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Newsagents frustrated at delay to Suncorp EFTPOS funds settlement

Suncorp missed its daily EFTPOS funds settlement, causing challenges for plenty of retailers from what I am hearing.

The company issued a statement:

Overnight processing of Suncorp merchant settlement files from Wednesday, 2 February 2022 has not occurred and resulted in these being delayed.

Technical teams are investigating and options are being worked through at the moment but the outcome is likely that yesterday’s settlement will be paid tonight along with today’s so merchants will get two days in one.

This is only an indication at this stage whilst further investigations are completed.

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Ugh!

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