‘Tap and go’ payments now available with new MYOB contactless card reader

08 Sep 2015

Latest evolution of popular MYOB PayDirect mobile payments solution.

MYOB, Australia’s leading accounting solutions provider has announced that its popular mobile payments solution, MYOB PayDirect now accepts tap and go payments with a new contactless card reader.

Australia is leading the way in the adoption of contactless payments, with 54 percent of consumers now using a contactless card. MYOB General Manager, SME Solutions, James Scollay says this new product feature in MYOB PayDirect will further increase its appeal and usage amongst small business owners.

“60 percent of Australians using their contactless card, are transacting this way at least once a week, up from 43 percent last year. And it’s obvious why. With just a tap to complete a transaction, contactless payments are faster and more secure than using cash or entering a pin number,” says Mr. Scollay.

“At MYOB, we are committed to creating solutions that respond to customer demands. With MYOB PayDirect’s contactless card reader, SMEs can now offer customers their preferred payment option for both convenience and security,” says Mr. Scollay.

The new MYOB PayDirect contactless card reader enables customers to:

Faster speed of transactions – low-value transactions with a contactless card reader are approved without a PIN or signature, enabling SMEs to service faster and reduce waiting times.

Better convenience – tap and go makes it easier for customers to pay by simply tapping their Credit or Debit card on the reader.

High levels of safety – peace of mind and safety for customers as their card never leaves their hand.

More security – transactions are processed through a reliable and secure network.

Maroth Phan, Owner of Lucky7 Beaufort Convenience, is delighted with the introduction of the PayDirect contactless card reader which has reduced customer queue times, and enabled him to process more sales, with faster transactions.

“Having a contactless card reader is easy to manage and quicker for customers to pay. In May, MYOB introduced PayDirect for EFTPOS and this is just one more extension that makes it easier for us to transact with our customers,” Phan says.

In August 2015, MYOB PayDirect was recognised for its innovation at the iAwards by the Australian Information Industry Association as the NSW winner for New Product.

“We are always looking for ways to innovate through simplification. Introducing a contactless card reader for tap and go payments is the simplest, and most effective method for SMEs and customers to transact with one another in real time,” says Mr. Scollay.

For MYOB product information, research results, business tips, discussions, client service and more visit the MYOB website, or its blog, LinkedIn, Twitter, Facebook, Instagram and YouTube sites


For further comment or other information please contact:

Saba Chowdhury, MYOB PR Specialist

P: 2 9770 9055/ M: 429 605 963/ E: saba.chowdhury@myob.com

About MYOB Australia (@MYOB)

MYOB Group Limited ABN 61 153 094 958

Registered office: Level 3, 235 Springvale Road, Glen Waverley, VIC 3150

MYOB (ASX: MYO) is a leading cloud based business management solutions provider. It makes business life easier for approximately 1.2 million businesses across Australia and New Zealand by simplifying accounting, payroll, tax, practice management, CRM, websites, job costing, inventory and more. MYOB provides ongoing support via many client service channels including a network of over 40,000 accountants, bookkeepers and other consultants. It is committed to ongoing innovation, particularly in cloud computing solutions, and in 2015 was awarded the BRW award for the most innovative large company for 500+ employees and placed 2nd in BRW’s Most Innovative Companies Award list across all categories nationally.  For more information, visit myob.com.au or follow @MYOB on Twitter