Planet Payment (LSE:AIM:PPT and PPTR), a leading international
multi-currency payment and data processor, announces the commercial
launch in the United States of Payment BuyVoice, an innovative mobile
commerce solution. Payment BuyVoice provides merchants with a cost
effective, secure and convenient way to accept credit cards, from any
mobile phone or landline.
Payment BuyVoice is an easy-to-use payment solution –
merchants simply dial the dedicated Payment BuyVoice toll-free number
when they need to process a credit card payment. The application
initially authenticates the merchant’s
credentials through password and PIN validation, and then prompts the
merchant for the relevant card details, which can either be spoken or
key-entered. The system also supports common fraud-control features,
including address and card verification value (CVV) code collection. The
application submits the transaction for authorization, which is
communicated back to the merchant, who subsequently receives payment for
the transaction directly from their merchant bank.
Planet Payment’s solution enables merchants to
use their existing mobile or landline telephone to enjoy all the
traditional benefits of credit card acceptance, including additional
sales, expedited cash flow and reduced risk by eliminating bounced
checks. Payment BuyVoice is a fully hosted application that provides
merchants with immediate availability using their existing telephone and
mobile carrier, without the purchase of any additional hardware. The
solution does not require the downloading of any software applications
to the merchant’s phone, eliminating potential
memory limitations and preventing the introduction of viruses, as could
be the case with other mobile payment solutions.
Payment BuyVoice is perfect for merchants on the go, such as taxi and
limousine drivers, direct marketers, and household service and delivery
personnel. In addition, merchants located in areas with limited
availability of access to point-of-sale systems can use Payment BuyVoice
to process credit cards.
Commenting on the launch of Payment BuyVoice, Planet Payment Chief
Executive Officer Philip Beck said:
“BuyVoice fills a very significant
market need, both in the U.S. and internationally. As more
consumers move away from cash to credit cards for payment of all types
of purchases, merchants of all types and size require cost effective and
simple means to accept credit card payments. Now, with our
solution, the lack of a credit card terminal will no longer be a barrier
to any merchant seeking credit card acceptance.”
Merchants can obtain more information or sign-up for Payment BuyVoice at
Planet Payment’s web site, www.planetpayment.com.
About Planet Payment
Planet Payment’s Common shares trade on AIM
under the symbols PPT for unrestricted Common shares and PPTR for Reg
S Common shares. All shares carry the same rights and privileges but
PPT shares can now be settled through CREST.
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 a component of Planet Payment’s
suite of multi-currency processing solutions, which include a
multi-currency pricing e-commerce service and a Dynamic Currency
Conversion service. Planet Payment also offers BuyVoice™,
a mobile payment and commerce solution, which allows merchants to
accept payments and sell product to customers using any mobile or
landline phone.
Planet Payment is headquartered in New York and has offices in
Atlanta, Beijing, Bermuda, Delaware, London, Hong Kong, Shanghai and
Singapore.
Forward-Looking Statements. Information contained in this
announcement may include ‘forward-looking
statements’. All statements other than
statements of historical facts included herein, including, without
limitation, those regarding Planet Payment’s
financial position, business strategy, plans and objectives of
management for future operations (including development plans and
objectives relating to Planet Payment’s
business) are forward-looking statements. Such forward-looking
statements are based on a number of assumptions regarding Planet Payment’s
present and future business strategies and the environment in which
Planet Payment expects to operate in future, which assumptions may or
may not be fulfilled in practice. Actual results may vary materially
from the results anticipated by these forward-looking statements as a
result of a variety of risk factors, including the risk that
implementation, adoption and offering of the service by processors,
acquirers, merchants and others may take longer than anticipated, or may
not occur at all, regulatory changes, particularly in China and changes
in card association regulations and practices; general economic risk and
volume of international travel and commerce and others. These
forward-looking statements speak only as to the date of this
announcement and cannot be relied upon as a guide to future performance.
Planet Payment expressly disclaims any obligation or undertaking to
disseminate any updates or revisions to any forward-looking statements
contained in this announcement to reflect any changes in its
expectations with regard thereto or any change in events, conditions or
circumstances on which any statement is based.
Planet Payment
Joel Mayer, Director Corporate Development
Tel:
+1 516-670-3200
jmayer@planetpayment.com
or
UK
PR for Planet Payment:
Redleaf Communications Ltd
Emma
Kane / Rebecca Sanders-Hewett
/ Richard Girling / Henry Columbine
Tel:
+44 20 7822 0200
Fax: +44 20 7822 0201
planet@redleafpr.com
or
US
PR for Planet Payment:
ICR, Inc.
Brian Prenoveau,
CFA / Ashley Ammon MacFarlane
Tel: +1 203-682-8200