Heartland Payment Systems and MICROS Systems have reached an amicable settlement of a 2007 lawsuit, and have concluded a restructured and expanded business relationship in which they are now working together to bring new payments solutions to the restaurant, lodging, and retail industries.
Heartland, one of the nationâs largest payments processors, is the National Restaurant Associationâs official preferred provider of card processing, payroll, check management, tip management and gift marketing services (www.gofullcourse.com) and the official preferred provider of card processing, payroll, check management and tip management services for the American Hotel & Lodging Association. MICROS is a leading provider of information technology solutions for the hospitality and retail industries.
The two companies are finalizing development of interfaces that will better integrate their respective products. Heartland and MICROS are also collaborating on other product innovations designed to protect transactions originated by MICROSâs Simphony platform, an enterprise, service-oriented architecture POS product for the hospitality industry, with E3â¢. E3 is Heartlandâs end-to-end security solution designed to protect cardholder data from the moment of swipe, to and through its processing network, and to participating card brands.
Initial development work integrating Heartlandâs processing and MICROSâs POS system is expected to be completed in summer 2010.
About Heartland Payment Systems
Heartland Payment Systems, Inc. (NYSE: HPY), the 5th largest payments processor in the United States, delivers credit/debit/prepaid card processing, payroll, check management and payments solutions to more than 250,000 business locations nationwide. Heartland is the founding supporter of The Merchant Bill of Rights, a public advocacy initiative that educates merchants about fair credit and debit card processing practices. For more information, please visit HeartlandPaymentSystems.com, MerchantBillOfRights.org, CostOfABurger.com and E3secure.com.
About MICROS Systems, Inc.
MICROS Systems, Inc. provides enterprise applications for the hospitality and retail industries worldwide. Over 330,000 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 25,000 hotels worldwide, as well as point-of-sale, loss prevention, and cross-channel functionality through its MICROS-Retail division for more than 90,000 retail stores worldwide. MICROS stock is traded through NASDAQ under the symbol MCRS.