MICROS and VeriFone Form Alliance to Fight Credit Card Fraud in Restaurants
May 19 2006 - 11:07AM
PR Newswire (US)
MICROS Will Resell VeriFone Secure Payment Solutions; VeriFone's
New Vx 670 Mobile Payment System Fully Integrated with MICROS RES
4.0 CHICAGO, May 19 /PRNewswire-FirstCall/ -- NRA Show 2006, Booth
#4200 -- 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
multiapplication 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 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 Paul Armstrong, MICROS Chief Technology Officer.
"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 car side 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. About VeriFone
Holdings, Inc. (http://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.
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. 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 (800) 638-0985. You can also visit
the MICROS website at http://www.micros.com/ or send an email to .
The MICROS logo is a registered trademark of MICROS Systems, Inc.
All other product and brand names are the property of their
respective owners. DATASOURCE: MICROS Systems, Inc. CONTACT: Louise
Casamento, Director of Marketing of MICROS Systems, Inc.,
+1-443-285-8144; or Pete Bartolik of VeriFone, +1-508-283-4112, Web
site: http://www.micros.com/ http://www.verifone.com/
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