MICROS and VeriFone Form Alliance to Fight Credit Card Fraud in Restaurants; MICROS Will Resell VeriFone Secure Payment Solutio
May 19 2006 - 8:16AM
Business Wire
MICROS Systems, Inc. (NASDAQ: MCRS), and VeriFone Holdings, Inc.
(NYSE: PAY), today announced a strategic alliance to arm the North
American restaurant industry with an integrated pay-at-the-table
solution that provides a more secure way to collect payments,
improves operational efficiencies and supports the consumer shift
to PIN debit. MICROS will resell VeriFone's customer-facing
electronic payment solutions, including the new Vx 670 mobile
payment system fully integrated with MICROS RES 4.0. The global
alliance between the companies provides the restaurant industry
with easier access to total solutions from two of the leading
suppliers in the industry. MICROS, a leading provider of
information technology solutions for the hospitality and retail
industries, offers complete information management solutions
including software, hardware, enterprise systems integration,
consulting and support. VeriFone is one of the largest providers of
electronic payment systems worldwide and an industry leader in
multi-application payment system deployments. "Card fraud has
migrated to restaurants and this alliance finally provides the
industry with an efficient integrated solution utilizing secure
payment technology that is already widely adopted in other major
retail segments," said VeriFone Chairman and CEO Douglas G.
Bergeron. "MICROS and VeriFone share a vision of extending secure
payment to the points of service that match consumer needs." "By
seamlessly integrating the VeriFone Vx 670 mobile payment device
with RES 4.0, MICROS provides a total solution to the hospitality
industry that is more secure, more convenient, and easier to deploy
than ever before," said Tom Giannopoulos, MICROS Chairman and CEO.
"With credit card skimming and fraud so prevalent today, the added
security and convenience for the customer will drive guest
satisfaction in any establishment." MICROS will resell a full range
of VeriFone customer-activated payment systems, including the new
QX720 outdoor payment system, the Omni 7000 family and the
multimedia-enabled MX870, in addition to the Vx 670. VeriFone's new
Vx 670 is the industry's smallest all-in-one wireless handheld
payment system that can be equipped with Wi-Fi communications for
pay at the table and carside service. The QX720 is an outdoor
payment solution to further extend POS cashless transactions for
convenience-oriented businesses that have drive-thru facilities,
such as quick-service restaurants and pharmacies. (Note to Editors:
VeriFone and MICROS will host a joint press conference at the NRA
Show 2006 in Chicago, Sunday, May 21, 2006, at 10:00 a.m., in Room
N226, North Hall, Level 2, McCormick Place.) Additional Resources:
www.verifone.com/hospitality About MICROS Systems, Inc. MICROS
Systems, Inc. provides enterprise applications for the hospitality
and retail industries worldwide. Over 220,000 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. About
VeriFone Holdings, Inc. (www.verifone.com) VeriFone Holdings, Inc.
("VeriFone") (NYSE: PAY), a global leader in secure electronic
payment technologies, provides expertise, solutions and services
for today with a migration strategy for tomorrow. VeriFone delivers
solutions that add value to the point of sale, resulting in
improved merchant retention and the generation of new sources of
revenue for its partners and customers. VeriFone solutions are
specifically designed to meet the needs of vertical markets
including financial, retail, petroleum, government and healthcare.
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