(28 November 2006 – Australia) Strategic Payment Services (SPS), a recently established payments processing business, has announced it is on track to have its new electronic funds transfer (EFT) payments processing platform fully operational before the end of the year.SPS was founded by Bendigo Bank, Customers Limited and MasterCard to deliver innovative and cost effective payment processing services to the Australian and regional markets.
SPS chief executive officer, Adrian Cosenza, said that SPS had successfully reached a number of milestones over recent weeks putting the company in a strong position to deliver new payment solutions to the Australian market.
He said the company had completed the testing of its new EFT platform on schedule, enabling it to start transferring ATMs to the new system early in 2007.
Cosenza said SPS had plans to launch an EFTPOS platform, with piloting due to take place early in the new year.