MSI Introduces New Payment Platform
Wednesday May 29th, 2013 - 4:40PM MR
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PHOENIX, AZ—Multi-Systems, Inc. (MSI), a cloud services hospitality technology solutions provider, will unveil a new payment platform solution, MSI CloudPay, at HITEC, June 25-27 in Minneapolis.
According to the company, MSI CloudPay offers secure payment card capture, storage and transaction processing services through MSI’s simplified handling of advanced technologies (including tokenization, point-to-point encryption [P2PE] and MSI SecureRes).
Mark Loyd, chief strategy officer said in a statement, “Using MSI CloudPay as a payment card processing solution resolves 94% of all PCI mandates. This is a tremendous reduction of the work and money spent by hotel operators to keep their properties PCI validated.” According to the company, this system will reduce the cost for network equipment, security software, appliances and labor.
Tags: • Hospitality • Operational • Suppliers •
For the past few years, the talk of The Lodging Conference in Phoenix had been focused on the economic recovery, solid industry projections and “cautious optimism.” With the word cautious no longer necessary, the economic outlook took a backseat this year to the seemingly unending parade of new lifestyle brands.