(13 March 2018 – Australia) Tyro today announced the launch of ‘Tap & Save’, offering least-cost routing to Australian merchants through the eftpos network.
Tap & Save is a first-to-market initiative allowing merchants to save money by processing debit tap and go payments through the more economical eftpos system. Tap & Save transactions will be priced the same as eftpos transactions.
Least-cost routing will offer businesses the choice to automatically process multi-network debit contactless transactions to the least-cost payment network rather than reverting to the international credit card schemes which typically charge merchants more.