Tyro Payments (ASX: TYR) has decided to put to bed a class action brought by disgruntled merchants at the end of 2021 by offering a settlement ahead of the matter going to court.
Tyro announced this morning that it had reached the settlement following a court-ordered mediation. The Federal Court class action was initiated after merchants claimed financial losses following a three-week outage of Tyro’s EFTPOS machines in January 2021. Read More: https://www.businessnewsaustralia.com/articles/tyro-payments-settles-merchant-class-action-claim-over-system-outage-in-2021.html
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February 2024
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