Planet Payment Launches Canadian Terminal With Dynamic Currency Conversion

LONG BEACH, N.Y., Oct. 29, 2014 (GLOBE NEWSWIRE) -- Planet Payment, Inc. (Nasdaq:PLPM) a leading provider of international and multi-currency payment processing services, today announced the availability of a new terminal application with dynamic currency conversion for the Ingenico Tellium 2® suite of products.

The terminal application supports the major international card types and Interac®, Canada's leading payment brand and is fully EMV Chip and Pin enabled. The application also features Pay in Your Currency®, Planet Payment's Dynamic Currency Conversion solution. With Pay in Your Currency, the international customer is provided the choice to complete the transaction in their own currency, or in Canadian dollars. The customer gets the benefit of knowing, at the time of the transaction, exactly how much they are spending in their own currency, while the merchant continues to receive settlement in Canadian dollars. This stand-alone terminal application will be rolled out to Planet Payment Canada's network of ISOs, acquirers and merchants.

Ingenico has been a leader in the payment terminal industry for the past 30 years. The Ingenico Telium 2 offers reinforced payment security by integrating added features, like deletion of sensitive data and terminal cut-off. It also streamlines management of multiple applications and services, whether its credit or debit operations or EMV chip, mobile NFC and contactless payments.

"Planet Payment is eager to launch our new terminal application in Canada," said Drew Soinski, Managing Director of the Americas. "The new application is tailored to meet the specific requirements of the Canadian market while our Pay in Your Currency solution delivers benefits to both merchants and their customers."

About Planet Payment

Planet Payment is a leading provider of international payment processing and multi-currency processing services. We provide our services in more than 20 countries and territories across the Asia Pacific region, the Americas, the Middle East, Africa and Europe, primarily through our 70 acquiring bank and processor customers. Our point-of-sale and e-commerce services help merchants sell more goods and services to consumers, and together with our ATM services are integrated within the payment card transaction flow enabling our acquiring customers, their merchants and consumers to shop, pay, transact and reconcile payment transactions in multiple currencies, geographies and channels.

Planet Payment is headquartered in New York and has offices in Atlanta, Beijing, Bermuda, Delaware, Dubai, Dublin, London, Hong Kong, Mexico City, Shanghai and Singapore. Visit www.planetpayment.com for more information about the Company and its services.

CONTACT: Planet Payment Contact: Jill Raftery Telephone: 516.941.1858 email: jraftery@PlanetPayment.com www.PlanetPayment.com

Source:Planet Payment