Minternet targets the CNP based online and back office collections needs of small and medium sized enterprises (SMEs) to large corporates.

The use of online payments through credit cards, debit cards and specialised payment providers increased by 14 per cent in value in 2013/14 to an estimated $140.4 billion. The incorporation of online payments solutions meets the evolving demands of enterprises seeking to create process efficiencies. By developing and integrating the Minternet product suite to Mint’s bank grade payments platform, Mint is tapping into a significant and fast-growing market by offering its distribution partners and end customers the full range of payments services from one service provider.

This provides the opportunity for Mint to increase its average revenue per user, transaction volumes and customer loyalty, setting Mint apart from its competitors and cementing Mint as a leader in the payments industry.

Mint is now able to offer merchants the ability to capture and process payments across multiple payment types and channels, including:
• face-to-face (e.g. EFTPOS, contactless and Chip and PIN);
• eCommerce and bill payments (e.g. APIs and hosted payments pages); and
• over-the-phone payments processing (e.g. operator initiated MOTO, scheduled and/or recurring payments) or system-initiated payments (e.g. tokenisation and batch payments).

The solution comes with an integrated credit card merchant facility or a bank account direct debit facility all provided through Mint.