EFTPOS provider Tyro has launched a new service called Tap & Save that promises savings for general and allied health practices and pharmacies on merchant fees for tap-and-go transactions by routing them through the eftpos network.
The Reserve Bank of Australia last year recommended that banks like Tyro provide merchants with what is called least-cost routing functionality, with the eftpos network noticeably cheaper rather than the debit systems used by MasterCard and Visa. About two-thirds of all in-person card payments are now “contactless”, or tap and go.
