Australia’s eftpos ends 2017 stronger than we started it

By Paul Jennings, eftpos Acting CEO

 

As the year comes to a close, I wanted to thank you for your support of eftpos in 2017 and wish you all the best for the holiday season on behalf of the eftpos team.

With your help we have achieved some very significant milestones this year that will help us compete in new areas and add value for our Members, merchants and consumers.

Our Members have now rolled out eftpos Tap & Pay chip capability on more than 23 million multi-network debit cards and more than 2 million eftpos-only cards.

They have also added eftpos Tap & Pay capability to their terminal fleets, now covering about 90 per cent of terminals in the market, with the rest to follow shortly.

We’ve now connected 13 Direct Connectors to the eftpos Hub, and a further 5 ATM connectors, and we are seeing an average of about 5 million transactions a day.

The Hub has also given us the ability to build new services.

In 2017, we’ve launched:

  • The eftpos TSP – offering secure digital payments on mobile,
  • The eftpos Settlement Service that enables the centralised settlement of CHQ and SAV transactions processed via the eftpos Hub,
  • The eftpos Disputes and Chargebacks service, and
  • eftpos mobile payments with Android Pay and Apple Pay, with a number of Issuers and a lot more to follow next year.

The progress we’ve made with our Members and partners in 2017 will help us compete in mobile, in contactless and in new areas of the payments value chain.

There’s no question 2018 will be another pivotal year for eftpos. Our focus will be to build on our achievements and launch more products with more Members, while also continuing to grow our capability in areas such as unattended, card not present and In App.

I look forward to working with you again next year.  In the meantime, have a great holiday with your family and friends.