eftpos and Square expand Tap and Pay™ options for small businesses

- November 12, 2018 < 1 MIN READ

eftpos CHQ & SAV transactions can now be made on Square terminals at tens of thousands of businesses across Australia.

Square devices are the latest to be upgraded to make use of eftpos Tap and Pay™ and eftpos CHQ & SAV transactions on eftpos-only Chip cards services.

The move is part of a continual rollout of eftpos Tap and Pay services which began four years ago.

eftpos Managing Director, Stephen Benton, said eftpos Tap & Pay capability has been rolled out to around 30 million cards and 900,000 point of sale terminals across Australia. He said the service would allow Australians to have better control over their finances as eftpos allowed customers to spend their own money, by using CHQ or SAV rather than credit.

“The addition of eftpos functionality to Square devices is a win for millions of Australian eftpos chip cardholders and for Square’s merchants,” Benton said. “Australian consumers can now select eftpos CHQ or SAV, and tap eftpos contactless enabled cards when they shop at these businesses, with added benefits such as the ability to track their bank balances in real time.”

Square’s Australian Country Manager Ben Pfisterer, described the addition of Tap and Pay as a win for small businesses who will now be able to offer customers more choice.

“Square is excited to partner with eftpos to roll out this functionality to our business base,” he said. “As cash usage continues to decline in Australia, we know it’s important to make sure our businesses are equipped to accept all types of cards and digital payments,” Pfisterer said.

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