ATLANTA and LONG BEACH, N.Y., Jan.
18, 2011 /PRNewswire/ -- Global Payments Inc. (NYSE: GPN), a
leader in electronic transaction payment processing, and Planet
Payment, Inc. (LSE: AIM: PPT and PPTR; OTCQX: PLPM), a leading
multi-currency payment and data processor, today announced
agreements to provide multi-currency processing services. The
agreements include the offering of Global HomeCurrencyPay™, an
innovative multi-currency processing solution powered by Planet
Payment, to Global Payments' base of ISO and merchant customers in
the United States and Canada.
(Logo: http://photos.prnewswire.com/prnh/20010221/ATW031LOGO
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Global HomeCurrencyPay will offer significant value-added
services to merchants, allowing their customers the flexibility to
process transactions in the cardholders' home currencies while
knowing the exact purchase amounts before the statements arrive, as
well as reducing processing costs for overseas card transactions.
Multi-currency Pricing will provide merchants the opportunity
to attract more international customers with the ability to view
pricing and pay in many foreign currencies. These solutions also
provide Global Payments with a sales edge in a highly-competitive
market by supplying a dynamic new tool intended to improve product
offerings, expand merchant portfolios and enhance merchant
loyalty.
Unlike other products, the Global Payments and Planet Payment
solutions enable merchants to participate through the ease and
convenience of a standard merchant account, in the merchant's local
currency. They continue to receive all funding from Global
Payments in U.S. or Canadian Dollars with the same funding schedule
as their domestic transaction activity, avoiding complications and
funding delays.
These agreements announced today expand the current relationship
between Global Payments and Planet Payment dating back to
November 2007 covering the provision
of the Global HomeCurrencyPay service in China, Hong
Kong, Macau, Taiwan, Brunei, India, Malaysia, Singapore, Sri
Lanka, the Maldives and
the Philippines.
"Global Payments continually aims to offer its merchants and
ISOs superior products and solutions and we are very excited to
offer Global HomeCurrencyPay, powered by Planet Payment to our
customers," said Sid Singh, Vice
President, Corporate Product for Global Payments Inc. "Global
Payments has been offering Global HomeCurrencyPay to its merchants
in Asia Pacific since 2007, with
positive market reaction and substantial merchant uptake in the
region."
"The adoption of Planet Payment's multi-currency processing
services has increased dramatically over recent years as more
merchants around the world view the services as powerful tools to
help improve sales, customer satisfaction, and net profits," said
Philip Beck, Chairman and CEO of
Planet Payment. "As a provider of quality payment solutions
to the U.S. and Canadian business communities, we are excited to
partner with Global Payments, one of the leaders and innovators in
the field."
About Global Payments
Global Payments Inc. (NYSE: GPN) is a leading provider of
electronic transaction processing services for merchants,
Independent Sales Organizations (ISOs), financial institutions,
government agencies and multi-national corporations located
throughout the United States,
Canada, Europe, and the Asia-Pacific region. Global Payments, a
Fortune 1000 company, offers a comprehensive line of processing
solutions for credit and debit cards, business-to-business
purchasing cards, gift cards, electronic check conversion and check
guarantee, verification and recovery including electronic check
services, as well as terminal management. Visit
www.globalpaymentsinc.com for more information about the company
and its services.
About Planet Payment
Planet Payment's Common shares trade in the UK on AIM under the
symbols PPT for unrestricted Common shares and PPTR for Reg S
Common shares and in the United
States on the OTCQX under the symbol PLPM.
Planet Payment is a leading international payment and data
processor, providing banks and their merchants with innovative
solutions to accept, process and reconcile payments, anytime,
anywhere and in any currency. Our customer base of more than 45
acquiring banks and processors stretches from North America, to the Middle East, to Asia
Pacific, including China,
Hong Kong, Macau, Taiwan, Malaysia and India.
Planet Payment is headquartered in New
York and has offices in Atlanta, Beijing, Bermuda, Delaware, London, Hong
Kong, Shanghai and
Singapore. Visit
www.planetpayment.com for more information on the Company and its
services. For up-to-date information follow Planet Payment on
Twitter at @PlanetPayment or join Planet Payment's page on
Facebook.
Global Payments
Inc.
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Amy W. Corn
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(770) 829-8389
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amy.corn@globalpay.com
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Planet Payment,
Inc.
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Joel Mayer
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(516) 670-3200
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jmayer@planetpayment.com
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Redleaf Communications (UK PR
for Planet Payment)
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Emma Kane/Samantha
Robbins/Rebecca Sanders-Hewett/Henry Columbine
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+44 20 7566 6700
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planet@redleafpr.com
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HJMT Communications, LLC (U.S.
PR for Planet Payment)
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Hilary Topper
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(516) 997-1950
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hilary@hjmt.com
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SOURCE Global Payments Inc.