One benefit is that mint can use FDI to connect to the other banks. I believe anz, Bankwest and NAB have FDI card present links.
The recurring monthly payment the announcement mentions is likely to be the terminal rental fee. It's a good deal for mint but I still can't see the justified mkt cap especially knowing margins in this industry for a one machine terminal provider. I'm not sure of mints capability for card not present transactions but pretty certain the volume will come from a card present side as card not present market is well established and mint is really no where to be seen here.
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