eftpos today announced two major banks are now routing their ATM transactions via eftpos’ new centralised
payments infrastructure, the eftpos Hub, with others expected to follow in coming months.
eftpos Managing Director, Mr Bruce Mansfield, said the eftpos Hub enabled industry participants to move ATM
traffic away from the old and complex bilateral network and more easily upgrade their ATM fleets for innovation
and changes such as the imminent move to EMV for better security against fraud.
Mr Mansfield said the transition of ATM traffic to the eftpos Hub marked a major milestone in the Company’s
transformation program, providing the industry with local, centralised infrastructure for processing transactions
other than standard eftpos CHQ and SAV transactions at point of sale.
"The eftpos Hub is a cost effective, reliable, secure and real time platform that provides the industry with new
processing opportunities like ATM,” Mr Mansfield said.
“This is particularly important given the industry’s drive to move their ATM fleets and transaction processing to
EMV security by the end of 2016.”
Since being launched in September 2014, the Hub is already processing almost 2 million eftpos CHQ and SAV
transactions a day, and it recently processed its 200millionth transaction.
eftpos is the most widely-used card system in Australia, accounting for more than 2.4 billion CHQ and SAV
transactions in 2014, worth more than $139 billion. For more information on eftpos, please visit: www.eftposaustralia.