Transaction processing company Tyro Payments listed on the Australian Stock Exchange in December 2019. Trouble began to emerge in January 2021 when the company disclosed that it was having connectivity issues with 30% of its terminals, leading to a decline in expected transactional values and prompting a share price decline. A week later, short-seller Viceroy Research suggested that 50% of the company's terminals were affected and that many would churn over to better systems. The company's share price lost 30% of its value owing to the incident but shortly recovered on the back of strong financial performance. Although Tyro's share price has since fallen in line with the tech sector, the allegations against it do not seem to have been proven.    

Last updated July 2022.

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