Heartland Payment Systems and MICROS Systems Inc. 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 nation's largest payments processors, is the National Restaurant Association's official preferred provider of card processing, payroll, check management, tip management and gift marketing services 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 also are collaborating on other product innovations designed to protect transactions originated by MICROS's Simphony platform, an enterprise, service-oriented architecture POS product for the hospitality industry, with E3. That E3 is Heartland's 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 Heartland's processing and MICROS's POS system is expected to be completed in summer 2010.
