25.02.2008 13:00:00
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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 today 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® – 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®
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™,
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.
The MICROS logo is a registered trademark of MICROS Systems, Inc. All
other product and brand names are the property of their respective
owners.
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