BankingBusinessFinTech

Westpac: Helps businesses save on “tap and go” contactless merchant transactions

  • Westpac Group has announced it will proactively contact merchant customers to activate Merchant Choice Routing (MCR) also called least cost routing
  • Westpac’s decision will help merchant customers with Westpac owned terminals activate pricing that’s best for them
  • MCR has been available since April 2019 as an opt-in for merchants operating on Westpac owned terminals
  • Over the coming months Westpac will reach out to our customers who we believe would benefit from MCR
  • Westpac is doing the right thing by Australian small businesses in this economic crisis in delivering least cost routing
  • The impact of the pandemic on small business earnings and the potential for MCR to provide cost savings for merchants
Previous article
Artemest: Raises $5M+ in Equity Funding Round
Next article
TradingScreen Inc.: Enters the cryptocurrency space with MARKTS
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

FinTech

Swedish Court Delays Judgment in Klarna’s Antitrust Case Against Google

The court's decision is crucial for Klarna's operations in the competitive market.Highlights: Swedish court delays decision on Klarna's...
FinTech

Morgan Stanley Launches Bitcoin ETF, Expanding Crypto Offerings

The investment firm broadens its reach into the cryptocurrency market.Highlights: Morgan Stanley launches a Bitcoin ETF to enhance...
FinTech

HSBC Strengthens Position with Hong Kong Stablecoin Issuer License

The banking giant aims to support digital asset initiatives in the region.Highlights: HSBC receives a stablecoin issuer license...
FinTech

US Treasury Secretary Warns Banks About Anthropic’s New AI Model

Treasury Secretary highlights risks AI poses to financial stability.Highlights: US Treasury Secretary warns banks about the risks of...