Payment Solution: MICROS and Planet Payment to Provide Integrated Payment Solutions in Asia-Pacific
MICROS Financial Services, a division of MICROS-Fidelio Asia-Pacific and leading provider of information technology solutions for the global hospitality and specialty retail industries, and Planet Payment (LSE: AIM: PPT and PPTR), a leading international multi-currency payment and data processor, announced recently that they have enhanced their strategic partnership to deploy end-to-end integrated payment solutions to merchants utilizing MICROS point-of-sale applications in the lodging, food and beverage, cruise and retail sectors.
MICROS is an industry leading provider of information technology solutions to the global hospitality and specialty retail industries with more than 310,000 MICROS systems currently installed in table and quick service restaurants, hotels, motels, casinos, and leisure and entertainment operations in more than 130 countries. Through its global markets subsidiary, MICROS-Fidelio International, MICROS is also a premier provider of enterprise-wide integrated information technologies for the hotel industry with more than 20,000 hotels worldwide.
To support this integrated functionality, MICROS has established direct integration between the MICROS Payment Gateway and Planet Payment's processing platform to facilitate the seamless delivery of credit card transactions to a broader pool of Planet Payment supported acquiring banks and processors.
As part of this agreement, MICROS has modified its suite of point-of-sale applications to support Planet's multi-currency processing solutions: "Pay in Your Currency" and "FX Assured(R) - Planet Payment's Best Rate Guarantee".
Deployment will be focused in Asia-Pacific for all sectors.
The integrated nature of MICROS's and Planet Payment's solution means that merchants can link their credit card terminals and payment processing directly to their business management systems. Such integration will simplify reporting and reconciliation and increase the level of sales related management data available to merchants.
Commenting on the agreement, Kevin King, General Manager of MICROS Financial Services (Asia/Pacific) stated, --MICROS customers in all of our supported verticals have been seeking the benefits associated with both integrated payment solutions and pricing services, such as Planet Payment's "Pay in Your Currency Service" and "FX Assured". Now, through our partnership with Planet Payment, MICROS is able to deliver both simultaneously, as a single solution, to our merchant customers around the world, increasing their ROI.
Philip Beck, Chief Executive Officer of Planet Payment added, --The initiative announced today will facilitate the availability of integrated payments for all MICROS products to merchants operating in multiple locations and regions, in different currencies and using disparate acquiring banks through one common interface and platform.
For further information:
Acquiring banks, processors or merchants that are interested in
learning more about the enhanced MICROS point-of-sale solutions or
Planet Payment's multi-currency processing services may contact either
Kevin King, +86 21 6340 3585 x 6628, or Joel Mayer, Director of
Corporate Development at Planet Payment at +1.516.670.3200 or via
email at jmayer@planetpayment.com.
About Planet Payment(R)
Further information on Planet Payment (LSE: AIM: PPT and PPTR for
unrestricted and Reg S common shares respectively) can be found at:
www.planetpayment.com.
Planet Payment is a multi-currency payment and data processor,
enabling processors, acquiring banks and their merchants to accept,
process and reconcile credit card transactions in multiple currencies,
allowing cardholders to view prices and settle transactions in their
native currency. Planet Payment's systems also enable it to provide
enhanced data reporting and data management and integrated payment
solution support to merchants using multiple systems in different
countries. The "Pay in Your Currency" and "FX Assured - Planet
Payment's Best Rate Guarantee" services are components of Planet
Payment's suite of multi-currency processing solutions, which include
a multi-currency pricing e-commerce service and a Dynamic Currency
Conversion service. Planet Payment also recently launched
BuyVoice(TM), a mobile payment and commerce solution, which allows
merchants to accept payments and sell product to customers using any
mobile or landline phone.
Planet Payment is headquartered in New York and has offices in
Atlanta, Beijing, Bermuda, Hong Kong, Shanghai, Singapore and the
United Kingdom.
About MICROS Systems
MICROS Systems, Inc. provides enterprise applications for the
hospitality and retail industries worldwide. Over 310,000 MICROS
systems are currently installed in table and quick service
restaurants, hotels, motels, casinos, leisure and entertainment, and
retail operations in more than 130 countries, and on all seven
continents. In addition, MICROS provides property management systems,
central reservation and customer information solutions under the brand
MICROS-Fidelio for more than 20,000 hotels worldwide, as well as
point-of-sale and loss prevention products through its subsidiary
Datavantage for more than 50,000 specialty retail stores worldwide.
MICROS stock is traded through NASDAQ under the symbol MCRS.
For more information on MICROS and its advanced information
technology solutions for the hospitality industry, please contact
Louise Casamento, Vice President of Marketing at (443) 285-8144 or
(866) 287-4736. You can also visit the MICROS website at
www.micros.com or send an email to info@micros.com.
SOURCE: MICROS