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MICROS Launches MICROS Payment Gateway Globally with Integration to Planet Payment for the Global Hospitality, Restaurant and Retail Sectors

  • Oracle Hospitality Food and Beverage Solutions
  • 05.23.11
MICROS Systems, Inc., a leading provider of information technology solutions for the hospitality and retail industries, announced the global launch of the MICROS Payment Gateway (MPG) along with an agreement with Planet Payment, Inc. (LSE: AIM: PPT and PPTR; OTCQX: PLPM), a leading multicurrency payment processor, to offer integrated payment solutions to the hospitality, retail and restaurant markets.

The MICROS Payment Gateway is a payment gateway solution designed to specifically facilitate integrated payment support for the MICROS suite of enterprise hospitality products, including OPERA, MICROS 3700, MICROS 9700 and Simphony. As part of the agreement announced today, the MICROS Payment Gateway will integrate within Planet Payment's data center and processing platform, with MICROS providing merchants with direct customer service and support. As a result of this arrangement, any acquirer or processing customer utilizing Planet Payment's global platform now has access to the integrated MICROS solution.

The MICROS Payment Gateway provides the latest in security and fraud features and is fully compliant with all applicable Card Association requirements, including the PCI-DSS and PA-DSS standards. MPG also features end-to-end encryption and transaction tokenization, easing the PCI burden for the hospitality industry. MPG will support Planet Payment's "Pay in Your Currency"® solution, also referred to in the industry as Dynamic Currency Conversion (DCC). With PYC, MICROS customers can provide an enhanced level of customer service by offering international guests the choice to pay in their home currency. The solution is specifically tailored to meet the local processing needs of acquirers and their merchants, including the various flavors of EMV and local debit products such as lnteracTM, the most popular debit card in Canada.

"We are pleased to announce the global launch of the MICROS Payment Gateway and to partner with Planet Payment on this solution," stated Peter Rogers, executive vice president, MICROS Systems, Inc. "Our partnership with Planet Payment will allow us to deliver dynamic currency conversion capabilities to customers around the world."

"Planet Payment is dedicated to providing banks and merchants with innovative solutions that improve efficiency and profitability," added Philip Beck, chairman and chief executive officer of Planet Payment. "Through this arrangement, we can now offer our customers a single end-to-end solution that satisfies MICROS merchants across all supported verticals and geographies - whether the merchant is seeking to better serve their international clientele through our Pay in Your Currency service or a domestic solution for
EMV and debit support. We look forward to offering this solution to our base of customers in North America, Asia Pacific, the Middle East and Africa."

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