But the transaction numbers published today are reasonably proving that 'impacted terminals is minority' (at least in my view). You can see from below that impact started on or before 5th Jan evening
Transaction value compared to last year is still up, please note that this week's report included 3 full days of impact. if more than 15% of terminals are impacted then one would imagine that transaction value will fall. I acknowledge that this is not exact proof to find the impacted terminal count but I believe it is a reasonable indicator that Tyro's published information is probably accurate (that ~15% terminals are impacted).
Next week's update will paint a picture too but we need to remember that Brisbane lock down will have some additional impact.
I am in no way diluting the impact this incident has on merchants and this issue is a big deal. I believe the information being published by Tyro (this incident raises questions on their terminal software or provider but still does not raise question for me on trusting the information provided by them). I really hope Tyro will publish some information on root cause source as in how it is introduced and which group is accountable, what they will change to avoid similar issues in future and how they will compensate, support and convince their merchant customers.
TYR Price at posting:
$3.25 Sentiment: Buy Disclosure: Held
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