Atlanta GA and Long Beach, NY – February 13, 2017 – Planet Payment, Inc. (NASDAQ:PLPM), a leading provider of international and multi-currency transaction services, and Worldpay US, a global leader in payments processing technology and solutions, will launch Planet Payment’s Dynamic Currency Conversion (DCC) at ATMs solution across 70,000 Worldpay ATMs in the United States.
DCC at ATMs enables international travelers to the U.S. to withdraw local currency from an ATM while seeing the amount debited from their account in their own currency. International cardholders using Worldpay US ATMs will now have the ability to instantly view, select and better understand the conversion to their home currency of the US dollar amount dispensed at participating ATMs.
“We are pleased to bring DCC convenience to our ATM customers,” said Mike Cowart, VP & GM, ATM & MSP ISO at Worldpay US. “DCC at ATMs can help combat declining interchange and offers a valuable service to our international customers who want to better understand exactly how much they are withdrawing in their own currency when traveling in the U.S.”
For ATM owners and operators, DCC at ATMs can mean big business. According to the U.S. Department of Commerce, international travelers to the U.S. are expected to grow 2.4 percent in 2017 to a new volume record of 78.6 million visitors. By 2021, annual visitor volume is expected to grow to 94.1 million.
“Planet Payment is thrilled to partner with Worldpay US to launch DCC across their network of ATMs,” said Melissa Jones, SVP, North America Sales & Acquirer Relations for Planet Payment. “We believe DCC at ATMs is a great customer-facing solution to providing personalized payment options to travelers withdrawing money in the U.S., and look forward to working with Worldpay to expand the reach of this solution.”
Planet Payment and Worldpay anticipate enabling Worldpay ATMs with DCC by first quarter 2017.
Worldpay is a leading payments company with global reach. We provide an extensive range of technology-led payment products and services to over 400,000 customers, enabling their businesses to grow and prosper. We manage the increasing complexity of the payments landscape for our customers, allowing them to accept the widest range of payment types around the world. Using our network and technology, we are able to process payments from geographies covering 99% of global GDP, across 146 countries and 126 currencies. We help our customers to accept more than 300 different payment types.
For more information, visit www.worldpay.com
About Planet Payment
Planet Payment (NASDAQ:PLPM) is a leading provider of international payment and transaction processing and multi-currency processing services. Planet Payment provides services in 22 countries and territories across the Asia Pacific region, the Americas, the Middle East, Africa and Europe, primarily through our 70+ 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.
Visit www.planetpayment.com for more information about the Company and its services.
Contact: Payal Shukla, Walker Sands for Worldpay US
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