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Global Payments and Planet Payment Announce a Dynamic Currency Conversion Hospitality Solution in Canada

ATLANTA and LONG BEACH, N.Y., Nov. 5, 2014 (GLOBE NEWSWIRE) -- Global Payments Inc. (NYSE:GPN), one of the largest worldwide providers of payment solutions, and Planet Payment, Inc. (Nasdaq:PLPM), a leading international and multi-currency payment processor, today announced the launch of the MICROS Payment Gateway and HomeCurrencyPay solutions at a number of hotel properties across Canada.

The hospitality solution facilitates integrated payment support for the MICROS suite of products, as well as Global Payments' HomeCurrencyPay dynamic currency conversion powered by Planet Payment. Customized to meet the specific needs of the Canadian market, the solution includes support for EMV chip and PIN cards and Interac® Direct Payment, and provides the latest in security and fraud features including encryption and transaction tokenization.

Together, these products offer significant benefits to Canadian hospitality merchants and their guests. With the EMV-ready solution, merchants can increase compliance, reduce chargebacks and streamline their business reconciliation processes. Their international guests enjoy a more customized experience by providing an opportunity to pay for the stay in their own currency. Hotels continue to receive settlement and reporting in Canadian dollars.

These solutions are now live at all three Canadian Rocky Mountain Resort properties, the Buffalo Mountain Lodge, Emerald Lake Lodge and Deer Lodge. "As a boutique hotel, we are committed to providing our guests with the best possible service during their stay," said Allison Dean, Revenue Manager at Canadian Rocky Mountain Resorts. "These solutions improve efficiency and enhance security for our guests, with the added superior guest experience of allowing them to check-out in their own currency."

"Global Payments continues to demonstrate our commitment to delivering innovative products and services to the marketplace through strong partnerships. This solution coupled with HomeCurrencyPay, is a win-win for our restaurant and hospitality merchants," said René Bélanger, president of Global Payments Canada GP. "We look forward to continuing to work with Planet Payment to expand this comprehensive product offering to other merchants in Canada."

"Planet Payment is pleased to work with Global Payments to continue to launch these robust solutions to additional merchants throughout Canada," said Drew Soinski, Managing Director of the Americas at Planet Payment. "Designed to meet the needs of the Canadian hotelier, these products provide the tools necessary to improve operational efficiencies and customer payment experience."

About Global Payments

Global Payments Inc. (NYSE:GPN) is a leading provider of payment services for merchants, value added resellers, financial institutions, government agencies, multi-national corporations and independent sales organizations located throughout North America, Brazil, Europe and the Asia-Pacific region. Global Payments, a Fortune 1000 company, offers a comprehensive line of solutions and services 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 is a leading provider of international payment processing and multi-currency processing services. We provide our services in 23 countries and territories across the Asia Pacific region, North America, 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: Global Payments Inc. Investor contact: investor.relations@globalpay.com Jane Elliott 770-829-8234 Media contact: media.relations@globalpay.com Amy Corn 770-829-8755 Planet Payment Jill Raftery 516-670-3200 jraftery@PlanetPayment.com www.PlanetPayment.com

Source:Planet Payment