Talk:Tyro Payments

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Added this page because the same content was removed from the 'Tyro' page as spam, which it is not. Tyro is an important and fast-growing financial institution in Australia.

• Looks good, too. I've withdrawn the speedy nomination. --PMDrive1061 04:19, 4 October 2007 (UTC)

Is it possible for someone to update this page with extra information and the name of the current CEO of Tyro Payments (Jost Stollmann)? — Preceding unsigned comment added by Ethaper11 (talk • contribs) 07:24, 29 April 2014 (UTC)

Notability?

The question of notability was raised by an editor: Tyro is one of the leading fintechs in Australia and has raised $100m in equity investment. It has been around for over 10 years and employs over 300 people. I feel this clearly makes the hurdle. Please add other comments here. — Preceding unsigned comment added by New but motivated (talk • contribs) 02:27, 23 October 2016 (UTC)

• added loads of new references to address this. incl. government sources etc. RogerM1975 (talk) 20:34, 1 November 2016 (UTC)

2018 Tyro Updates

Hi, I've got a series of updates I'd like to propose for Tyro Payments. Have broken them down into sections below for review. It's a mix of updated financial year reporting, product updates, staff updates & new written content in terms of company positioning. Much of the content has overlap with what is already written. Disclosure - I am a paid employee of Tyro.

Infobox additions

Key people Robbie Cooke (Chief Executive Officer)

Products Merchant acquiring, business bank account, business loans

(Editor note - proposed to replace existing - Merchant acquiring, Deposits, Cashflow lending)

Revenue $148.3m in FY18

Introduction

Tyro is an Australian Bank and operates under the supervision of the Australian Prudential Regulation Authority (APRA).

Tyro provides credit, debit and eftpos card acquiring, Medicare and private health fund claiming and rebating services, as well as an interest-bearing transaction and deposit account offering integration with Xero accounting software. Tyro takes money on deposit and offers unsecured cashflow-based lending to Tyro EFTPOS merchants.

Tyro currently serves more than 20,000 businesses with its own in-house, cloud-based mobile core banking platform.

History

Tyro was founded in 2003 by Peter Haig, Andrew Rothwell and Paul Wood as MoneySwitch Ltd. Tyro was the first new entrant into the Australian EFTPOS business since 1996. It was the second company in Australia to be granted a Specialist Credit Card Institution (SCCI) licence after GE Capital.

In 2015, Tyro was granted a full banking licence by the Australian Prudential Regulation Authority (APRA), allowing it to accept deposits and to advance money to Australian businesses. i.e. became an "Authorised Deposit taking Institution (ADI)".

Growth

In 2012, Tyro exceeded $3.5b of card transaction volume.

On 1 March 2016, Tyro completed an equity capital raising of $100,127,532.00 at a price per share of $1.0361 led by Tiger Global, TDM Asset Management, and Atlassian co-founder Mike Cannon-Brookes.

In Financial Year 2016, Tyro processed $8.6b in payments, a growth of 26% compared to the prior year.

In Financial Year 2017, Tyro processed $10.6b in payments, a growth rate of 23%, and generated revenue of $120.6m, a growth of 26%. Tyro's employee base grew by 25% to 371 people.

In Financial Year 2018, Tyro processed $13.4 billion in payments, a growth rate of 26%, and generated revenue of $148.3m, a growth of 23%.

Strategy

Tyro is shaking up the business banking world, with smart financial technology designed specifically for small and medium enterprises (SMEs). As Australia’s business-only bank, Tyro ensures the interests of its SMEs remain core to everything it does.

At the heart of the organisation is Tyro's mission: Use technology to empower Australian SMEs to create their version of success.

(Editor note - open to how this is integrated. I understand its a lot closer to a mission statement than a neutral report on past strategy.)

Innovation

Tyro has its own software allowing it to integrate with its 240+ POS/PMS partners directly, without the need for third party middleware.

In February 2017, Tyro became the first bank to implement payments via Siri.

In March 2018, Tyro became the first bank to launch least-cost routing via their Tap & Save feature.

In August 2018, Tyro announced they would be the first bank to launch Alipay.

New CEO

Only after a minor correction in this section. Existing copy states 'managing director' only.

Cooke was formerly Managing Director and CEO of Tatts Group.

Awards

Tyro has been awarded "Deloitte Technology Fast 50 Australia" in 2012, 2013, and 2014; "Deloitte Technology Fast 500 Asia Pacific" in 2012, 2013, 2014, and 2015; "BRW Fast 100" in 2010, 2011, 2012, and 2013.

In 2016 Tyro was named number 43 in the Fintech100 Leading Global Fintech Innovators (a collaboration between H2 Ventures and KPMG). Also in 2016, Tyro's founders received a Hall of Fame Award in the "2016 NSW Pearcey Tech Entrepreneur of the Year Awards”.

In 2017, Tyro was awarded double gold for the Tyro App at the DRIVENxDESIGN 2017 Tech Design Awards (for the FinTech and Future of Work categories), and was a finalist in the FinTech Innovation in Lending at the FinTECH Awards 2017.

In 2018, Tyro was winner of Best Payment Services Bank at the Australian Business Banking Awards 2018 and was a Finalist of Best Banking Innovation at finder Awards 2018.

Board of directors

Kerry Roxburgh, Non-Executive Chairman; Chairman of Eclipx and Director of Ramsay Health

Mike Cannon-Brookes, Co-Founder and CEO of Atlassian

Catherine Harris, chair of Harris Farm Markets

Paul Rickard, former Executive General Manager Payments & Business Technology and CIO for Premium Business Services at Commonwealth Bank

David Fite, former Treasurer, Assistant Chief Financial Officer and Group Executive at Westpac Banking Corporation

David Thodey, AO, former CEO of Telstra, will join the Tyro Board in November 2018.

Jost Stollmann, founder and CEO of CompuNet AG, CEO of GE Capital IT Systems, Europe and Tyro CEO from 2004-2016 - left the Board in December 2017.

Rob Ferguson, former CEO of Bankers Trust and Acting CEO of Tyro from June 2017 - March 2018, left the Board in July 2018.

(editor note - if the citation of tyro.com/our-team/ is not sufficient there are news reports to back up the announcements of board member changes as well as the Annual Report documents.)

--- Hayden (talk) 05:26, 1 November 2018 (UTC)

References

Reply 31-OCT-2018

  Unable to review edit request  

• The reference style predominantly used by the article is bare links, and that should be the style which references are added as, per WP:CITEVAR. The references you have provided are formatted as Citation Style 1. Adding citations styled in this way can be done, but that would require a change to the style used by the entire article.
• The proposed references already submitted in this proposal as Citation style 1 contain numerous formatting errors. Citation Style 1 requires all the information within a reference to be placed under parameters. Text which is not under a specific parameter, such as |title= for example, is ignored by the parser, which then creates a CS1 reference error. If this style is to be used, please reformat the references to remove stray text, taking care to ensure that all text within the citation uses a parameter.

 Additional items to be aware of:

1. Awards promote award winners, thus the awards section will likely not be added, per WP:NOTPROMO.
2. The Board of Directors section will likely not be added, per WP:NOTADIRECTORY.
3. The information in the Strategy section is largely non-quantifiable (e.g., "At the heart of the organisation is Tyro's mission: Use technology to empower Australian SMEs to create their version of success.") Statements of ideas and intentions are difficult to ascribe to organizations, and when they are, they are usually promotional in nature. Thus, this information will likely not be added.
4. The Tyco Annual Report references all contain upwards of 50+ pages each, and no page numbers have been specifically delineated. Again, if CS1 is chosen, this will need to be placed under the |page= parameter. If barelinks are to be used, this will not be necessary; however, please provide the page number for verification purposes.

When ready to proceed with either reformatted CS1 or reflink-only references, please activate a new instance of the {{request edit}} template. Regards,  Spintendo  07:20, 1 November 2018 (UTC)

Hi @Spintendo: thanks for your initial review. Before I put forward the next revision I wanted to comment on some of your points.

• Citation style - Happy to move the the citation style of the entire article if you want to support it or I can learn the simple format. I was using the wiki WYSIWYG editor and that appears to be the only outputted format. Either way these updates are are quite major and involves changes to most of the content.
• Citation parameters - I see what has happened, I was using the line separator in the title parameter, but that breaks the parser, I'll switch to dashes.
• Award & Directors section - these sections both already exist in the article but contain outdated content. Would it be more appropriate to remove them entirely if that is the case?
• Completely understand thoughts on the strategy section revision
• Will include page number citations in the next revision, thanks

--- Hayden (talk) 00:08, 2 November 2018 (UTC)

Edit Request

Update requested for the Board of Directors section as there have been changes and is currently incorrect. Disclosure - I am a paid employee of Tyro.

Please consider updating the section to:

"The Tyro board of directors is chaired by Kerry Roxburgh. He is also chairman of Eclipx and a director of Ramsay Health. Board members include: Mike Cannon Brookes, who co-founded software company Atlassian in 2002; Catherine Harris, founder and chair of Australia’s largest independent produce retailer, Harris Farm Markets; Paul Rickard, the founding managing director – and later chairman – of CommSec; and David Fite, an active investor in credit, financial services and technology businesses, and former executive at Westpac and Japan’s Shinsei Bank. David Thodey – AO, chairman of CSIRO and former CEO of Telstra – joined the Tyro board in November 2018." Source: https://www.tyro.com/our-team/ CEEPEE1973 (talk) 01:17, 5 December 2018 (UTC)