TYR 2.13% 92.0¢ tyro payments limited

Ann: Defence of Class Action, page-19

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  1. 11 Posts.

    Once again just for you @leverage The announcement does not say what you just repeated wrongly again.

    Here is the part of the announcement you are referring to:
    "Tyro’s remediation program has seen it actively engage with all impacted merchants (via its usual merchant communications portal, email, SMS and in some cases direct mail) inviting them to register with Tyro if they claimed to have suffered financial loss. Merchants who registered were provided with a remediation proposal which involved two alternative options for selection based on individual merchant preference, namely:
    • Accelerated Path Assessment – which provides a simple remediation solution via a merchant service fee rebate over a designated period if loss is assessed, such rebate designed to offset the financial loss suffered.
    • Case Managed Path Assessment – which provides a more tailored remediation solution under which an impacted merchant provides specified claim information about their particular circumstances and loss claimed to have been suffered.

    As at the date of this announcement, 92% of merchants who selected one of the above assessment options have had their claims settled and Tyro continues to actively work with the remaining merchants to resolve their claims."

    If you read that very carefully then you will see a clear difference to what you just said. They don't say 92% of all impacted merchants have been settled. They say 92% of merchants who selected one of the above assessment options have been settled. And the above assessment options are both referring to the Tyro remediation program and not to the class action.

    You are welcome, I hope it is clearer now.

 
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