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MSI Introduces New Payment Platform

Wednesday May 29th, 2013 - 4:40PM

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.

—Nicole Carlino