Mint Payments, a leading provider of innovative payment solutions, has unveiled its latest breakthrough, the S700 EFTPOS Terminal, designed to transform the payment landscape for travel agents. This state-of-the-art terminal will launch in June 2024 and offer a game-changing solution that addresses the unique challenges travel agents face in managing transactions.

EFTPOS (Electronic Funds Transfer at Point Of Sale) systems have long been integral to businesses worldwide, ensuring smooth and efficient transactions. However, travel agents have increasingly struggled to secure payment facilities from traditional providers due to high merchant fees and stringent collateral requirements. Mint Payments is stepping in to alleviate these issues and provide a more viable alternative.

Since it entered the online payments market in 2015, Mint Payments has pioneered Virtual Terminal solutions tailored to the travel industry. With advanced payment technology and a robust risk management framework, Mint has offered lower merchant fees and eliminated the need for agents to tie up working capital. This approach has made Mint an attractive choice for travel businesses aiming to optimize their financial operations and enhance profitability.

The new S700 EFTPOS Terminal represents a significant leap forward, enabling travel agents to access comprehensive in-store payment facilities in addition to the existing capabilities of the Virtual Terminal. This integration ensures a seamless reconciliation experience, simplifying payment processes and boosting overall business efficiency.

“We are proud to be working alongside our travel industry partners to address the pain points agents have been feeling for many years,” said Alex Teoh, CEO of Mint Payments. “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 ahead, Mint Payments is dedicated to continuous innovation to meet the evolving needs of travel payments. Industry feedback highlights the importance of integration with mid-office systems, which minimizes errors, speeds up service by reducing processing overhead, and enhances the overall experience for agents and their clients. The S700 EFTPOS Terminal is the first to integrate with these systems, joining Mint’s Virtual Terminal and MintEFT.

As the travel industry moves towards greater payment flexibility and convenience, Mint Payments stands at the forefront of innovation, committed to providing comprehensive solutions that ensure businesses thrive in today’s competitive marketplace. Travel agents are encouraged to express their interest in the S700 EFTPOS Terminal by completing their details on this form.

Mint Payments continues to lead the way, setting new standards in payment solutions and empowering travel agents with the tools they need to succeed.

Written by: Octavia Koo

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