Long Beach, New York – January 19, 2009—Planet Payment [LSE: AIM: PPT and PPTR; OTCQX: PLPM], a leading multi-currency and data processor, announced that its Pay in Your Currency service, known in the industry as Dynamic Currency Conversion, is now being offered at Dillard’s, Inc., one of the largest fashion apparel and home furnishings retailers in the United States. The service is being offered through Fifth Third Processing Solutions, (Cincinnati, Ohio) Dillard’s current credit card acquirer.
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 allowing their issuing bank 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.
“Dillard’s has been offering DCC since 2006, and we believe that our international customers appreciate the option to pay for their purchases in their home currency,” said Dillard’s Treasurer Sherrill Wise. “Now with the Fifth Third and Planet Payment solution, our customers can continue to enjoy the benefits that flow from the DCC service, as part of a superior processing solution that operates seamlessly within our point-of-sale and back-office functions.”
“Planet Payment is pleased to have the opportunity to offer our premier Pay in Your Currency service at Dillard’s locations across the United States,” said Philip D. Beck, Chief Executive Officer of Planet Payment. “We believe that our solution eliminates the guess work associated with international transactions and allows Dillard’s to provide their international customers with a more personalized service.”
Planet Payment, Inc.
www.planetpayment.com
Joel Mayer, Director, Corporate Development
Tel: +1 516 670 3200
ICR, Inc. (US PR for Planet Payment)
Brian Prenoveau, CFA / Ashley Ammon
Tel: +1 203 682 8200
Redleaf Communications (UK PR for Planet Payment)
planet@redleafpr.com
Emma Kane / Samantha Robbins / Rebecca Sanders-Hewett / Henry Columbine
Tel: +44 20 7566 6700
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.