Payments processing technology provider, Mint Payments (ASX: MNW), has partnered with travel agency software solution provider, Tramada Systems.
The companies have signed a three year licence and distribution agreement to deliver Mint Payments’ fully integrated online payments processing service, Minternet.
Through the use of Minternet’s API software, Tramada has developed an integrated credit card module, called Tramada Payment Gateway, that will be offered to all of its customers as a core product offering within Tramada’s suite of travel agency software solutions.
Mint will receive a share of the merchant acquiring services and transaction fees, as well as a monthly fee charged to each travel agency.
Tramada Systems CEO, Jo O’Brien, said up until now, Tramada travel agencies used separate systems to complete payments processing tasks, resulting in a very labour intensive user experience.
“Mint will deliver an integrated online payment gateway service that will provide Tramada’s extensive network of travel agencies with the ability to seamlessly process online credit card payments, generate invoices and receipts as part of the Tramada automated travel booking process.
“This partnership creates the opportunity for Tramada travel agencies to take advantage of cost competitive merchant acquiring services provided by Mint, with additional process and cost efficiencies that will drive a significant improvement in customer experience,” O’Brien said.
Mint Payments CEO, Alex Teoh, said implementation and integration between the Tramada and Mint systems has been completed and the Tramada Payment Gateway is available as part of Tramada’s core product offering. Teoh added that a number of travel agencies have already been attracted to the new service and will be transacting with Mint from this month.
“Our integration with Tramada aligns with our strategy to partner with best of breed solution providers. We are delighted to partner with an innovative business like Tramada and look forward to working together to provide the region’s travel agents with the most efficient and cost effective solution,” he added.