A potential class action against Tyro Payments Limited is being investigated by Bannister Law Class Actions. Tyro is Australia’s largest non-bank provider of Point of Sale Electronic Fund Transfer services. Service outages in January of this year impacted hundreds of businesses—causing loss of sales revenue, service fees that provided poor or no service, customer dissatisfaction, and general damage to businesses as they sought to compensate for Tyro’s outages.
An LFJ Conversation with Michael Kelley, Partner, Parker Poe
A potential class action against Tyro Payments Limited is being investigated by Bannister Law Class Actions. Tyro is Australia’s largest non-bank provider of Point of Sale Electronic Fund Transfer services. Service outages in January of this year impacted hundreds of businesses—causing loss of sales revenue, service fees that provided poor or no service, customer dissatisfaction, and general damage to businesses as they sought to compensate for Tyro’s outages.
Bannister Law Class Actions explains that the claim alleges breach of warranties, breach of contract, and that the services provided by Tyro were not of reasonable quality. Further, Tyro allegedly fraudulently claimed that its service worked 99.9% of the time.
This potential class action will be funded by Court House Capital. As such, claimants will not endure any out-of-pocket costs. Fees and costs will be deducted from any settlement or award.
Eligibility requires the following conditions to be met:
- Businesses contracted with Tyro payment services before January 5 of this year.
- Businesses endured connectivity issues beginning in January 2021.
- Losses were endured due to Tyro connectivity failures.
Potential compensation will be based on loss of revenue, terminal and rental fees, and any damages caused by finding replacement services. Interested parties may contact Bannister Law Class Action Tyro Team.
