Tyro (ASX:TYR) on notice for illegal acts

Tyro Payments Ltd (ASX: TYR) has accepted a 2-year court-enforceable undertaking to remedy breaches of the Spam Act.

An Australian Communications and Media Authority (ACMA) discovered the fintech illegally sent more than 150,000 spam email and text messages in the last 2 years.

The communications breached the law because they didn’t include an unsubscribe function.

ACMA deputy chair Creina Chapman said the entire finance sector is on notice after Tyro’s breach.

“Australians should not receive marketing messages they haven’t consented to, and they must be able to easily withdraw their consent when they choose,” she said.

“The Spam Act has been in place for 17 years and provides important protections to consumers.”

The…