Business
Tyro CEO ‘will need to rebuild trust’ after outage – The Australian Financial Review
Tyro says it may incur $15 million in compensation costs to merchants whose payments terminals went out in January, but churn and new applications are at normal…
Tyro said it may face a remediation cost around $15 million and it is understood the company is exploring the potential of using its own insurance coverage to meet the claims. It has already incurred costs of $3 million, including collecting the bricked terminals from merchants for the required software update.
Tyro shares surged 11 per cent to $3.03 in late afternoon trading on Monday, still 8 per cent below the level when the problem struck on the night of January 5, triggering a major incident…
-
Noosa News23 hours agoBondi Beach terror attack: Police investigate threat against Westfield North Lakes in Queensland
-
Noosa News24 hours agoBrand update as firm marks 25 years – Proctor
-
General23 hours agoGold, iron ore and population swell big state’s coffers
-
General22 hours agoPALM farm worker sentenced to eight years’ jail for raping teenager near Arrawarra