Planet Payment Announces TSYS Certification of iPAY Gateway

LONG BEACH, N.Y., March 11 /PRNewswire-FirstCall/ -- Planet Payment (LSE: AIM: PPT and PPTR; OTCQX: PLPM), a leading multi-currency and data processor, is pleased to announce that it has completed and received certification of the Company's iPAY® payment gateway on the TSYS Acquiring Solutions (TSYS) processing platform. The certification announced today allows TSYS customers to enjoy the robust iPAY payment gateway features, including tools that allow merchants to grow their business by more effectively tapping into foreign markets.  

TSYS currently offers a Multi-Currency Pricing service, powered by Planet Payment, which allows merchants to better reach international markets through price localization.  With Multi-Currency Pricing, merchants can increase their global sales and convert more international browsers into customers when they shop, view pricing, and pay in their home currencies – an essential component to any merchant's international sales strategy.  Now, through this certification, TSYS acquirer and ISO customers can offer merchants a complete global e-commerce solution – including full domestic credit, debit and ACH processing and seamless support of the Multi-Currency Pricing service – through the ease of a US based merchant account settling in US dollars.

"The certification of the iPAY gateway by TSYS will provide their customers with a powerful e-commerce and card-not-present product suite including a robust Multi-Currency Pricing service, which can deliver significant new revenues and provide a powerful competitive differentiator and merchant retention tool to the merchant acquiring industry," said Joel Mayer, SVP of Product Management.

The iPAY gateway also features one of the industry's most flexible recurring billing engines to manage subscription billing and customer notices in real-time.  Another key component of the gateway, iPAY Tokens™, helps protect sensitive customer payment account data, by encrypting and assigning a unique token that is stored securely in Planet Payment's PCI compliant data vault.  Merchants have the ability to process payments by passing the token, rather than handling and storing sensitive customer data, facilitating a merchant's PCI compliance and reducing exposure related to the storage of customer account data.

Planet Payment welcomes inquiries from merchants, ISOs and agents seeking transaction processing solutions in the e-Commerce, point-of-sale and mobile segments.  Please visit our website at www.planetpayment.com or call 800-489-0174 to find out how our innovative products and services can help your business.

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.

SOURCE Planet Payment