A senior official from Mastercard Australasia says it is misleading to compare costs of schemes that process card present, card not present and international debit transactions with a domestic-only debit scheme, namely eftpos, that, at this stage, processes very few card not present transactions.
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.
Financial payment systems and software solutions provider DataMesh Group has announced it has created new technology that will automatically apply least cost routing inside Australia's debit card system.
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