The popular VeriFone® Omni 3750 payment terminal was chosen by Plug’n Pay due to its SSL and IP/Ethernet capability. Transactions are securely routed over the internet (Retail over IP) to the world-class payment gateway infrastructure of Plug’n Pay and then onto any of the major credit card payment processors. Retail merchants using this new product get the functionality of a traditional high-speed point-of-sale terminal along with all the value-added services to which Plug’n Pay e-Commerce merchants have long been accustomed, including real-time online transaction reporting and management. Using this new product, e-Commerce merchants with “brick and mortar” establishments can now seamlessly integrate their online and physical-world payment processes into one service provider.
In addition, merchants using the Plug’n Pay retail payment terminal can also enjoy the benefits of Dynamic Currency Conversion. Utilizing Planet Payment’s conversion system, the Plug’n Pay retail payment terminal can identify a transaction from a customer using a credit card issued by a foreign card provider and present the customer with a choice, at the time of the sale, to complete the transaction in either the merchant’s currency or the cardholder’s home currency.
Planet Payment performs the conversion at an exchange rate competitive to that which would be offered by the customer’s credit card provider. If the cardholder chooses to pay in his home currency, the Plug’n Pay Omni 3750 prints a receipt, including the transaction amount in the merchant’s currency and the cardholder’s home currency, together with the applicable exchange rate, for the cardholder’s signature. The cardholder’s credit card is billed in exactly the amount that appears on his receipt.
“Plug’n Pay has always been at the forefront of providing cutting-edge credit card processing solutions to our Internet merchants,” said David Price, President of Plug’n Pay. “Our merchants have been asking us to apply the superior technology and features that we offer for e-Commerce transactions – such as dynamic currency conversion for international transactions – to their ‘brick and mortar’ stores, and our introduction of the Omni 3750 answers those requests. We are extremely pleased to be bringing this new Point-of-Sale capability to our customers and having DCC by Planet Payment also available on the retail terminal is an ideal combination of services.”
About Plug & Pay Technologies, Inc.™
Plug and Pay Technologies, Inc., founded in 1996, is a leading provider of payment and digital fulfillment solutions for Internet merchants. Plug’n Pay’s payment systems allow merchants to accept and manage both credit card and electronic check payments in a secure environment. Plug’n Pay’s industry leading digital fulfillment systems allow merchants to offer digital goods for real-time fulfillment and to manage and maintain online membership and recurring billing services. Plug’n Pay is integrated with the most complete selection of the payment industry's processing centers which allows them to provide their on-line payment solutions to any and all customers. Plug’n Pay’s services can be located through its web site www.plugnpay.com or through its reseller partners.
Contact Information Randy Ridings, VP Sales 631.761.0159, x104 rridings@plugnpay.com
About Planet Payment™
Planet Payment™ is the trade name for Planet Group, Inc. and its subsidiaries. A specialty multi-currency payment processor since 1999, Planet Payment has become a market leader in the burgeoning new field of time-of-sale, or "dynamic", currency conversion, a service in which a credit card transaction is converted from the currency in which the merchant offers its goods into the currency in which the customers' credit card is billed at the time of sale. Planet Payment provides its dynamic currency conversion service on behalf of merchant “acquiring” banks and processors that participate in Planet Payment’s program. For more information about Planet Payment, please visit www.planetpayment.com.
Contact Information Thomas J. DeLuca SVP, Corporate Development tdeluca@planetpayment.com 516.670.3200, ext 118
Both VeriFone and Omni 3750 are registered trademarks of the Verifone Corporation.