June 30, 2014
On 25th June 2014, it was announced that leading provider of information technology solutions for the hospitality and retail industries- Micros Systems Inc. - and Elavon, a leading global payments provider, have integrated their respective gateway and security products to deliver encryption as well as tokenization for the hotel and food & beverage industries.
'MICROS' innovations in payment processing are allowing us to add value to our clients, and expanding our capabilities with Elavon typifies our approach,' stated the VP of ecommerce and Payments, Kevin King, in a press release. 'Our integrated approach provides business owners with direct access to a simple-to-implement solution that puts businesses on the fast-track to data security,' he added.
Some benefits to clients:
'At Elavon, we are highly focused on providing opportunities that help our clients grow. Offering an integrated payments approach with MICROS resolves a pain point for hoteliers, retailers and clients who face the complexities of managing a secure end-to-end payments process, commented the EVP and Head of Business Development for Elavon, North America, Ian Drysdale, in the same release. We can eliminate the headache so they can focus on delivering great client experiences.'
Elavon is wholly owned by U.S. Bancorp and provides end-to-end payment processing solutions and services to more than 1.3 Mn customers in the United States, Europe, Canada, Mexico, Brazil and Puerto Rico. As a top provider for hospitality, healthcare, retail, and public sector/education, Elavon's innovative payment solutions are designed to solve pain points for businesses from small to enterprise-sized, states the company.
We wrote a lot about tokenization in 2013 highlighting its importance.