LONG BEACH, N.Y. and VAN NUYS, Calif., June 14, 2011 (GLOBE NEWSWIRE) -- Planet Payment (LSE:PPT) (AIM:PPT) and (LSE:PPTR) (OTCQX:PLPM), a leading international payment processor, and International Checkout, a leading third-party payment and fulfillment service for US retailers selling globally online, announced today an expansion of their multi-currency pricing agreement. Planet Payment's Multi-Currency Pricing via its iPAY Global Gateway helps online merchants more effectively target international markets with pricing and payment transparency in any supported currency, through the ease of a single US-based merchant account.
International Checkout will now offer an additional twenty cardholder acceptance currencies - including the Turkish Lira, the Egyptian Pound, the Iceland Krona and the Belize Dollar, thereby bringing its total currency offering to over 65 currencies. To attract more merchants and help them sell more goods around the world, International Checkout has also agreed to take advantage of Planet Payment's multi-currency processing support of JCB cards, enabling Japanese holders of JCB cards to pay in their own currency. The company will also extend Planet Payment's multi-currency payment processing services to its newly launched Enterprise Solution, which enables a US online retailer to login to International Checkout's database and print shipping labels and customs documentation.
Since launching these multi-currency processing services in 2009, International Checkout has seen a substantial increase in its sales to buyers from outside the United States using credit and debit cards. By partnering with Planet Payment, International Checkout has enhanced the international customer experience for its 500-plus merchant set.
"Planet Payment's goal has always been to help merchants target new markets, and sell more goods and services," said Drew Soinski, Managing Director of the Americas "Our partnership with International Checkout demonstrates how our multi-currency payment processing solutions can help merchants increase sales, by helping them tap into new markets and convert more international browsers to customers."
"We are very excited to offer additional services that make selling and shipping internationally easier for our customers," says International Checkout CEO and President, Saskia Chiesa. "Our goal is to make selling globally as seamless for our merchants as possible. Through valued partnerships with companies like Planet Payment and with the launch of our new Enterprise Solution, we continue to deliver solutions that make accessing the international e-Commerce marketplace as easy as possible."
Planet Payment, Inc.
Tel: +1 561 859 0901
Tel: +1 310 430 0561
HJMT Communications, LLC
Hilary Topper / Kristie Galvani / Lisa Gordon
Tel: +1 516 997 1950
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.
About International Checkout
Since 2003, International Checkout has been the leading global e-commerce solution, providing U.S. retailers access to the billions of dollars spent online by international consumers without risk or difficulty. By shifting fraud management, fulfillment, customs clearance, landed costs, merchandise returns, and customer service to International Checkout; more than 500 U.S. retailers have effectively overcome the challenges of conducting business worldwide. Consumers around the globe transact effortlessly with the click of an International Checkout button, receiving real time price quotes in their own local currency, including duties and taxes at a guaranteed rate, and world class customer care.
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