Elavon Inks Multi-year Deal With Wyndham Hotel Group - Quick Facts

(RTTNews) - Elavon, subsidiary of U.S. Bancorp (USB) said it has signed a multi-year agreement with Wyndham Hotel Group to integrate secure payment technology for about 4,500 of the company's more than 7,600 hotels over the next 18 months.

The integration leverages Elavon's Fusebox gateway and Simplify payment security software application to remove cardholder data from each hotel's Property Management System or PMS. This layered approach to security includes encryption, tokenization and EMV acceptance devices and helps hotels mitigate risk associated with PCI compliance and the EMV liability shift coming in October, 2015.

Guy Harris, president of Elavon North America, said, "Meeting the complex needs of our customers drives innovation cycles at Elavon, and bringing that cycle to life for Wyndham and its properties is a great opportunity for us to help position them as an industry leader when it comes to payment security in hospitality."