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.”
By press release
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