New features are always welcome, but please note that Tyro has a number of really competitive features that the big banks can't or won't offer. Tyro is the only major EFTPOS player that does not have a conflict of interest with issuing consumer payment cards. So they are able to serve their customers and offer things like "least-cost routing" without a conflict with an in-house card issuing division. Their pure-play has worked well so far, (see below assembled from RBA Published data). I note that in today's weekly transaction report they show 15% same day on day growth, between Feb 20 and Feb 21. Since the terminal connectivity issue, their growth rate is increasing at about 3% per month, so I thinking that it won't be long before they are back at the growth level they have had over the last three years. They only have about 7% market share now, so loads of opportunity for growth. Over the longer term, that should be reflected in the share price.
TYR Price at posting:
$2.64 Sentiment: Buy Disclosure: Held
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