LONG BEACH, N.Y. and DALLAS, Sept. 16, 2014 (GLOBE NEWSWIRE) -- Planet Payment, Inc. (Nasdaq:PLPM), a leading provider of international and multi-currency payment processing and transaction services, and Columbus Data Services, LLC ("CDS"), one of the nation's largest ATM processors, today announced the launch of Bank In Your Currency™ on CDS' ATM network. As a result of this arrangement, Bank in Your Currency is now available to all CDS Market Partners and their more than 85,000 ATMs nationwide.
Bank In Your Currency, Planet Payment's multi-currency solution for ATMs, enables international travelers to withdraw local currency from an ATM while seeing the amount debited from their account in the currency they know best – their own. International cardholders 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 eager to launch the Bank In Your Currency solution throughout our ATM network," said Stuart Mackinnon, President of Columbus Data Services. "With international visitors to the US spending a record breaking amount in 2013, we remain committed to making it easy for these international travelers to access cash and know exactly how much will be deducted from their account at the time of the withdrawal. By enabling these products at the ATM, CDS is helping ATM ISOs combat declining interchange with new services."
"The currency conversion shift to the ATM creates additional revenue opportunities on both new and existing ATM transactions for Columbus Data Services and its Market Partners," said Drew Soinski, managing director – Americas, at Planet Payment. "We are delighted to be working with a market leader such as CDS to jointly provide our innovative solutions to their customers, that deliver an enhanced ATM experience to international visitors."
About Columbus Data Services
Columbus Data Services provides third-party ATM processing for a nationwide network of over 85,000 ATMs to financial institutions, ATM ISOs and merchants. The company offers full-service, turn-key ATM management services, network gateway access and debit card management solutions. For additional information please contact CDS at www.columbusdata.net.
About Planet Payment
Planet Payment is a leading provider of international payment and transaction processing and multi-currency processing services. We provide our services in 23 countries and territories across the Asia Pacific region, the Americas, the Middle East, Africa and Europe, primarily through our more than 60 acquiring bank and processor customers. Our point-of-sale and e-commerce services help merchants sell more goods and services to consumers, and together with our ATM services are integrated within the payment card transaction flow enabling our 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.