Thursday, 03 September 2020 11:50

Fintech provider DataMesh signs deal with retailer Peregrine

DataMesh software on different terminals. DataMesh software on different terminals. Courtesy DataMesh

Financial payment systems and software solutions provider DataMesh Group has signed a long-term deal with big Australian retailer Peregrine Corporation.

A statement from DataMesh said Peregrine would use its financial payments products for fuel, retail and convenience businesses — operating as On The Run — which include Krispy Kreme SA, Subway, Oporto and Brumby's.

The same DataMesh products will be used by Peregrine's Smokemart & GiftBox stores, the largest local privately-owned retail tobacco offering.

DataMesh customers are not tied to any particular hardware and the company's software helps to resolve issues around payments technology and compliance issues for big retailers.

The company's software can also interface with payments instruments used by Chinese providers.

DataMesh chief executive Mark Nagy said: “We are thrilled to announce this significant contract with Peregrine Corporation for our payments and analytics technology. Partnering with such a significant retailer is real validation that we, even as an early stage company, have been able to solve pressing business issues faced by large merchants, such as lack of POS integration, hardware of choice, and real-time connectivity to multiple acquirers – something that banks and other payments providers haven’t been able to do.

“Peregrine selected the new Microsoft Dynamics 365 POS platform, which gives the company an opportunity to develop a very rich point-of-sale experience to meet the growing needs of the group. DataMesh was the only Australian company able to deliver a reliable connection to the system, and our new Cloud POS APIs have proven their value as they enable us to deliver Peregrine a true 360 degree view of their customers across all channels. The traditional legacy methods of connecting an eftpos terminal to this system were not working for Peregrine."

Peregrine executive chairman Yasser Shahin said: “Peregrine Corporation is very pleased to partner with DataMesh Group. As one of Australia’s largest retailers and private companies, we see their payments and data analytics solutions as an answer to some of the limitations and frustrations we have had in our payments systems up until now.

“In particular, we see DataMesh’s technology able to improve our payments reliability by shielding us from the impact of any bank or telecommunications outages. It is better, lower cost technology than is on offer elsewhere and we see it greatly improving our business operations, customer interactions and efficiency.”

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Sam Varghese

Sam Varghese has been writing for iTWire since 2006, a year after the site came into existence. For nearly a decade thereafter, he wrote mostly about free and open source software, based on his own use of this genre of software. Since May 2016, he has been writing across many areas of technology. He has been a journalist for nearly 40 years in India (Indian Express and Deccan Herald), the UAE (Khaleej Times) and Australia (Daily Commercial News (now defunct) and The Age). His personal blog is titled Irregular Expression.

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