Planet Payment and Worldpay to Launch Planet Payment’s DCC at ATMs solution
February 13 2017 - 12:37PM
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.
ABOUT WORLDPAY
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.
Media Contacts
Worldpay US
Contact: Payal Shukla, Walker Sands for Worldpay US
Telephone: 312.648.6006
email: payal.shukla@walkersands.com
Planet Payment
Contact: Jill Raftery
Telephone: 516.670.3200
email: jraftery@planetpayment.com
www.PlanetPayment.com
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