Integrated Card Exchange and Peoples Trust Payment Processing Solution for Canadian Market Fully Operational - News & Media Center - Planet Payment

Integrated Card Exchange and Peoples Trust Payment Processing Solution for Canadian Market Fully Operational

10/28/09

New York, USA and Vancouver, Canada – October 28, 2009—Integrated Card Exchange (ICE), an affiliate of CardWorks, Inc., and Peoples Trust, a leading provider of financial services in Canada, announced today that a comprehensive processing solution for the Canadian market, powered by Planet Payment [LSE: AIM: PPT and PPTR; OTCQX: PLPM], a leading multi-currency and data processor, is now live and fully operational. 

The turnkey solution provides Canadian merchants with a comprehensive suite of business-building tools designed to improve merchant efficiency and profitability.  The solution includes full domestic processing support for Visa® and MasterCard® including chip and pin, American Express®, JCB, and Interac® debit card transactions.  Additionally, merchants now have access to Planet Payment’s Pay in Your Currency™ and Multi-Currency Pricing services, which are driving additional sales opportunities and improving profitability by enabling customers to view pricing and pay in their home currencies. 

Merchants have a range of card acceptance solutions available to them to use in support of the service.  For brick-and-mortar merchants, Peoples Trust and ICE have selected Hypercom’s Optimum T4200 series of terminals which allows merchants in the retail and restaurant sectors to accept the full range of payment types, in addition to the Pay in Your Currency service.  E-Commerce and Mail Order / Telephone Order merchants have access to iPAY, Planet Payment’s robust suite of payment acceptance and business management tools.

“The ‘Pay in Your Currency’ feature is a first for Canada and is helping drive increased efficiency by looking at transactions in a new way and will assist merchants in servicing their customers while increasing profitability,” said Gerry Serratore Vice President of Marketing at Peoples Trust. “As a leading provider of financial services in Canada, we continually identify market needs and will implement solutions to meet them.”

Integrated Card Exchange will offer the solution directly to Canadian merchants and Independent Sales Organizations (“ISO”) as well as through US-based ISOs that are interested in processing solutions for merchants located in Canada. 

“Integrated Card Exchange selected Planet Payment because of the power, functionality and flexibility of their credit card processing solution. This relationship, coupled with our arrangement with Peoples Trust, allowed us to offer a powerful solution perfectly tailored to the unique needs of the Canadian marketplace,” said Matt Berman, Managing Director for Integrated Card Exchange. “Planet Payment’s solution will help us to retain and attract relationships with numerous Independent Sales Organizations in Canada and the U.S.”

“Planet Payment is excited that we are now live and fully operational in the Canadian market with Integrated Card Exchange and Peoples Trust,” said Philip D. Beck, Chief Executive Officer of Planet Payment.  “Planet Payment is a trusted partner of major global banks and merchants.  One of the cornerstones of our success is our ability to collaborate with our customers to develop and implement solutions that support and grow their business.”
ISOs or merchants that are interested in learning more about the Canadian solutions announced today should contact Matt Berman, Managing Director of Integrated Card Exchange at 516-576-0404 ext.2803 or via email at matt.berman@cardworks.com or Pauline Clark, Planet Payment’s General Manager for Canada at +905.632.0095 or via email at pclark@planetpayment.com.

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Inquiries to:

Peoples Trust
Robert Pain, VP Card Services     Tel: 1 604 331 2228
Gerry Serratore, VP Marketing     Tel: 1 416 640 4230

Integrated Card Exchange
Matt Berman, Managing Director     Tel: 1 516 576 0404 x2803
Marlene Greenberg, Corporate Communications     Tel: 1 516 576 0404 x2278

CJP Communications (US PR for Planet) ecleary@cjpcom.com

Emily Cleary/Thomas Rozycki Tel: +1 212 279 3115 x257

About Peoples Trust Company:
Peoples Trust has become a very successful provider of financial services by combining price competitive products with truly exceptional customer service and support. They maintain a unique and enviable position among Canada’s financial institutions as a result of long-term profitability, steady asset growth and the ability to perform above and beyond customers’ expectations. Peoples Trust is headquartered in Vancouver, British Columbia, Canada.

About Integrated Card Exchange:
Integrated Card Exchange (ICE) is a registered ISO of Peoples Trust and is an affiliate of CardWorks, Inc. (“CardWorks”). CardWorks is also the parent company of CardWorks Servicing, CardWorks Processing, CardWorks Acquiring, and Merrick Bank.  CardWorks provides merchant and card issuing services for financial institutions and ISOs that enable them to economically pursue their own goals and objectives. The services CardWorks provides are transparent to cardholders or merchants, with specifications driven by each individual organization’s needs.

About Planet Payment:
Planet Payment’s Common Shares trade in the UK on AIM under the symbols PPT for unrestricted Common Shares and PPTR for Reg S Common Shares and in the USA on the OTCQX under the symbol PLPM.

Planet Payment enables processors, acquiring banks and their merchants to accept process and reconcile credit card transactions in multiple currencies, allowing cardholders to view prices and settle transactions in their native currency. The Pay in Your Currency™ service is Planet Payment’s suite of multi-currency processing solutions, which includes a multi-currency pricing e-commerce service and a Dynamic Currency Conversion service. Planet Payment’s BuyVoice™, a mobile payment and commerce solution, allows merchants to accept payments and sell product to customers using any mobile or landline phone. With the iPAY™ gateway, Planet Payment also offers comprehensive Internet processing solutions for credit card and electronic check payments.

Planet Payment is headquartered in New York and has offices in Atlanta, Beijing, Bermuda, New Castle Delaware, London, Hong Kong, Shanghai and Singapore.