Thursday, 02 November 2017 12:35

Adyen joins eftpos, offering Aussie merchants more POS choice

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Adyen says it is "the payments platform choice for the world's leading companies", with this platform choosing to add eftpos, giving merchants and their customers more payment choices.

eftpos today announced Adyen "had completed its connection to the eftpos payments network and could now offer Australian merchants the ability to accept eftpos CHQ and SAV transactions at Point of Sale (POS)".

eftpos acting chief executive Paul Jennings noted Adyen was "leveraging the eftpos Hub’s payment processing and settlement capabilities to offer cost efficient, real time eftpos CHQ and SAV transactions to merchants and consumers at POS and, when available, it would also offer eftpos payments on digital channels".

He said: “Adyen provides a global payments solution and it’s important that eftpos CHQ and SAV transactions, as the most widely used debit network in this country, are now available to Adyen’s merchant customers in Australia."

Now, if you think that Adyen joined as a member of eftpos recently, it actually did so back in 2015 "with a view to launching eftpos acquiring services and competing in the Australian market".

It is now November 2017, so it has taken some time, but Michel van Aalten, Adyen country manager of Australia and New Zealand, said that as "a leader in unified commerce, Adyen was delighted to work with eftpos to offer merchants a full range of local cards for point of sale systems in Australia".

Van Aalten added: “The expanded partnership will enable Australian businesses to offer more payment options. By tapping on the same processing platform, fast-growing Australian merchants can also ensure customers enjoy a consistent experience globally."

The eftpos system, famously known for asking consumers to press the CHQ or SAV buttons on payment terminals, "is the most widely used debit card system in Australia, accounting for around two billion CHQ and SAV transactions in 2017 worth $130 billion".

Adyen states it "delivers frictionless payments across online, mobile, and in-store", serving "more than 4500 businesses, including 8 of the 10 largest US Internet companies" globally, including massively well known brands such as "Facebook, Uber, Netflix, Spotify, L'Oreal, MJ Bale, Freelancer, Kogan.com" and many others.


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Alex Zaharov-Reutt

Alex Zaharov-Reutt is iTWire's Technology Editor is one of Australia’s best-known technology journalists and consumer tech experts, Alex has appeared in his capacity as technology expert on all of Australia’s free-to-air and pay TV networks on all the major news and current affairs programs, on commercial and public radio, and technology, lifestyle and reality TV shows. Visit Alex at Twitter here.

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