PAR Springer-Miller Deploys Secure Payment Processing Solutions in Hospitality
Technology Corporation (NYSE:PAR) and the leading provider of guest-centric hospitality management systems today announces the availability of Secure Payment Solutions (SPS), a secure payment processing solution for the hospitality industry.
independent payment gateway, and Global Payments Inc., one of the largest worldwide providers of payment technology services, PAR Springer-Miller created Secure Payment Solutions. This payment processing framework, designed to remove cardholder data from the property management system (PMS) and point-of-sale system (POS), provides simplified payment processing while reducing liability and costs for hoteliers. Secure Payment Solutions provides:
- The most secure payment processing technology, point-to-point encryption, to the hospitality industry
- World class partnership with the most trusted names in payment processing, Shift4 and Global Payments
- A framework designed to remove cardholder data from all PAR Springer-Miller PMS and POS solutions
- Technology that may further reduce costs related to PCI Security Standard compliance
Shift4 and Global Payments represent two of the largest payment technology service providers in theworld. They securely handle billions of transactions each year for leading hospitality, retail, ecommerce providers and other businesses. PAR Springer-Miller's Secure Payment Solutions employs Shift4's TrueTokenization® and point-to-point encryption (P2PE) to remove cardholder data at the point of entry. A guest's financial information is not exposed to the PMS and POS or systems. Cardholder data is encrypted, sent onward for authorization and returned as secure tokens. The integration with Global Payments enables hoteliers to accept credit and debit card payments effortlessly, offering a better customer experience and improving revenues.
"At PAR Springer-Miller, we are driven to deliver solutions to the hospitality industry that representsecure and contemporary means to process payments in the industry. The PAR Springer-Miller SPS product combined with security technology from Shift4 and integrated payment technology solutions from Global Payments brings a robust solution to the hospitality market," said Larry Hall, President and CEO of PAR Springer-Miller.
"Data security remains a very real threat to our industry, our customers, and their guests, and wehave the expertise and know-how to deliver a highly secure system for processing payments that gives our customers and guests the confidence they seek," commented Hall.
"Achieving this level of innovation requires the full collaboration and cooperation of our partners inthis endeavor – Shift4 and Global Payments – where we have common goals and a desire to create a highly secure environment. Efforts of this type and magnitude require a shared vision and desire to address a very real issue in the industry without hesitation. I'm delighted with the depth and breadth of the products and services PAR Springer-Miller, Shift4 and Global Payments created for our industry'" said Hall.
"We've spent the past two decades pioneering payment security technologies for the hospitalityspace," said Shift4 CEO Dave Oder. "We're thrilled to be partnering with PAR Springer-Miller to incorporate all of our current security technologies into their Secure Payment Solutions. Not only will they have our P2PE solution encrypting card data at the point of swipe, and TrueTokenization securing data at rest, but this solution will also deploy our patented 4Res® technology to tokenize data coming from the central reservation engine – truly preventing all cardholder data from entering the hotel's environment."
"We are delighted to be chosen as the payments services partner by PAR Springer-Miller. Our abilityto provide a breadth of integrated payment technology products is ideally suited to meet the needs of lodging and hospitality businesses, especially when combined with the strength of PAR Springer- Miller's other technology offerings. We continue to expand our technology channel across different vertical markets and segments," commented Eddie Myers, President of the Global Payments Integrated Solutions division.
This unique partnership provides a secure payment processing solution for all PAR Springer-Millerapplications that process payments including: ATRIO® PMS, ATRIO POS, SMS|Host, SMS|Touch and SpaSoft.
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