Planet Payment to integrate UnionPay into payment platform
AIM-listed multi-currency payment processor Planet Payment is to add support of China UnionPay's credit and debit cards to the MICROS Payment Gateway Systems.
AIM-listed multi-currency payment processor Planet Payment is to add support of China UnionPay's credit and debit cards to the MICROS Payment Gateway Systems.
MICROS Systems provides IT solutions for the hospitality and retail industries and its Payment Gateway has been integrated within Planet Payment's data centre and processing platform - this provides customers using Planet Payment's platform with access to MICROS's suite of enterprise hospitality products.
Through today's agreement, UnionPay card transactions can be processed directly through the MICROS point-of-sale systems, "providing hoteliers with a more efficient way to accept UnionPay credit and debit cards, as well as all other major payment types," the statement said. The service will be launched in the second quarter of 2012.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Planet Payment and UnionPay signed a global processing agreement earlier this month, meaning that it could add support of UnionPay to its transaction platform.
"Now any hotelier using the Planet Payment MICROS Payment Gateway can support the processing of UnionPay credit and debit cards and other major payment cards directly through their MICROS property management systems, enabling them to accept this important card product while enjoying the benefits of an integrated payment system," said Planet Payment's Chairman and Chief Executive Officer Philip Beck.
BC
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Savers tell Reeves: we'll snub stocks and shares ISAs even if cash limit is cutChancellor Rachel Reeves could find her rumoured plans to get Britain investing in UK Plc by cutting the cash ISA limit backfire as most savers have said they still wouldn’t switch to stocks and shares if she goes ahead with the move
-
Over 1 million pay 45% rate of income tax due to frozen thresholdsHundreds of thousands more people are being pushed into the additional rate tax band by fiscal drag
