LONG BEACH, N.Y., June 27, 2013 (GLOBE NEWSWIRE) -- Planet Payment, Inc. (Nasdaq:PLPM) (LSE:AIM:PPT), a leading international multi-currency payment processor, announced today that Vantiv, Inc. (NYSE:VNTV), a leading provider of payment processing services and related technology solutions for merchants and financial institutions of all sizes, launched Planet Payment's Pay in Your Currency at 85 Billabong locations across the United States. Billabong is a leading multi-brand, international manufacturing and distribution organization focused on surfwear and extreme sports apparel for individuals in the US and throughout the world.
"As a global brand with a large international following, Billabong's customers come and shop in our U.S. stores from across the globe," said Roger Moreno, retail IT manager at Billabong USA. "We strive to provide our valued international customers with a better, more comfortable shopping experience and we believe that the Pay in Your Currency solution – provided through Vantiv – helps us achieve this goal by allowing them to pay in their home currency."
The Pay in Your Currency service provides international shoppers paying for their purchases with Visa® or MasterCard® payment cards with the choice to pay in their home currency at the point of sale, rather than utilizing their financial institution to perform the conversion after the sale has been completed. The service provides greater clarity and certainty to international purchases by allowing the customer to pay in the currency that he or she knows best – their own.
"Vantiv is pleased to launch the Pay in Your Currency solution at Billabong," said Donald Boeding, president of merchant services at Vantiv. "It is our top priority to provide our merchant clients with innovative, value-added payment solutions that allow them to do more than simply process payments. Our relationship with Planet Payment is a prime example of how our partner relationships enable merchants like Billabong to increase sales and provide new payments functionality."
"The Pay in Your Currency solution eliminates the guess work associated with international transactions," said Philip D. Beck, chief executive officer of Planet Payment. "Savvy businesses, like Billabong, are looking for new ways to increase sales from their international clientele, improve customer service and increase profitability. Offering Pay in Your Currency allows businesses to accomplish these objectives."
Billabong International LTD (BBG.AX) (Pink Sheets:BLLAY) is an Australia-based leading multi-brand manufacturing and distribution company focused in the action sports market. Billabong manufactures and distributes soft and hard goods to over 100 countries and represents some of the biggest names in the industry, including Element Skateboards, Von Zipper, RVCA, Dakine, Swell.com, Honolua Surf, Kustom Footwear, Becker Surf, XCEL Wetsuits, Tigerlily, Palmers Surf, Nixon, GSM Retail Inc. and Canada based retail division West49. Billabong USA owns and manages 110 multi banner retail destinations throughout the continental U.S. including AK and HI, and over 200 retail locations in Canada managed and operated under the West49 umbrella.
About Vantiv, Inc.
Vantiv, Inc. (NYSE:VNTV) is a leading, integrated payment processor differentiated by a single, proprietary technology platform. Vantiv offers a comprehensive suite of traditional and innovative payment processing and technology solutions to merchants and financial institutions of all sizes in the U.S., enabling them to address their payment processing needs through a single provider. We build strong relationships with our customers, helping them become more efficient, more secure and more successful. Vantiv is the third largest merchant acquirer and the largest PIN debit acquirer based on number of transactions in the U.S. The company's growth strategy includes expanding further into high growth payment segments, such as ecommerce, mobile, prepaid and information solutions, and attractive industry verticals, such as business-to-business, government, healthcare and education. For more information, visit www.vantiv.com.
About Planet Payment
Planet Payment (Nasdaq:PLPM) (LSE:PPT) is a leading provider of international payment processing and multi-currency processing services. Planet Payment provides services in more than 20 countries and territories across the Asia Pacific region, North America, the Middle East, Africa and Europe, primarily through our more than 50 acquiring bank and processor customers. The Company's point-of-sale and e-commerce services help merchants sell more goods and services to consumers, and together with ATM services, are integrated within the payment card transaction flow enabling 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. For up-to-date information follow Planet Payment on Twitter at @PlanetPayment or join Planet Payment's Facebook page.
CONTACT: Media Contacts Planet Payment Joel Mayer Telephone: 516.670.3200 email: email@example.com www.planetpayment.com ICR (US PR for Planet Payment) Don Duffy / Dara Dirks Telephone: 646.277.1212 Redleaf Polhill (UK PR for Planet Payment) Emma Kane / Rebecca Sanders-Hewett / David Ison Telephone: +44.20.7382.4730 Email: firstname.lastname@example.org Vantiv Andrew Ciafardini Telephone: 513.900.5308 email: Andrew.Ciafardini@Vantiv.comSource:Planet Payment