- Tyro Payments enables in-person, contactless payments for its users.
- The new functionality is made possible courtesy of an integration between Apple’s Tap to Pay on iPhone and Tyro BYO App.
- Tyro Payments made its Finovate debut at FinovateSpring 2017.
Australia-based Tyro Payments announced today that its customers in-country can now accept in-person, contactless payments. Courtesy of the new Tyro BYO App, the company’s customers will be able to seamlessly and securely take advantage of Apple’s Tap to Pay on iPhone contactless payment acceptance technology.
“Tap to Pay on iPhone is a fantastic simple and secure way for new or existing Tyro customers to accept payments using only their iPhone, anytime, anywhere – without the need for additional hardware,” Tyro CEO Jon Davey said. “We are excited to provide this new offering to our customers, providing greater flexibility when staff are working on-site or on the move.”
Tap to Pay on iPhone only requires an iPhone and the Tyro BYO app in order to accept contactless payments. These payment options include Apple Pay, contactless credit and debit cards, as well as other digital wallets. To use Tap to Pay on iPhone, users simply need to hold their Apple mobile device (iPhone or Apple Watch) near the merchant’s iPhone. Payments are completed securely using NFC technology. PIN entry, with multiple accessibility options, is also available. Tap to Pay on iPhone users also benefit from Apple’s commitment to privacy and security insofar as Apple does not store card numbers on the mobile device nor on its servers.
Founded in 2003 and headquartered in Sydney, Australia, Tyro Payments made its Finovate debut at FinovateSpring in 2017. At the event, the firm demoed its first lending product, Smart Growth Funding. This offering became the first lending solution released by an Australian challenger bank. In the years since then, Tyro has grown into a leading paytech with more than 600 employees; more than 66,000 customers; and more than $150 billion in transactions since inception. Going public in 2019, the company celebrated its 20th year in operation in February.
“From Australia’s largest EFTPOS provider outside the big four to streamlined business lending and banking products, I’m proud of how Tyro is powering the future of payments and business, both now and into the future,” Davey said.