October 17, 2020

Bendigo Bank signs deal for Tyro to be lone business services provider

Bendigo Bank signs deal for Tyro to be lone business services provider


Bendigo Bank has signed a deal with ASX-listed payments solutions provider Tyro Payments making the latter the exclusive merchant acquiring partner for its business banking customers.

A statement from the bank said existing merchant acquiring services were delivered through third parties who provided various hardware and software components. The new partnership would cut the number of partners from seven to one.

The new service will have its own brand — Bendigo Bank EFTPOS/eCommerce powered by Tyro — and will mean the bank can offer all Tyro’s products to its business customers.

A bank spokesperson told iTWire that these services included:

  • best in class business software integration, including to Cloud POS systems;
  • support for Alipay, with ZipPay coming soon;
  • best in class least cost routing;
  • access to data insights via an app and online portal;
  • still with next day settlement to a Bendigo Bank account that features NPP and ApplePay.

The new arranegment is expected to be progressively deployed to Bendigo Bank merchants from the first half of 2021.

Tyro will also establish a new Bendigo-based presence which will add to the level of technical expertise in regional Australia.

Bruce Speirs, executive, Business Banking, Bendigo Bank, said: “In line with our group strategy to invest in capability and reduce complexity, we are reshaping our Merchant Services offering to help customers better run their businesses and further improve the market-leading customer experience we provide.

“Our new partnership with Tyro is an exciting development and I look forward to working with the new team to simplify our product offering and provide enhanced capability which will allow the bank to further improve the support for our business banking customers.

Tyro chief executive and managing director Robbie Cooke said: “Partnering with Bendigo Bank will see Tyro’s leading proprietary payments platform made available to its current and future merchant customers – giving them access to more features, more payment options and seamless integrations to more than 300 point-of-sale systems.

“Tyro will deploy its payments expertise to Bendigo Bank’s business customers, with Bendigo Bank continuing to provide all other banking services to these customers under a long-term, collaborative and strategic partnering commitment.

“This is a great example of two customer-focused Australian organisations coming together to provide better solutions for Australian businesses through a partnering of capability and expertise.”

Now’s the Time for 400G Migration

The optical fibre community is anxiously awaiting the benefits that 400G capacity per wavelength will bring to existing and future fibre optic networks.

Nearly every business wants to leverage the latest in digital offerings to remain competitive in their respective markets and to provide support for fast and ever-increasing demands for data capacity. 400G is the answer.

Initial challenges are associated with supporting such project and upgrades to fulfil the promise of higher-capacity transport.

The foundation of optical networking infrastructure includes coherent optical transceivers and digital signal processing (DSP), mux/demux, ROADM, and optical amplifiers, all of which must be able to support 400G capacity.

With today’s proprietary power-hungry and high cost transceivers and DSP, how is migration to 400G networks going to be a viable option?

PacketLight’s next-generation standardised solutions may be the answer. Click below to read the full article.


CLICK HERE!

WEBINAR PROMOTION ON ITWIRE: It’s all about webinars


These days our customers Advertising & Marketing campaigns are mainly focussed on webinars.

If you wish to promote a Webinar we recommend at least a 2 week campaign prior to your event.

The iTWire campaign will include extensive adverts on our News Site itwire.com and prominent Newsletter promotion https://www.itwire.com/itwire-update.html and Promotional News & Editorial.

This coupled with the new capabilities 5G brings opens up huge opportunities for both network operators and enterprise organisations.

We have a Webinar Business Booster Pack and other supportive programs.

We look forward to discussing your campaign goals with you.


MORE INFO HERE!



Click Here to Read Original Story

Leave a Reply

Your email address will not be published. Required fields are marked *