Strategic Payments Services
"Strategic Payments Services (SPS) is pleased to announce that MasterCard has increased its
stake in SPS to 52.5% and is now the majority shareholder in SPS. Bendigo and Adelaide Bank Ltd will remain a key partner in the Joint Venture (JV), retaining its existing shareholding, with Customers Ltd now a minority shareholder"
Since its inception, SPS has established itself as a key player in the processing services market in Australia, offering a modern and flexible acquiring processing platform. SPS has proven its stability and reliability and is now processing over 100 million transactions per annum across multiple channels. MasterCard’s initial investment in the JV enabled it to build upon its position as a payments industry leader by developing an innovative, outsourced processing platform which provides clients with a viable alternative to building or upgrading in-house or legacy systems.
Today, we're an Australian business, rich in Australian payments intellectual capital and industry expertise.
We're committed to delivering innovative, flexible electronic payments solutions, with exceptional availability and superior service at a competitive price to our clients. That's what places us in the best position to deliver 'best-in-class' payments processing solutions and services to the Australasian market.