Tuesday, 21 July 2015 14:04

Mint, eWAY agree license deal on mPOS solution Featured

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Listed online payments provider Mint Payments (ASX:MNW) has sealed a deal with eWAY to license Mint’s ‘card present’ capability to distribute their own mobile point of sale solution.

Under the deal eWAY’s 20,000-plus merchants will now be able to accept the full spectrum of card payments, including Visa and MasterCard, as well as EFTPOS through payment methods such as Apple Pay, Contactless, Chip & Pin, and Magnetic Swipe.

Mint CEO Alex Teoh, said Mint will derive ongoing revenues from monthly fees, merchant service fees, transaction fees and hardware fees, and the partnership with eWAY will provide an omni-channel payments solution across markets in Australia, New Zealand, Singapore, Hong Kong and Malaysia.

He said eWAY’s mPOS solution will consist of its mobile application that is integrated with Mint’s software application (Mintegrate SDK/API) and the Mint card reader hardware.

eWAY’s mPOS solution is designed to better service the needs of small and medium sized businesses who want to improve their cash flow; with the ability to connect to a wide range of small business applications such as online accounting software for invoicing, CRM solutions such as Salesforce and online shopping carts such as Shopify for inventory.

Matt Bullock, CEO of eWAY said, “Since 1998 we have been providing payment services to SMEs with a focus on simplicity and personalised customer service. 42% of all face-to-face transactions are processed using EFTPOS cards, and by using our mPOS solution, SMEs will be able to sell up to 42% more.

“Today’s announcement marks eWAY’s expansion into the lucrative omnichannel space by allowing our 20,000+ merchants to accept card present payments using Mint’s unique, agile and cost effective mPOS solution.”

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Peter Dinham

Peter Dinham is a co-founder of iTWire and a 35-year veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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