Sydney, 24 June 2024: In the fast-paced world of electronic payment solutions, Mint Payments [Mint] continues to lead the way with innovative products designed to streamline transactions and enhance client convenience. The latest addition to Mint's product lineup, the S700 EFTPOS Terminal, is set to revolutionize the way travel agents conduct business starting in June 2024.
EFTPOS (Electronic Funds Transfer at Point Of Sale) has long been a cornerstone of efficient transactions for businesses around the globe. In recent years, travel agents have been finding it increasingly difficult to access payment facilities from banks and other traditional payments providers due to increasing merchant fees and requirements for working capital to be held as collateral.Since entering the online payments market in 2015, Mint has been providing an alternative for Travel Agents with their Virtual Terminal solution. By employing payments technology optimised for travel, and a robust risk analysis and KYC framework, Mint can offer lower merchant fees and eliminate the need for agents to lock up working capital, making them an attractive choice for businesses looking to optimize their financial operations and improve their bottom line.
With the introduction of Mint’s new S700 EFTPOS Terminal, travel agents now have access to additional in-store payment facilities with Mint, supplementing Virtual Terminal’s ability to accept payments for Visa, Mastercard and AMEX, with in-store EFTPOS capabilities. The direct integration of the S700 with Virtual Terminal will also provide a unified reconciliation experience for agents, simplifying payment processes and enhancing overall business efficiency.
Alex Teoh, Mint Payments CEO said:
“We are proud to be working alongside our travel industry partners to address the pain points agents have been feeling for many years. This EFTPOS terminal is just the first in many new solutions we are rolling out in the near future, enabling agents to succeed. We are delivering more options for customer and supplier payments and streamlined experiences, so they can spend less time on admin, and more time with their customers”
Looking towards the future, Mint Payments is committed to ongoing developments to meet the evolving needs of travel payments. Interviews with agents and industry groups continue to highlight that integration with mid-office systems minimises errors, accelerates service by eliminating processing overhead and provides a greater experience for agents and their clients. As a payments industry first, the S700 is to be the first EFTPOS terminal to be integrated with these mid-office systems, joining Mint Virtual Terminal and MintEFT.
As travel agents look towards a future of enhanced payment flexibility and convenience, Mint Payments remains at the forefront of innovation, working on delivering alternative payment methods with full integration into mid-office systems, and ensuring that businesses have the tools they need to succeed in today's competitive marketplace.
Mint is inviting agents to express their interest in this product by completing their details at this form.
About Mint Payments
Mint Payments is an Australian fintech specialising in a wide range of end-to-end payments solutions allowing businesses to accept payments from their customers and make payments to their suppliers locally and internationally. Mint Payments aims to add value, rather than simply process it, focusing on user experience to deliver a full-service, vertically focused payments orchestration platform to help companies and their customers transact in more rewarding ways.
mintpayments.com
