• Contact
  • Feedback
Banking Day
Stay Ahead. Stay Informed.
Concise. Candid. Provocative.
Get the daily banking news that matters
Banking Day – Your trusted source for independent financial insights.
Subscribe Now
  • News
  • Topics
    • All Topics
    • Briefs
    • Major Banks
    • Authorised deposit-taking institutions
    • Insurance, funds and super
    • Payments, mobile & wallets
    • Consumer lending
    • Mortgages
    • Business lending
    • Finance regulation
    • Debt capital markets
    • Ratings agencies
    • Equity capital markets
    • Professional services
    • Work & career
    • Foreign news
    • Other topics
  • Free Trial
  • Subscribe
  • Resources
    • Industry events
  • About us
    • About Banking Day
    • Advertise
    • Feedback
    • Contact Banking Day
  • Search
  • Login
  • My account
    • Account settings
    • User Admin
    • Logout

Login or request a free trial

HP tackles switching

05 May 2010 4:43PM
HP will tackle Australia's increasingly crowded market for the supply of switching services to banks, with plans to introduce the service next year.Dee McGrath, director, secured and unsecured lending, for HP Enterprise Services mentioned this plan at a FST Media conference in Melbourne yesterday on the future of payments. McGrath later confirmed the plan to Banking Day.  She said HP "have slated on our roadmap software for switching in 2011 … we'll be deploying in 2011".McGrath would not identify the switching solution selected by HP.HP, then trading as EDS, helped establish a cards and payments utility in 2007 targeting bank clients in Australia, New Zealand and Asia. McGrath likened the introduction of a switching service for the utility as a "bookend for our foundation capability".She said the switch will give HP "the POS end of it, point of sale switching [and] device driving capability".Woolworths, Strategic Payments Services (now owned by MasterCard) and MoneySwitch (trading as Tyro Payments) have all invested in new switching capability over the last five years.Others, including Coles and most of the big banks, are also looking at upgrading platforms that are at their end of life.

I'm a returning subscriber

*
Password reset *
Login

Request a free trial

  • Emailing you the news at 7am.
  • Covering core lending and funding issues, strategy, payments, regulation, risk management, IT, marketing and more.
  • Original news and summaries of major stories from other media – ditch your newspaper subscriptions.
  • Focused on banking and finance, saving you the time spent wading through newspapers and other services.
  • With reporting from former editors and senior writers from the AFR and The Australian.
  • Configured for your phone, laptop and PC.
Free trial Banking Day
Stay Ahead. Stay Informed.
Concise. Candid. Provocative.
Get the daily banking news that matters
Banking Day – Your trusted source for independent financial insights.
Subscribe Now

Consumer lending

  • Latitude, Harvey Norman liable for interest free GO card con

Copyright © WorkDay Media 2003-2025.

Banking Day is a WorkDay Media publication

WorkDay Media Unit Trust

  • Privacy policy
  • Terms of access and use