ATLANTA, April 22, 2013 /PRNewswire/ -- Global Payments Inc. [NYSE: GPN], a leader in electronic transaction payment processing, today announced the launch of HomeCurrencyPay, a Global Payments Dynamic Currency Conversion (DCC) solution for merchants throughout the United States.
HomeCurrencyPay offers merchants the ability to provide their customers with the choice and convenience of paying for goods and/or services in their home currency, seamless Point-of-Sale (POS) implementation and instant conversion of 26 different currencies at the POS. The solution operates on Equinox Payments' T4220, T4210 and T4205 terminals.
"Global Payments makes currency conversion easier for merchants by implementing a non-treasury model, which prevents merchants from having to open and manage a unique bank account for each international currency they wish to support," said Gene Distler, Vice President - Product Development & Marketing, Global Payments U.S. "HomeCurrencyPay also simplifies the process for the merchants' customers as international cardholders appreciate knowing the exact cost of the goods and services and the exchange rate prior to completing purchases."
HomeCurrencyPay, powered by Planet Payment Inc.'s Pay in Your Currency® technology, also provides POS reporting in U.S. Dollars for easy reconciliation; facilitates a simple check out process as the user interface, sales receipt and cardholder's statement reflect the same currency and amount; and creates an ongoing revenue stream from merchant credits on every foreign currency transaction processed.
Global Payments also offers DCC services across Asia, Spain, the United Kingdom and Canada.
About Global Payments
Global Payments Inc. (GPN) is a leading provider of electronic transaction processing services for merchants, Independent Sales Organizations (ISOs), financial institutions, government agencies and multi-national corporations located throughout the United States, Canada, Europe and the Asia-Pacific region. Global Payments, a Fortune 1000 company, offers a comprehensive line of processing solutions for credit and debit cards, business-to-business purchasing cards, gift cards, electronic check conversion and check guarantee, verification and recovery including electronic check services, as well as terminal management. Visit www.globalpaymentsinc.com for more information about the company and its services.
About Planet Payment
Planet Payment (PLPM) (PPT.L) (PPTR.L) 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.
About Equinox Payments
Equinox Payments, headquartered in Scottsdale, Arizona is the second-largest provider of payment terminals and related technologies in North America. Equinox is increasingly positioned as a thoughtful and trusted resource that assists payment sector participants keep pace with the rapid changes the industry is facing. Beyond hardware, Equinox is now enabling the cloud-based convergence between retailers, payment processors, smart data, and payment credentialing systems all within highly secure solutions. Equinox's more than 200 employees are driving technical innovation across the payment landscape through its market leading retail and payment processing clientele. For more information, please refer to www.equinoxpayments.com.
Global Payments Inc.
E. Drew Soinski
Planet Payment, Inc.