Debit card system provider eftpos collaborated with FinTech Australia to deliver a report recommending how Australian fintechs can get the most out of eftpos’s digital roadmap and API programs – and work in partnership for improvement of the Australian digital economy.
The report presents 10 recommendations from representatives of ten major FinTech companies as well as eftpos, who developed a set of recommendations to streamline access to the eftpos network and to “protect Australia’s national card payment infrastructure in order to achieve the competition, innovation and productivity sought by the Australian. FinTech community ”.
Ben Tabell, chief information officer and eftpos committee chairman, said the committee provided invaluable insight and feedback at a time when the company was rapidly expanding in the digital space.
“Giving Australian FinTechs a direct way to discuss how they partner and collaborate to access the eftpos payments network through the committee resulted in recommendations that covered a number of core themes, including consultation and engagement, regulation, technology and solutions, ”said Tabell.
“Through our continued collaboration, we hope that eftpos can build on its efforts to make it easier for Australian FinTechs to access the eftpos network and our products and services, in order to create their own businesses and payment experiences that can operate on a wide range of connected networks. devices in the digital economy.
“FinTechs are a dynamic and growing sector of our economy, and of critical importance in the payments space. eftpos is proud to be a market leader in developing digital payment solutions in collaboration with Australian FinTechs, with an example of our loyalty solution with card-related offers with Verrency, ”added Tabell.
Paypa Plane CEO and President of FinTech Australia, Simone Joyce, said eftpos’s FinTech Advisory Board has enabled productive, honest and fruitful discussions, resulting in a series of insightful recommendations.
“It was inspiring to see representatives from the Fintech community coming together on eftpos’s Fintech Advisory Board with a set of common goals in mind – including supporting a digital future for payments systems and creating an environment of accessible, competitive and collaborative innovation. “said Joyce.
eftpos says the report’s recommendations included continuing the committee for an additional 12 months to deepen relationships and the exchange of ideas, closer engagement in drafting new eftpos rules for traditional treatment and new eftpos businesses, and exploring options to streamline sponsorship agreements to allow better access for FinTechs.
Additional recommendations in the report include exploring existing and emerging technologies to create new payment experiences initiated by digitized mobile, establishing dedicated eftpos relationship managers for FinTech partners, and consulting with the committee on future planning. API eftpos strategy and eftpos board regarding key recommendations.
The following top ten FinTech companies joined eftpos’s FinTech Advisory Board, which met for five months and whose collective contributions helped create the initial report.
- Assembly payments
- Paypa Plane
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