General purpose pay disbursement solution for organizations large and small

What is MintCheetah™?

With MintCheetah you can:

Curtail unclaimed property and escheatment incidents
Eliminate lost or stolen checks
Reduce check fraud risk
Reduce bank account reconciliation time
Increase efficiency through contactless technology
Offer unbanked consumers instant convenience and security — cardholder funds are safe and secure in an FDIC-insured account
Provide peace of mind — if a card is lost or misplaced, the cardholder can immediately turn off the card in their mobile app, and reactivate when a replacement card is received
Offer a feature-rich, modern banking solution for unbanked consumers — deposit checks, receive employer direct deposits, make transfers, load cash, pay online bills, use ATMs, track account balances, and more
Reduce cash handling on site
Slash disbursement costs
Integrate directly with accounting and financial systems
Integrate directly with benefit/incentive software

DIRECT DISBURSEMENTS

Make funds available to beneficiaries immediately after being paid
Avoid the time, hassle and cost of issuing paper checks and buying postage
Provide beneficiaries access to payment info on mobile devices
Beneficiaries have multiple ways to spend their money, with no fees
Card option is convenient if beneficiaries don’t have a bank account or if they want to keep payments separate

MULTIPLE WAYS TO RECEIVE FUNDS

88%

organizations who have converted to electronic payments as a way to increase efficiency

Source: 2018 AFP Payments Cost Benchmarking Survey

74%

organizations that have experienced check fraud

Source: 2020 AFP Payments Fraud and Control Survey Report

$7.78

the average cost to issue a paper check — implementing electronic payments can save up to 93% in costs annually

Source: Aberdeen Group

Cost Comparison
500 checks per month

	Paper Checks $7.78 per check	Electronic Payments Nominal fee
Daily	$130.00	$8.16
Monthly	$3,890.00	$245.00
Annual	$46,680.00	$2,940.00
Savings		176.3%