Styrac is an Australian-based fintech organisation that provides a comprehensive payment gateway and online Payment Processing Services, partnering with one of the world’s largest credit/debit card Acquirer network. We are registered with AUSTRAC for remittance processing, digital currency exchange services and gaming. We are fully compliant with AUSTRAC’s operating guidelines and meet our periodic AML/CTF reporting obligations.
We saw the compelling need to address the growing gap between traditional banking models and how consumer’s changing usage patterns, and their overall expectations of how they want banks to behave, continues to advance with the gap widening daily.
They demand:
Simple Online Customer Payments
Styrac look to dynamic and agile solutions architected to grow and evolve as our customer’s operating landscape continues to change. Ultimately, providing a simple to use, cost-effective, quicker way to process online customer payments.
Business Continuity
We are seeing increased levels of risk-aversion from banks with many facilities being removed leaving businesses with few viable alternatives to continue to operate. Many organisations are forced to move their processing offshore which often leads to increased cost and risk for them and their customers, and less direct control over their processing environment. Hardly an optimal situation.
Comprehensive Risk Management
Styrac employ real-time transaction monitoring technology to identify and manage suspicious or fraudulent transactions and any areas of associated risk. We help minimise chargebacks and disputes, drive down risk and increase throughput.
Advances in the fintech arena and emerging trends in how businesses wish to operate sees the future of banking needing to be something vastly different from today’s industry. Styrac focuses on providing comprehensive Payment solutions across an array of industry verticals working with those more traditional channels both low and high risk. Styrac is regarded as the High-Risk specialists. We have assembled a global partner network that operates with full transparency allowing us to provide sustainable business solutions to what are legal and legitimate businesses.
Styrac provides a full end-to-end, turn-key capability bringing together the necessary components, such as operational Tier-1 Banking channels for the capture and disbursement of customer transactions, a mature and comprehensive proprietary Payment Gateway engine that drives the heart of our processing ability, all within a tightly risk-managed framework.
So, if you are a high or low risk operator, we offer value-add, robust and cost-effective solutions that will help further automate and manage your payment processing systems, remove operational and processing risk and provide significant business value smoothing the way forward for trouble-free payment processing outcomes into the future.
Our Team
Mr. Yeoryios Markos – Founder & Chairman
Mr. Yeoryios Markos, has been a registered member and Fellow of The Institute of Public Accountants in Australia since 1980, and a member of The Institute of Financial Accountants in the UK. He currently serves as Chairman of Styrac Group Pty Ltd, and also holds other Directorship and senior board positions. During his professional career spanning more than 45 years he has gained vast experience within a diversity of industry and business in both public and private enterprise. His background covers a wide scope of M & A, Legal, Banking, Trading, Mining and Property Development activities.
Mr. Kerby Nixon – General Manager
Mr. Kerby Nixon for the last 6 years has headed up organisations in the Racing and Financial Services industries. Longer term he has been working for more than 23 years in the IT industry for both Banks and Software Vendors in Australia and the US, with roles looking after Australia/New Zealand and Asia Pacific territories.
Being entrepreneurial in nature, his senior roles, in General Management capacities, involved the responsibility for driving overall business growth, as well as having responsibility for personnel and budget management, working towards overall business objectives around capability provision. His experience is broad having started up Professional Services organisations working in partnership with established, global software vendors.