LONG BEACH, N.Y., May 24, 2011 (GLOBE NEWSWIRE) -- Planet Payment, Inc. (LSE:PPT) (AIM:PPT) and (LSE:PPTR) (OTCQX:PLPM), a leading multi-currency payment processor, announced an agreement with MICROS Systems, Inc., a leading provider of information technology solutions for the hospitality and retail industries, to offer integrated payment solutions to the hospitality, retail and restaurant markets on a global basis.
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."
SVP Product Management & Marketing
Tel: +1 516 304 9465
Redleaf Polhill (UK PR for Planet Payment)
Emma Kane /Rebecca Sanders-Hewett / Henry Columbine
Tel: +44 20 7566 6700
HJMT Communications, LLC (US PR for Planet Payment)
Hilary Topper / Kristie Galvani / Lisa Gordon
Tel: +1 516 997 1950
Vice President of Marketing
MICROS Systems, Inc.
Tel: +1 443 285 8144
About Planet Payment
Planet Payment's Common shares trade in the UK on AIM under the symbols PPT for unrestricted Common shares and PPTR for Reg S Common shares and in the United States on the OTCQX under the symbol PLPM.
Planet Payment is a leading international payment and data processor, providing banks and their merchants with innovative solutions to accept, process and reconcile payments, anytime, anywhere and in any currency. Our customer base of more than 45 acquiring banks and processors stretches from North America, to the Middle East, to Asia Pacific, including China, Hong Kong, Macau, Taiwan, Malaysia and India.
Planet Payment is headquartered in New York and has offices in Atlanta, Beijing, Bermuda, Delaware, London, Hong Kong, Shanghai and Singapore. Visit www.planetpayment.com for more information on the Company and its services. For up-to-date information follow Planet Payment on Twitter at @PlanetPayment or join Planet Payment's page on Facebook.
About MICROS Systems, Inc.
MICROS Systems, Inc. provides enterprise applications for the hospitality and retail industries worldwide. Over 330,000 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 26,000 hotels worldwide, as well as point-of-sale, loss prevention, and cross-channel functionality through its MICROS-Retail division for more than 100,000 retail stores worldwide
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 firstname.lastname@example.org.
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