Tyro Payments Removes Senior Leader From Website Amid Speculation
Hey Payments Fanatic!
Executive pages don’t often speak loudly, but their silences can be telling. In recent weeks, Tyro Payments has quietly entered a period of leadership transition.
Jonathan Davey, Tyro's CEO & Managing Director, announced his departure earlier this month to a leadership role outside of the financial sector. But he stated that he will remain in his current position for up to 6 months as the company searches for a successor.
His exit comes at a sensitive time for the industry, as the Australian government considers tightening rules on payment surcharges, and the Reserve Bank reviews current regulations, both of which could directly impact Tyro’s core business.
But another shift appears to be underway. Deanne Bannatyne, Tyro’s Chief Growth Officer, has quietly disappeared from the company’s website. While her departure hasn’t been formally announced, it follows growing speculation that she may be moving to a rival firm.
At the same time, Tyro’s Board added Steven Holmes in early June, bringing experience from Xplor Technologies and Transaction Services Group. His arrival signals added depth during a period of strategic change.
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GOLDEN NUGGET
Welcome to 𝐓𝐡𝐞 𝐂𝐚𝐫𝐭𝐞𝐬 𝐁𝐚𝐧𝐜𝐚𝐢𝐫𝐞𝐬 𝐒𝐞𝐫𝐢𝐞𝐬 🇫🇷 — Episode 2 👇 Created by Arthur Bedel 💳 ♻️
𝐅𝐚𝐬𝐭’𝐑 is 𝐂𝐚𝐫𝐭𝐞𝐬 𝐁𝐚𝐧𝐜𝐚𝐢𝐫𝐞𝐬’ 𝐧𝐞𝐱𝐭-𝐠𝐞𝐧 𝟑𝐃 𝐒𝐞𝐜𝐮𝐫𝐞 — designed to optimize user experience, maximize frictionless rates, and keep fraud at industry-low levels.
With 95%+ frictionless auth when requested, it is now France’s benchmark for secure, conversion-friendly authentication.
𝐖𝐡𝐚𝐭 𝐢𝐬 𝐅𝐚𝐬𝐭’𝐑?
𝐅𝐚𝐬𝐭’𝐑 is a smart authentication platform embedded in the CB ecosystem — combining real-time scoring, issuer-level collaboration, and regulatory compliance to deliver seamless experiences for both merchants and consumers.
► 𝐒𝐂𝐀-𝐜𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐭 — aligns with DSP2 and EMVCo
► 𝐒𝐦𝐚𝐫𝐭 𝐒𝐜𝐨𝐫𝐢𝐧𝐠 — risk analysis performed even when the merchant doesn't explicitly request it
► 𝐈𝐬𝐬𝐮𝐞𝐫-𝐭𝐫𝐮𝐬𝐭𝐞𝐝 — fraud rates on Fast’R are among the lowest in issuer portfolios
► 𝐀𝐜𝐭𝐢𝐯𝐞 𝐫𝐞𝐬𝐩𝐨𝐧𝐬𝐞 — Fast’R can step in when issuer ACS is unavailable, ensuring continuity
𝐇𝐨𝐰 𝐝𝐨𝐞𝐬 𝐅𝐚𝐬𝐭’𝐑 𝐰𝐨𝐫𝐤?
A 4-step flow built for conversion, protection, and speed:
1️⃣ Transaction initiated by the consumer on merchant checkout
2️⃣ Merchant MPI triggers the Fast’R 3DS service, sending risk-relevant data
3️⃣ Real-time scoring engine evaluates fraud risk using data from PSP, CB, issuers & PATs
4️⃣ Frictionless or challenge decision is made by issuer, with CB supporting fallback in case of failure
→ Works even when issuer systems are down
→ Enables 50%+ of e-commerce payments to go frictionless
→ Response time optimized for conversions and uptime
𝐓𝐡𝐞 𝐋𝐢𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐒𝐡𝐢𝐟𝐭 𝐑𝐮𝐥𝐞𝐬
📌 If issuer grants frictionless (with or without merchant request)
→ Issuer holds liability
📌 If merchant explicitly requests SCA
→ Issuer still holds liability
📌 If issuer initiates SCA on its own
→ Issuer holds liability
💡 Merchants keep control of the 3DS stage while remaining protected.
𝐓𝐡𝐞 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐟𝐨𝐫 𝐌𝐞𝐫𝐜𝐡𝐚𝐧𝐭𝐬
→ 95%+ frictionless when requested
→ 92% overall success rate across CB issuers
→ Just €0.0026 per auth — 10x cheaper than global peers
→ 0.05% e-commerce fraud vs 0.11–0.14% across other networks
→ Built-in fallback — Fast’R ensures response even when issuers fail
Merchants with eligible profiles and 120K+ annual 3DS transactions can qualify for €0–€250 frictionless range, with no technical overhaul required.
Next Up → Deep dive into 𝐔𝐩𝐝𝐚𝐭’𝐑 — CB’s real-time card updater
Source: GIE Cartes Bancaires x Connecting the dots in payments...
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