Jost Stollmann, the CEO of Tyro (fast broadband eftpos), wrote to software companies which integrate their software with the Tyro eftpos solution about the recent reports of fraud using eftpos terminals. I publish Jost’s note here in full as it provides excellent information of value to newsagents.
Tyro is better than a bank terminal since it is integrated with newsagent software. You don’t have to key in the transaction value. Approvals are processed in under two seconds usually. As Jost notes, security is considerably enhanced over the old technology terminals you probably have today:
In recent press you may have seen headlines alerting Australians of a card payment scam that was discovered in a West Australian multinational fast-food restaurant chain. Something like 3,500 customers seem to have been defrauded by $4 million. What about your merchants? Are they exposed without knowing?
This is a check list for their peace of mind that I sent them:
1. Have your acquirer guarantee that his terminals are PCI PED and EMV 4.0 certified! All Tyro terminals are. They are the newest generation protected against eavesdropping, tampering or message forgery. All sensitive information is protected, and instantly erased if the terminal is tampered with.
2. Have your acquirer guarantee that no card holder data passes on to any PC, for instance residing in memory in the clear! With Tyro’s integration technology, no card or PIN data is ever passed on. It never reaches your Point of Sale (POS) software. Therefore, even if malicious data capture software was to be loaded onto your POS, it would not be possible to capture, store or transmit confidential card data.
3. Have your acquirer guarantee that card holder data is never transmitted in the clear! With Tyro’s technology, any transmission occurs only encrypted through an-end-to-end secured connection between our PCI PED certified terminal and our PCI DSS compliant switch, and it is using totally safely the public internet.
Sorry, if this sounds a little like bragging on about ourselves, but we are dead serious. The reality is that most EFTPOS terminals transmit card data in the clear. Integrated EFTPOS solutions hold card data in memory in the clear. We think it is most important to protect merchants and card holders against the increasingly sophisticated fraud industry. It is also important to maintain the consumers trust in the card payment industry.
Tyro is the only new entrant into the Australian payment industry. We are leading the industry in security. So, if you want to protect your merchants and their customers from card data security breach, possible scheme fines and potentially catastrophic reputation damage to their business and to the industry, recommend Tyro to them. If you are not yet integrated with us, what are you waiting for. If you are help us spread the word and recommend us to your customers. Thank you for your consideration.
Tyro is integarted with newsagency software from Tower Systems and POS Solutions. Over 300 newsagents have switched from old technology slow bank terminals to Tyro. They are saving time, cutting mistakes and saving money – in addition to enjoying better security.
Disclosure: Tower Systems receives a small clip from trabsactions through Tyro, this funds support and link development.
We are trialling new signage from ACP for their Women’s Weekly Cookbooks. While I like the look, I was concerned that it may block sightlines to aisles behind the cookbooks, as seen from the counter. Now that it is in place, I don’t see this as much of a concern.
