ATLANTA--(BUSINESS WIRE)--Elavon, a leading provider of payment solutions and subsidiary of U.S. Bancorp (NYSE: USB) has signed a multi-year agreement with Wyndham Hotel Group to integrate secure payment technology for approximately 4,500 of the company’s more than 7,600 hotels over the next 18 months.
The integration leverages Elavon’s Fusebox gateway and Simplify payment security software application to remove cardholder data from each hotel’s Property Management System (PMS). This layered approach to security includes encryption, tokenization and EMV acceptance devices and helps hotels mitigate risk associated with PCI compliance and the EMV liability shift coming in October, 2015.
Guy Harris, president of Elavon North America, said, "Meeting the complex needs of our customers drives innovation cycles at Elavon, and bringing that cycle to life for Wyndham and its properties is a great opportunity for us to help position them as an industry leader when it comes to payment security in hospitality.”
Single Point of Contact: Gateway and Security
Elavon seamlessly integrates gateway and security solutions, providing an offering that addresses all the payment needs of a hospitality enterprise’s acceptance environment.
“Wyndham Hotel Group is in the midst of an industry-leading transformation when it comes to the technology, tools and resources that we make available to our franchisees,” said Keith Pierce, executive vice president, global systems operations at Wyndham Hotel Group. “We’re excited to be working with Elavon to offer what we believe to be part of a best-in-class solution.”
Using Fusebox, Elavon’s proprietary gateway solution, hotels mitigate the risk of having cardholder data stolen because they never have access to the data. When a customer pays with a credit or debit card for accommodations, goods or services via Elavon's Simplify payment software, Fusebox immediately creates a token, or a randomized number, that replaces the actual cardholder data, essentially isolating the real information from the hotel’s systems.
Tokenization is widely used in card-not-present environments such as e-commerce and is highly recommended as part of a layered approach to security and meeting PCI compliance requirements.
About Elavon (www.elavon.com)
Elavon is wholly owned by U.S. Bancorp (NYSE: USB) and provides end-to-end payment processing solutions and services to more than 1.3 million customers in the United States, Europe, Canada, Mexico, Brazil and Puerto Rico. As the #1 provider for airlines and a top five provider for hospitality, healthcare, retail, and public sector/education, Elavon’s innovative payment solutions are designed to solve pain points for businesses from small to enterprise-sized.
About Wyndham Hotel Group (www.wyndhamworldwide.com)
Wyndham Hotel Group is the world’s largest hotel company based on number of hotels and is one of three hospitality business units of Wyndham Worldwide (NYSE: WYN). As both a leading hotel brand franchisor and hotel management services provider, the company’s global portfolio consists of over 7,670 properties and over 667,000 rooms in 70 countries under the following brands: Dolce Hotels and Resorts® (acquired February 2015), Wyndham Grand® Hotels and Resorts, Wyndham Hotels and Resorts®, Wyndham Garden® Hotels, TRYP by Wyndham®, Wingate by Wyndham®, Hawthorn Suites by Wyndham®, Microtel Inn & Suites by Wyndham®, Ramada®, Baymont Inn & Suites®, Days Inn®, Super 8®, Howard Johnson®, Travelodge® and Knights Inn®. Wyndham Rewards, the company’s guest loyalty program offers more than 40 million members the opportunity to earn and redeem points at thousands of hotels across the world. For more information visit www.wyndhamworldwide.com.