DataMesh Group deploying its payment technology to enable automatic least cost routing to eftpos’ Australian debit payment system. The Company sees $500 million per annum reduction in transaction fees for Australian merchants when fully implemented.

Sydney, Australia, October 6, 2020 -- Australian financial payment systems and software solutions provider, DataMesh Group (‘DataMesh’ or ‘the Company’) is pleased to announce it has developed a unique capability to automatically apply least cost routing (LCR) technology within Australia’s debit card payment system for its customers.

LCR allows for the best economic outcome for merchants on contactless (tap-and-go) debit card payments by sending them through the debit network that costs the least to accept. It enables a debit payment to be uniquely "flagged" as a specific debit card transaction and sent to the lowest cost debit network, resulting in the lowest cost fee structure for the merchant.

Without LCR, the transaction is sent to the default debit network programmed on the customer’s card, which may not be the lowest cost debit network, resulting in higher transaction costs for merchants.
Merchants will use DataMesh’s ground-breaking software to enable automatic selection of LCR for debit transactions, resulting in lower costs for merchants by routing through eftpos.

DataMesh’s software can read the card/phone/watch, decipher whether it’s a debit or credit payment and attach the relevant message to the transaction before it’s sent to eftpos via the acquirer (potentially any bank), which has awarded the transaction the applicable fee structure. Merchants are then charged the lowest payment fees on debit transactions.

The Sydney-based fintech is among the first companies to have found a way to automatically select LCR on a tap-and-go debit payment.

DataMesh’s software can be uploaded on existing hardware terminals, negating the need for merchant acquirers to buy new terminals, nor requirements for action by merchants or cardholders.

eftpos, the Australian Retailers Association (ARA), and retailers have been pushing for LCR, with the Reserve Bank of Australia (RBA) saying it will consider regulation if it’s not made widely available to merchants.

Currently, debit cards represent around 70 percent of all card transactions in Australia, so DataMesh LCR technology translates into significant transaction cost savings for merchants.

DataMesh Group CEO Mark Nagy said:
“The unique least cost routing capability developed by DataMesh is a massive win for Australian merchants, especially in this era of contactless payments.

“eftpos’ debit card network accounted for more than two billion cheque and savings transactions in 2019 worth around $130 billion. DataMesh is working with eftpos and other payments industry members in the push for least cost routing, and to bring down fees for merchants in what is a very challenging environment for retailers and consumers.

“Conservative estimates suggest a potential reduction in fees for merchants of up to $500 million dollars nationally per year if LCR was fully implemented.

“DataMesh LCR software is compatible with many legacy merchant terminals and most acquirers. We estimate more than half of card terminals in Australia are currently unable to fully support LCR, so our technology provides an effective solution and removes the need for acquirers to undertake costly hardware upgrades.”

DataMesh is focused on vastly improving and modernising merchants’ outdated backbone payment systems. It has developed solutions that not only fix current payment system issues for merchants but can increase their business efficiency through new and improved integrated technology.

Last month, the Company announced it had signed a major long-term agreement with national retail giant Peregrine Corporation under which DataMesh has become the company’s sole payments provider.

Peregrine is using DataMesh’s LCR capability through its acquirer to effect significant payment cost savings to its business, which had a reported annual turnover of $2.2 billion last year.

DataMesh’s software is fully developed in Australia, with all IP owned by DataMesh. DataMesh is Australian owned, and its technology is Australian built and operated.

DataMesh operates under PCI Standards Council and the Australian Payments Network regulations. DataMesh’s switching platform is EMV and PCI-DSS Level 1 certified for Card Present (CP) and Card Not Present (CNP) transactions.

About DataMesh Group:
DataMesh Group is focused on revolutionising the current payment systems available to Australian merchants, delivering integrated payment capabilities and valuable customer insights through bespoke payment and data processing solutions.

The Company’s proprietary financial switching platform (Unify™) has resolved payments technology and compliance issues for major retailers and their customers while maintaining robust relationships with banking and regulatory partners.

It is the world’s most modern and powerful cloud and terrestrial-based financial switching solution available on the market. DataMesh Group's suite of financial payment systems hardware, software, infrastructure and data analytics products provide streamlined, low cost and flexible payment solutions integrated to leading point-of-sale (POS) systems and various next-gen payment devices.

DataMesh technology enables retailers to design the experience they deliver to customers, creating a hub for commerce and data that merchants, acquirers, card schemes and third parties can use to achieve better business outcomes.

DataMesh operates under PCI Standards Council and the Australian Payments Network regulations.

DataMesh’s switching platform is EMV and PCI-DSS Level 1 certified for Card Present (CP) and Card Not Present (CNP) transactions. Data collected by its software is always safe and secure. www.datameshgroup.com

Contact:
Brooke Swartz
DataMesh Group
Barangaroo
Sydney NSW Australia
0426018076
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http://datameshgroup.com

Ukraine has published a draft resolution that, if accepted, will bring its toy safety legislation into closer alignment with the European Union’s Directive 2009/48/EC, the so-called European Toy Safety Directive (TSD).

The draft resolution – Draft Resolution of the Cabinet of Ministers of Ukraine On Amendments to the Technical Regulations for Toy Safety – was published by the Ukrainian Ministry for Development of Economy, Trade and Agriculture on September 15, 2020. Among several important changes, it aims to:

• Strengthen the migration of aluminum 2.5-fold for all three categories of toy materials. The proposed migration limits are:
  1. Category I – 2,250 mg/kg
  2. Category II – 560 mg/kg
  3. Category III – 28,130 mg/kg
• Strengthen the migration of chromium (VI) by approximately 4-fold for category III toy materials – to 0.053 mg/kg
• Add three levels of requirement for formaldehyde (migration, emission and content) in toys for children under 36 months or in other toys intended to be placed in the mouth:

1. Formaldehyde migration in polymeric materials – no more than 1.5 mg/l
2. Formaldehyde emission in resin-bonded wood – no more than 0.1 ml/m³
3. Formaldehyde content in each of textile, leather and paper materials – no more than 30 mg/kg
4. Formaldehyde content in water-based toys – no more than 10 mg/kg

The three categories of toy material are:

• Category I – dry, brittle, powder-like or pliable (e.g. chalk, bouncing putties, crayons, plasticine)
• Category II – liquid or sticky toys (e.g. bubble solutions, finger paints, slimes)
• Category III – scraped-off (e.g. ceramics, textiles, wood, bone, leather, polymers, elastomers)

Ukraine originally approved its ‘Technical Regulations on the Safety of Toys’ in 2018. If accepted, the draft proposal will come into effect six months after it is published in Ukraine’s Official Journal.

SGS Toy & Juvenile Product Services

SGS offers a wide range of services to ensure that products comply with relevant standards for toys and childcare articles and equipment. They provide consulting, training, product development, testing, audit, and inspection services to ensure that products comply with strict regulations worldwide, demonstrating the safety and quality of juvenile products being brought to the market.  Learn more about SGS’s Toy & Juvenile Product Services. 

SGS SafeGuardS keep you up to date with the latest news and developments in the consumer goods industry. Read the full Ukraine Issues Draft Resolution on Toy Safety to Further Align with the EU SafeGuardS.

Subscribe here to receive SGS SafeGuardS direct to your inbox.

For further information contact:

HingWo Tsang

Global Information and Innovation Manager

Tel: (+852) 2774 7420

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Website: www.sgs.com/hardlines

LinkedIn: sgs-consumer-goods-&-retail

About SGS

SGS is the world’s leading inspection, verification, testing and certification company. SGS is recognized as the global benchmark for quality and integrity. With more than 89,000 employees, SGS operates a network of over 2,600 offices and laboratories around the world.​

Telco Tech, a renowned web application development company, has been offering readymade apps for various industries including food, grocery, laundry, etc. 

Telco Tech is a technology partner that helps start-ups as well as businesses in a short span to start their business. They are far more than a readymade app solution company and their products are elegant proof of that. They provide fully customizable design and features according to modern business needs with market-ready advanced app.  

The aim of the company is to help entrepreneurs do what they are best at, running the company. And they take care of all the technical aspects. Their ready-to-use, excellent app solutions and products are proving their own worth by making your business grow and redefine your place in the industry.

Some of the renowned Readymade Apps are –

Online Food Ordering System – It is a completely customized online food ordering system for your restaurant. It helps to take any food ordering business online with a mobile app and website.

TelcoGrocery – It is perfect grocery software, allowing your customer to order with your grocery store.

TelcoPizza – The company offers the complete software with inbuilt multiple features especially meant for pizza lovers.

Telco eCommerce – This software is suitable for any type of business such as food, clothes, grocery, cakes, etc.

Laundry ordering system – It is the best solution to manage any laundry business online.

Telco Taxi – Businesses can automate and modernize their taxi business with Telco Taxi Solution.

They also offer professional web design services at affordable rates to help businesses attract more visitors and keep them on your site! They always strive to make long lasting relationships with their clients.

For more information about readymade apps for android, On-demand Delivery App, readymade apps solutions in Poland, readymade software, readymade apps or readymade Mobile App Solutions and mobile app development, please visit - https://telcotech.pl/

Telco Tech is a best web application development company, which offers outstanding solutions. They provide top-notch web and mobile app development services through the use and enhancement of the latest out there technologies. They have a handpicked selection of the finest developers of web & mobile apps, who always believe that any task can be done more intelligently and any existing system can be challenged, and ultimately improved.

Singapore, October 01, 2020 -- Not resting on its laurels after a successful fundraising crowd sale that closed at USD 7.1 million, the smart advertising marketplace SaTT is pleased to announce its next listing, this time on Coinsbit, one of Eastern Europe’s largest exchanges.

The SATT token has recently been listed on a number of established crypto exchanges - from US-compliant BW, to Korea Top Ten ranked ProBit, to EU-compliant WhiteBIT. Actively trading on all three platforms, the SATT token has been onboarded renowned crypto ranking platform CoinGecko.

“Getting on board CoinGecko validates SATT as a token with market value,” says Gauthier Bros, CEO of SaTT. “We are also pleased to partner Coinsbit, one of the largest exchange operators in Eastern Europe. This is in line with our goal of growing our user base into more and more markets.”

Offering a working blockchain-based advertising solution, the SaTT smart advertising dApp stands out from the clutter of ICO projects claiming future working products. Fast, tamper-proof, secure and cost-efficient, SaTT will now work towards the adoption of its platform in the advertising industry, presently riddled with inefficiencies in its supply chain.

Touting 2.2 million registered users, a 200K-strong community and 2 million monthly website visitors, Coinsbit offers a range of services which include spot trading, credit card services for deposits and withdrawals, OTC, P2P lending, staking, an IEO launchpad as well as the ‘Coinsbit Store’.

The store is a global crypto marketplace where products on giant ecommerce sites such as Amazon, Alibaba, eBay and AliExpress can be bought with USDT, USDN, PLC Stablecoins and Coinsbit’s native token currency - CNB.

The SATT/Coinsbit trading schedule is as follows:

Deposit: 10:00 on Oct 1, 2020 (UTC+3)
Trading SATT/USDT : 10:00 on Oct 2, 2020 (UTC+3)
Withdrawal: 10:00 on October 05, 2020 (UTC+3)

About SaTT:
SaTT, which stands for Smart Advertising Transaction Token, is a utility token that enables advertisers to buy smart advertising services on its ethereum-based dApp. All transactions between advertisers and influencers/publishers are governed by the SaTT smart contract which ensures speed, transparency and security, and is cost-efficient.

The SaTT dApp helps to quantify ROI by using blockchain oracles to retrieve data from 3rd-party API of social media platforms like Youtube, Facebook, Twitter, Instagram etc. Actions performed, such as LIKES, SHARES, VIEWS, TWEETS etc. can then be evaluated and if all criteria is successfully met, payments are triggered automatically from the advertiser’s preloaded budget to the wallet of the influencer/publisher. Fast, tamper-proof, secure and cost-efficient, the SaTT smart advertising system is a perfect use case of the ethereum smart contract. https://satt-token.com

About Coinsbit:
Coinsbit is one of the largest Eastern European digital asset trading platforms. It utilizes the latest security systems and firewalls, storing assets in cold wallets while providing a secure, convenient and reliable platform for traders. https://coinsbit.io

SaTT Officials:
Twitter: https://twitter.com/SaTT_Token
Facebook Page: https://www.facebook.com/SaTT.Token
LinkedIn: https://www.linkedin.com/showcase/satt-token
Telegram: https://t.me/satttoken
Bitcoin Talk: https://bitcointalk.org/index.php?topic=3407522
Medium: https://medium.com/@satt.atayen
Github: https://github.com/Atayen/satt-js

Media Contact:
Cecilia Wong, yourPRstrategist.com
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+65-91826605