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New eftpos payments hub goes live

01 October 2014 4:45PM
The new eftpos payments hub is "now live, with a number of financial institutions and processing transactions" from today, the payments scheme has announced Bendigo and Adelaide Bank, ING Direct, Suncorp Bank and Strategic Payments Services are already connected to the hub, with ANZ to follow before the end of the year, eftpos said All members are due to be connected to the hub by September next year. Technology supplier FIS built the centralised payments hub that will supersede the 30 year old bilateral network. eftpos managing director Bruce Mansfield said in a statement that the new infrastructure would allow eftpos to bring new products and services to market faster. These include contactless, online and mobile payments.

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