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Planet Payment Becomes Oracle Partner Network Gold Level Partner

LONG BEACH, N.Y., Feb. 17, 2016 (GLOBE NEWSWIRE) -- Planet Payment, Inc. (NASDAQ:PLPM), a leading provider of international and multi-currency transaction services, today announced that it has achieved Gold Partner status in Oracle Partner Network (OPN). As an Oracle Partner Network Gold member, Planet Payment is committed to establishing Oracle related knowledge in the delivery of payment processing solutions through Pay in Your Currency®, Planet Payment’s dynamic currency conversion solution, or Oracle Hospitality software such as OPERA Property Management System (PMS) and Simphony Point-of-Sale Systems.

Through Planet Payment’s solution, cardholder data tokenization and transaction encryption can offer enhanced payment security and facilitates PCI compliance. Planet Payment’s fully managed solution provides efficient implementation, with sophisticated online reporting that enables business views across cross-sections of hotel or restaurant properties on a country, regional or pan-regional basis, in virtually all currencies. Planet Payment’s support for credit and debit cards also includes EMV smartcard support (offline PIN, Online PIN and no PIN), UnionPay PIN debit and Interac PIN debit transactions.

Pay in Your Currency®, incorporated as part of the Oracle payments solution, allows hospitality merchants to offer their international customers the confidence and convenience of paying in their own currency. Merchants can reduce their cost of foreign card processing and provide a more personalized service, while continuing to be paid in their local currency.

“Planet Payment is enthused to achieve Gold Partner Status in the Oracle Partner Network,” said Robert Cox, President and Chief Operating Officer at Planet Payment. “It is recognition of our commitment to provide superior hospitality payments solutions to our joint customers with Oracle.”

With its Gold Partner Status, Planet Payment receives the benefit of being able to start developing specializations that will allow it to grow its business, increase its expertise, reach higher levels of customer retention, and create differentiation in the marketplace. Gold members also become eligible to resell all Oracle Technology products and can apply to resell Oracle Applications and Industry Solutions. In addition, they receive access to Oracle account representatives and My Oracle Support updates for all products, discounts on training, limited free assessment/exam vouchers, reduced rates on the purchase of Oracle licenses for internal use, discounts on advances customer services and more. For more information about the benefits of becoming an OPN Gold Level Partner, please visit: http://www.oracle.com/us/partnerships/index.htm

About Planet Payment

Planet Payment is a leading provider of international payment and transaction processing and multi-currency processing services. We provide our services in 23 countries and territories across the Asia Pacific region, North and South America, the Middle East, Africa and Europe, primarily through our more than 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.

About Oracle PartnerNetwork
Oracle Partner Network (OPN) Specialized is the latest version of Oracle's partner program that provides partners with tools to better develop, sell and implement Oracle solutions. OPN Specialized offers resources to train and support specialized knowledge of Oracle products and solutions and has evolved to recognize Oracle's growing product portfolio, partner base and business opportunity. Key to the latest enhancements to OPN is the ability for partners to differentiate through Specializations. Specializations are achieved through competency development, business results, expertise and proven success. To find out more visit http://www.oracle.com/partners.

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Planet Payment Contact: Jill Raftery Telephone: 516.941.1858 Email: Jraftery@planetpayment.com www.PlanetPayment.com

Source:Planet Payment