Billabong US Launches Planet Payment's Pay in Your Currency(R) Solution
27 June 2013 - 10:50PM
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."
About Billabong
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 than 50 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
Planet Payment
Joel Mayer
Telephone: 516.670.3200
email: jmayer@planetpayment.com
www.planetpayment.com
ICR (US PR for Planet Payment)
Don Duffy / Dara Dirks
Telephone: 646.277.1212
Redleaf Polhill (UK PR for Planet Payment)
Emma Kane / Rebecca Sanders-Hewett / David Ison
Telephone: +44.20.7382.4730
Email: planet@redleafpr.com
Vantiv
Andrew Ciafardini
Telephone: 513.900.5308
email: Andrew.Ciafardini@Vantiv.com
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