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 •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.