Strategic Payments Services
"The SPS joint venture enables us to readily
respond to our clients’ broader payment needs, offering market-leading technologies and locally relevant solutions. Processing is a major pillar
of MasterCard’s strategy in establishing leadership and delivering real business value to our clients and merchant partners."
Shuan Ghaidan, Group Head Customer Delivery, APMEA, MasterCard Worldwide.
Our vision is to build a leading independent electronic payments processing business in the Australasia region over the next 5 years, and we are well on the way to achieving that.
SPS, established in 2006 as a joint venture between MasterCard, Bendigo Bank Ltd and Customers Ltd was designed to deliver an innovative, flexible and cost effective multi-brand acquiring processing solution. Already SPS has achieved an enviable market position as one of the largest independent processors in Australia. Its end-to-end processing solution includes transaction switching, device driving, back office and support functions. It provides acquirers with a single point for processing all self-service channels, including ATM, POS, telephone, mobile devices, online and call centres. Cards supported include credit, debit, private label and chip enabled. Its modern software platform is one of the world’s most widely deployed solutions, enabling increased flexibility and cost efficiencies through its modular architecture.