eftpos hosts FinTech collaboration at Intersekt
This month eftpos hosted one of its recent FinTech collaborations at Intersekt, courtesy of FinTech Australia.
The Intersekt conference in Melbourne is the leading, most thought provoking gathering of Australian FinTechs, hubs, accelerators, policymakers, regulators, investors and advisors, devoted to examining, discussing and unlocking the potential of Australia’s FinTech market.
Key discussions amongst members of the eftpos Fintech Advisory Committee included recommendations on how FinTech’s can access and leverage the eftpos payments network for the betterment of Australia’s digital economy alongside other recommendations.
As with previous issues papers published by the Senate Select Committee on Australia as a Technology and Financial Centre, eftpos will respond to the upcoming third issues paper, which is also looking into ways for the FinTech community to gain greater access to the real time payments system.
During the conference, eftpos’ CIO Ben Tabell took to the stage with Verrency to talk about their partnership, using the eftpos API program for a card-linked offers loyalty solution that provides meaningful value for millions of eftpos enabled cardholders.
The Verrency solution enables loyalty program providers to give cardholders rewards and discounts for making eftpos transactions on around 51 million Australian eftpos-enabled proprietary, multi-network debit and multi-network credit cards at participating merchants.
The eftpos public API program represents a great opportunity for Australian FinTechs to innovate on the eftpos network, with access to hundreds of thousands of merchants across the country.