Mint Payments Limited

The Australian Business Award for Business Innovation recognises organisations that execute business initiatives which demonstrate innovative solutions for new and existing business needs.

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Established in 2005, Mint Payments Ltd. is a developer of omni-channel payment solutions that aim to enable organisations and businesses of all sizes to accept, process and manage payments online and through various mPOS, mobile and tablet devices.

In November 2014, as part of a strategic review, the company embarked on expanding its core CP mobile payment solution on the Mint Payments platform to include “Card Not Present” (CNP) payment processing services. This would effectively transform Mint Payments into a single payments acceptance provider to businesses servicing customers across multiple markets through physical and online channels. With the launch of the company’s CNP product “Minternet” in April 2015, Mint Payments became a omni-channel payments provider in Australia.

Mint understood that its customers wanted to get paid fast, without headaches or complicated set-ups whilst also benefitting from a secure system. As a result, Mint conducted an internal company audit to see if its operation and infrastructure could support an omni-channel payments method that would provide customers with what they wanted. After establishing this capability Mint began reforming their processes, securing relevant certifications for its mPOS solution and forming key distribution partnerships. The end result was a system that was designed to seamlessly integrate partners’ applications and vertical expertise with Mint’s payment capability, providing a streamlined payment experience for customers.

Mint Payments Ltd. have been awarded with a Business Innovation Award in the Australian Business Awards 2016 for their development and implementation of an omni-channel payment solution.

The Australian Business Awards are the regional chapter of an integrated, hierarchical leadership program conducted on a national and international level. Eligible organisations from each region are invited to participate in the international chapter of the program at The World Business Awards. Conducted annually and currently in the second year of its international launch, The World Business Awards seeks to engage with the world’s business, innovation and technology leaders through a global recognition and knowledge building initiative that is underpinned by the program’s established framework. The program engages with organisations worldwide to benchmark the full spectrum of their products, services and initiatives and to review their business performance. The cycle culminates in the recognition and celebration of organisations that implement world-class business initiatives and industry leading products and services on a prominent and far-reaching scale. All entries must be entered in the regional chapter where the organisation is based.

Organisational participation includes private companies, publicly listed companies, multinational subsidiaries, not-for-profit organisations, non-government organisations, educational institutions, franchise systems, partnerships, government departments, government agencies, local government and statutory bodies operating in Australia.

Initiatives can include but are not limited to projects, programs, processes, systems, technologies, developments, ventures and undertakings.

Entries are assessed utilising a robust and dynamic framework to ensure that the assessment process is pertinent and objective. The World Business Awards Framework (WBA Framework) is utilised as a structured model of assessment that enables the participating organisations to be benchmarked against world class performance standards. The Framework consists of specialised assessment modules pertaining to the evaluation criteria for each of the award categories. The criteria and sub-criteria provide a robust set of requirements that are used as the methodology for benchmarking and learning among the participating organisations.

Organisations that participate are provided with the unique opportunity to benchmark themselves against the top performers globally. The recipients are acknowledged for their achievements and recognised as the elite of their industry earning a place amongst a distinguished group by having their products, projects, initiatives, contributions and achievements recognised on a prominent and far-reaching scale. The program provides the ultimate platform for building knowledge, increasing brand awareness, equity, loyalty and retention through increased exposure, recognition and prestige. This establishes a valuable resource that can be used extensively to create opportunities for publicity, positive organisational profiling and heightened brand awareness within the respective industries both nationally and internationally.