Billabong US Launches Planet Payment's Pay in Your Currency(R) Solution
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
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."
Billabong International LTD (BBG.AX) (Pink Sheets:BLLAY) is an Australia-based
leading multi-brand manufacturing and distribution company focused in the
action sports market. Billabong manufactures and distributes soft and hard
goods to over 100 countries and represents some of the biggest names in the
industry, including Element Skateboards, Von Zipper, RVCA, Dakine, Swell.com,
Honolua Surf, Kustom Footwear, Becker Surf, XCEL Wetsuits, Tigerlily, Palmers
Surf, Nixon, GSM Retail Inc. and Canada based retail division West49.
Billabong USA owns and manages 110 multi banner retail destinations throughout
the continental U.S. including AK and HI, and over 200 retail locations in
Canada managed and operated under the West49 umbrella.
About Vantiv, Inc.
Vantiv, Inc. (NYSE:VNTV) is a leading, integrated payment processor
differentiated by a single, proprietary technology platform. Vantiv offers a
comprehensive suite of traditional and innovative payment processing and
technology solutions to merchants and financial institutions of all sizes in
the U.S., enabling them to address their payment processing needs through a
single provider. We build strong relationships with our customers, helping
them become more efficient, more secure and more successful. Vantiv is the
third largest merchant acquirer and the largest PIN debit acquirer based on
number of transactions in the U.S. The company's growth strategy includes
expanding further into high growth payment segments, such as ecommerce,
mobile, prepaid and information solutions, and attractive industry verticals,
such as business-to-business, government, healthcare and education. For more
information, visit www.vantiv.com.
About Planet Payment
Planet Payment (Nasdaq:PLPM) (LSE:PPT) is a leading provider of international
payment processing and multi-currency processing services. Planet Payment
provides services in more than 20 countries and territories across the Asia
Pacific region, North America, the Middle East, Africa and Europe, primarily
through our more than50 acquiring bank and processor customers. The Company's
point-of-sale and e-commerce services help merchants sell more goods and
services to consumers, and together with ATM services, are integrated within
the payment card transaction flow enabling acquiring customers, their
merchants and consumers to shop, pay, transact and reconcile payment
transactions in multiple currencies, geographies and channels.
Planet Payment is headquartered in New York and has offices in Atlanta,
Beijing, Bermuda, Delaware, Dubai, Dublin, London, Hong Kong, Mexico City,
Shanghai and Singapore. Visit www.planetpayment.com for more information about
the Company and its services. For up-to-date information follow Planet Payment
on Twitter at @PlanetPayment or join Planet Payment's Facebook page.
CONTACT: Media Contacts
ICR (US PR for Planet Payment)
Don Duffy / Dara Dirks
Redleaf Polhill (UK PR for Planet Payment)
Emma Kane / Rebecca Sanders-Hewett / David Ison
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