Shanghai, China and Long Beach, NY -- 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.
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