Oracle and FreedomPay Deliver Future of Consumer Payments
OREANDA-NEWS. January 16, 2018., Oracle Hospitality a trusted provider of hardware, software and services to hospitality operators and FreedomPay, a leader in secure commerce technology for lodging, gaming, retail, restaurants, stadiums and other hospitality merchants, announced their collaboration to provide secure payment processing for conference attendees at the Jacob K. Javits Center in New York City. The companies have integrated FreedomPay’s Advanced Commerce Platform with Oracle Hospitality’s MICROS point-of-sale devices to provide full EMV support to over 175 events annually supporting over 35,000 global companies.
The customer facing devices, as well as the handheld pay-at-table devices, support EMV contact and contactless payments—enabling patrons from around the world to easily leverage their local bank-issued payment cards. Furthermore, the contactless EMV support enables customers to save valuable time by simply tapping their payment card on the reader versus inserting their card into the device, the combined payment solution enables consumers to utilize the payment options they desire.
The integration between FreedomPay and Oracle Hospitality is another example of Oracle delivering additional value for hospitality customers through integrations that extend the value of POS investments. In addition to providing durable and compact point-of-service terminals, Oracle Hospitality offers a fully integrated portfolio of hardware and software solutions that enable food and beverage operations to streamline managerial tasks, increase speed of service and elevate the guest experience.
“The NRF conference is about showcasing the technology that will build future customer experiences and with FreedomPay we’ll be highlighting the potential of contactless EMV payments in the hospitality industry at food vendors across the Jacob K. Javits Center,” said Laura Calin, vice president of strategy, Oracle Hospitality. “Contactless EMV payments represent an opportunity for retailers and food and beverage operators to improve the guest experience by accelerating the check out process during peak retail seasons and high volume hospitality applications.”
“Contactless payments deliver a fast, simple and secure experience at the point of sale, while also helping merchants increase speed of service and grow sales volume,” said Dan Sanford, vice president, consumer products, Visa. “We’re pleased that all Javits Center attendees will now be able to tap to pay quickly and easily with their contactless cards, mobile phones, or connected devices.”
The FreedomPay Advanced Commerce Platform is one of the first the first PCI-validated point-to-point encryption (P2PE) solution with EMV, NFC, Dynamic Currency Conversion and real-time data capabilities that delivers on a global scale. With P2PE, valuable consumer payment data is protected from the moment the card is inserted into the MICROS point-of-sale device, in transit, and at rest in the merchant’s environment. FreedomPay is Platinum level member of Oracle PartnerNetwork (OPN).
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