Merchant Link, provider of the leading comprehensive, secure payments data storage and interface network for retailers, today announced that its TransactionVault product has been validated by Visa USA as a Payment Application Best Practice (PABP).
The validation, part of Visa’s ongoing Cardholder Information Security Program, applies to the MICROS RES 3000 version 3.2 Service Pack 7 Hot Fix 5 and can now be found on the list of validated payment applications at http://www.visa.com/cisp.
Creating Technologies to Secure Customer Data
TransactionVault is an innovative security solution that safeguards consumers’ payment card and personal information by moving data from a merchant’s POS (point-of-sale) system to Merchant Link’s monitored, secure and fully Payment Card Industry (PCI) compliant environment.
“Compliance with evolving PCI security standards continues to be a huge issue for the merchant community, particularly in light of recent hacker attacks and fraudulent use of stolen payment card numbers,” said Christopher Justice, president, Merchant Link. “Incorporating TransactionVault and other best practices will help merchants protect their customers and grow their businesses, while meeting the complex industry standards.”
Driving Advances in the Restaurant and Lodging Industry
In November 2006, MICROS Systems, Inc., (Nasdaq: MCRS), the world’s leading provider of information technology solutions for the hospitality and specialty retail industries, partnered with Merchant Link to launch TransactionVault as part of its industry-leading Restaurant Enterprise Series point-of-sale solution (versions 3.2 and 4.1).
“MICROS is dedicated to offering its clients products that comply with all industry security standards,” added Tom Giannopoulos, chairman and chief executive, MICROS Systems, Inc. “Through our partnership with Merchant Link’s TransactionVault technology, we look forward to continuing to provide best-of- breed solutions that meet all security guidelines set forth by industry consortiums.”
Visa established certified PABPs to assist in the creation of secure payment applications that help ensure merchant compliance with Payment Card Industry Data Security Standards (PCI-DSS). In December 2006, Visa announced the Visa PCI Compliance Acceleration Program, which created new sanctions for merchants and acquirers in an effort to further merchant compliance with PCI standards.
About Merchant Link, LLC
Merchant Link provides comprehensive, secure solutions to the integrated point-of-sale industry, including high-end technical support and data transport services. Merchant Link currently supports more than 100,000 hotels, restaurants, ballparks, and other venues, and maintains connectivity to the major U.S. payment card processors. Founded in 1993 and headquartered in Silver Spring, Md., Merchant Link handles more than one billion transactions annually. Merchant Link has clients in all 50 states, Antarctica, Canada, Bermuda, South Korea and Japan. Visit http://www.merchantlink.com for more information.
MICROS Systems, Inc. provides enterprise applications for the hospitality and retail industries worldwide. Over 220,000 MICROS systems are currently installed in table and quick service restaurants, hotels, motels, casinos, leisure and entertainment, and retail operations in more than 130 countries, and on all seven continents.
In addition, MICROS provides property management systems, central reservation and customer information solutions under the brand MICROS-Fidelio for more than 20,000 hotels worldwide, as well as point-of-sale and loss prevention products through its subsidiary Datavantage for more than 50,000 specialty retail stores worldwide. MICROS stock is traded through NASDAQ under the symbol MCRS.
For more information on MICROS and its advanced information technology solutions for the hospitality industry, please contact Louise Casamento, vice president of marketing, at (443) 285-8144 or (866) 287-4736. Editors can also visit the MICROS website at http://www.micros.com or send an email to [email protected]