutenberg-examples-align-none"> <br/>Tyro is an Australian Bank and operates under the supervision of the Australian Prudential Regulation Authority (APRA).<br/><br/>Tyro provides credit, debit and eftpos card acquiring, Medicare and private health fund claiming and rebating services as well as an interest bearing transaction and deposit account offering integration with Xero cloud accounting. Tyro takes money on deposit and offers unsecured cash-flow based lending to Australian EFTPOS merchants.<br/><br/>Tyro currently serves more than 20,000 customers with its own in-house, cloud-based mobile core banking platform.<br/><br/>For more information, visit <a href="https://www.tyro.com/">tyro.com</a> </p>



<p class="wp-block-cgb-text gutenberg-examples-align-none"> <br/> <br/> <br/><br/> <sup>[1]</sup>  Same day settlements are only available where settlement funds are deposited into the Tyro Bank Account. Applies to Tyro settled funds only (including American Express with Tyro Direct Settlement agreement) &#8211; excludes HealthPoint and funds settled directly by Afterpay, American Express, JCB and Diners Club.  </p>
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<p class="wp-block-cgb-text gutenberg-examples-align-none">For more about this news story please contact:<br/>Monica Appleby, Head of Corporate Communications on 0466 598 946 or <a rel="noreferrer noopener" href="mailto:mappleby@tyro.com?subject=Media enquiry" target="_blank" data-type="mailto">mappleby@tyro.com</a><br/>Sophie Cotterill, Corporate Communications Manager on 0414 960 292 or <a rel="noreferrer noopener" href="mailto:scotterill@tyro.com?subject=Media enquiry" target="_blank">scotterill@tyro.com </a></p>



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<p>The post <a href="https://www.tyro.com/about-tyro/media/tyro-develop-one-stop-pos-app-integration-smes/">Tyro to develop one-stop POS and app integration for SMEs</a> appeared first on <a href="https://www.tyro.com">Tyro</a>.</p>
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		<title>Tyro first-to-market ahead of government deadline on contactless payments</title>
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		<dc:creator><![CDATA[Mike Hagley]]></dc:creator>
		<pubDate>Mon, 12 Mar 2018 01:40:18 +0000</pubDate>
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<p class="wp-block-cgb-text gutenberg-examples-align-none"><strong>Sydney, Australia, 12 March 2018</strong> – Tyro, Australia’s business-only bank, today announced ‘Tap &amp; Save’, allowing merchants to save money by processing debit tap-and-go payments through the more economical eftpos network. Tap &amp; Save is a first-to-market initiative from Tyro offering least-cost routing to merchants that has launched well ahead of the 1 April 2018 deadline recommended by the House of Representatives Standing Committee on Economics.[1] Eligible new and existing merchants will be able to sign up to Tap &amp; Save from today.<br /> <br />Least-cost routing will afford Australian businesses the choice to automatically process multi-network debit (MND) contactless transactions to the least-cost payment network. Tyro’s Tap &amp; Save offering has the potential to generate substantial savings on acceptance costs for eligible scheme debit tap-and-go payments for businesses using Tyro terminals – cutting costs for small to medium enterprises (SMEs). Tyro merchants will save on average six per cent on their Merchant Services Fees (MSF) and the majority of Tyro merchants will save between 20-30 per cent on re-routed transactions. Savings will vary between merchants depending on a business’ card mix, transaction volume and amount, industry and pricing plan.<br /> <br />As the champion for SMEs, Tyro will price Tap &amp; Save transactions the same as eftpos transactions to bring the best value to Australian businesses. The company will also surrender some of its revenue to bring Tap &amp; Save to its merchants. With the interests of SMEs at its core, Tyro has deep, strategic relationships with its merchants and a heavy focus on designing innovative products and a better payments and banking experience for its customers so they can prosper.<br /> <br />According to eftpos, debit cards represent almost 70 per cent (67%) of all card transactions in Australia, or around six (5.6) billion transactions a year and growing rapidly. Of that, around 70 per cent (74%) of all debit cards, or 26 million, are MND cards, featuring both eftpos and international schemes.<br /> <br />Bronwyn Yam, Director of Product at Tyro, said, “Our aim is to remove the barriers from business success and we are thrilled to give our customers the opportunity to be the first businesses in Australia to benefit from Tap &amp; Save. As the first-mover in offering least-cost routing to merchants, it certainly gives our customers an advantage.”<br /> <br />“Tap &amp; Save has the potential to provide Tyro merchants with some relief from the expense of doing business. We constantly look at how we can make banking and payments easier and more cost effective for merchants. Tyro’s commitment to delivering value to customers with Tap &amp; Save even comes at the expense of our own bottom line.”<br /> <br />Tyro’s recently appointed CEO, Robbie Cooke, said he was looking forward to stepping into his new role and leading the Tyro team as it paves the way in the Australian business banking and payments space.<br /> <br />“I am excited to see Tyro take the lead once again by bringing least-cost routing to the Australian market before all the other banks. Tap &amp; Save is the perfect example of how Tyro is responding to the banking needs of SMEs,” he said.<br /> <br />The use of cash continues to decline and more Australian consumers are now in the habit of tapping their card when paying for purchases. During a typical week, consumers of all ages are using contactless cards more frequently than ever before. The Reserve Bank’s fourth triennial Consumer Payments Survey (CPS) revealed that over the three-year survey period to November 2016, contactless card payments had escalated three and a half times to represent two thirds of all in-person card payments.[2]<br /> <br />Currently in Australia, almost all MND tap-and-go card payments revert to the international credit card schemes, instead of the eftpos network. While the outcome is the same for the cardholder, the credit card schemes typically charge the merchant more than eftpos. As of September 2017, the Reserve Bank shows the average total merchant fee for a debit contactless transaction was 0.26 per cent with eftpos and 0.58 per cent with the international credit card schemes.<br /> <br />The launch of Tap &amp; Save represents Tyro’s first iteration of least-cost routing, with further enhancements to come in future months which are expected to deliver even more savings to a larger proportion of its customer base.</p>



<h2 class="wp-block-heading"> <br>About Tyro </h2>



<p class="wp-block-cgb-text gutenberg-examples-align-none"> <br />Tyro is an Australian Bank and operates under the supervision of the Australian Prudential Regulation Authority (APRA).<br /><br />Tyro provides credit, debit and eftpos card acquiring, Medicare and private health fund claiming and rebating services as well as an interest bearing transaction and deposit account offering integration with Xero cloud accounting. Tyro takes money on deposit and offers unsecured cash-flow based lending to Australian EFTPOS merchants.<br /><br />Tyro currently serves more than 20,000 customers with its own in-house, cloud-based mobile core banking platform.<br /><br />For more information, visit <a href="https://www.tyro.com/">tyro.com</a> </p>
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<p class="wp-block-cgb-text gutenberg-examples-align-none">[1] <a href="https://www.aph.gov.au/Parliamentary_Business/Committees/House/Economics/FourMajorBanksReview3/Report">Review of the Four Major Banks (Third Report), House of Representatives Standing Committee on Economics, December 2017</a><br />[2] <a href="https://www.rba.gov.au/publications/rdp/2017/pdf/rdp2017-04.pdf">How Australians Pay: Evidence from the 2016 Consumer Payments Survey – Mary-Alice Doyle, Chay Fisher, Ed Tellez and Anirudh Yadav</a></p>
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<h2 class="wp-block-heading"><strong>Need to know more?</strong></h2>



<p class="wp-block-cgb-text gutenberg-examples-align-none">For more about this news story please contact:<br/>Monica Appleby, Head of Corporate Communications on 0466 598 946 or <a rel="noreferrer noopener" href="mailto:mappleby@tyro.com?subject=Media enquiry" target="_blank" data-type="mailto">mappleby@tyro.com</a><br/>Sophie Cotterill, Corporate Communications Manager on 0414 960 292 or <a rel="noreferrer noopener" href="mailto:scotterill@tyro.com?subject=Media enquiry" target="_blank">scotterill@tyro.com </a></p>



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<p>The post <a href="https://www.tyro.com/about-tyro/media/tyro-first-market-ahead-government-deadline-contactless-payments/">Tyro first-to-market ahead of government deadline on contactless payments</a> appeared first on <a href="https://www.tyro.com">Tyro</a>.</p>
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		<title>Tyro appoints Robbie Cooke as Chief Executive Officer</title>
		<link>https://www.tyro.com/about-tyro/media/tyro-appoints-robbie-cooke-chief-executive-officer/</link>
		
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		<pubDate>Tue, 23 Jan 2018 01:46:32 +0000</pubDate>
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					<description><![CDATA[<p>The post <a href="https://www.tyro.com/about-tyro/media/tyro-appoints-robbie-cooke-chief-executive-officer/">Tyro appoints Robbie Cooke as Chief Executive Officer</a> appeared first on <a href="https://www.tyro.com">Tyro</a>.</p>
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<p class="wp-block-cgb-text gutenberg-examples-align-none"><strong>Sydney, Australia, 23 January 2018</strong> – Tyro, Australia’s fast-growing business bank, today announced the appointment of Robbie Cooke as its new CEO. It is expected that Robbie will join Tyro at the end of March 2018, upon conclusion of his current role with Tatts Group.<br/> <br/>For the past five years, Robbie has held the position of Managing Director and CEO of Tatts Group, a role which concluded upon the successful merger with Tabcorp in December 2017. Prior to that, he served first as COO, and then as Managing Director and CEO, of Wotif.com over a seven-year period. During that time, Wotif.com scaled up significantly, achieved a circa five-fold increase in profits and undertook a successful ASX listing.<br/> <br/>With his background and experience in Australian customer-centric and technology-driven businesses, the Board of Tyro considers Robbie the ideal person to lead the company through its next phase of growth and development.<br/> <br/>Tyro’s Chairman, Kerry Roxburgh, said, “After conducting an exhaustive local and international search, the Board is delighted to announce Robbie’s appointment. We believe he possesses all the skills and experience to lead Tyro into a new and ground-breaking chapter.”<br/> <br/>Robbie will succeed Acting Managing Director, Rob Ferguson, who since June last year has been instrumental in bringing together the highly talented executive team at Tyro.<br/> <br/>In his role as CEO, Robbie will continue to drive Tyro’s strategy of providing frictionless banking and access to lending for Australia’s under-served Small &amp; Medium Enterprises (SMEs). Tyro’s highly developed in-house engineering capability places it at the forefront of banking and payment innovation. Tyro uses disruptive technology and agile methodologies to design innovative products together with a better payments and banking experience for its customers.<br/> <br/>Tyro’s growth and achievements to date have been significant. Currently, Tyro serves more than 20,000 SMEs with its own in-house, cloud-based mobile core banking platform. In FY17, Tyro processed more than $10 billion in payment transactions generating $121 million in revenue, reflecting 26% growth, year on year. Over the past five years, Tyro’s Compound Annual Growth Rate is 34%. As the holder of an unrestricted Australian banking licence, Tyro has in excess of $100 million in capital and reserves.<br/> <br/>Robbie Cooke said, <em>“I am very excited to be joining the Tyro team and look forward to continuing Tyro’s unique focus on serving the banking needs of Australia’s small and medium businesses.”</em><br/> <br/><em>“I believe Tyro is very well positioned with its proven track record and custom-built technology platform to better respond to the banking needs of Australia’s SMEs which are the backbone of our economy.”</em><br/> <br/><em>“I am really looking forward to leading the Tyro team through the next exciting stage of its journey and building on its energetic and innovative spirit. As a business bank providing fair, transparent and smart banking solutions in a truly customer-centric way, we have a real opportunity to build on the successes Tyro has achieved to date,”</em> he said.</p>



<h3 class="wp-block-heading"> <br>About Tyro </h3>



<p class="wp-block-cgb-text gutenberg-examples-align-none"> <br/>Tyro is an Australian Bank and operates under the supervision of the Australian Prudential Regulation Authority (APRA).<br/><br/>Tyro provides credit, debit and EFTPOS card acquiring, Medicare and private health fund claiming and rebating services as well as an interest bearing transaction and deposit account offering integration with Xero cloud accounting. Tyro takes money on deposit and offers unsecured cash-flow based lending to Australian EFTPOS merchants.<br/><br/>Tyro currently serves more than 20,000 SMEs with its own in-house, cloud-based mobile core banking platform.<br/><br/>For more information, visit <a href="https://www.tyro.com/">www.tyro.com</a>. </p>
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<h2 class="wp-block-heading"><strong>Need to know more?</strong></h2>



<p class="wp-block-cgb-text gutenberg-examples-align-none">For more about this news story please contact:<br/>Monica Appleby, Head of Corporate Communications on 0466 598 946 or <a rel="noreferrer noopener" href="mailto:mappleby@tyro.com?subject=Media enquiry" target="_blank" data-type="mailto">mappleby@tyro.com</a><br/>Sophie Cotterill, Corporate Communications Manager on 0414 960 292 or <a rel="noreferrer noopener" href="mailto:scotterill@tyro.com?subject=Media enquiry" target="_blank">scotterill@tyro.com </a></p>



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<p></p>
<p>The post <a href="https://www.tyro.com/about-tyro/media/tyro-appoints-robbie-cooke-chief-executive-officer/">Tyro appoints Robbie Cooke as Chief Executive Officer</a> appeared first on <a href="https://www.tyro.com">Tyro</a>.</p>
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