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Monday October 15, 2:45 pm Eastern Time
Press Release
SOURCE: Global Payments Inc.
Global Payments to Offer Web-based, Multi-currency Payment Processing
ATLANTA, Oct. 15 /PRNewswire/ -- Global Payments Inc.(TM) (NYSE: GPN - news), a leading provider of electronic processing services, announced today a marketing referral agreement with Planet Payment(TM) to offer real-time, multi-currency Internet payment processing services to Global customers. Global merchants can now enjoy the benefits of multi-currency processing through a comprehensive product offering that includes a Planet Payment multi- currency account, advanced payment gateway technology and value-added products and services.
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Global merchants will have the ability to accept international credit card payments in over 100 currencies and still settle in their choice of major settlement currencies including: US Dollar, Australian Dollar, Canadian Dollar, Euro, or Hong Kong Dollar, providing a complete, end-to-end multi- currency processing solution for all international payment services.
``Our agreement with Global Payments allows their merchants to be able to offer products and services in any country, display pricing in the local currency, yet be funded in their home currency without the risk of exchange rate fluctuations. Global's merchants will also be well positioned to take advantage of Europe's formal conversion to the new Euro currency,'' said Philip Beck, chief executive officer, Planet Payment.
``Global Payments' strategic partnership with Planet Payment represents our commitment to bringing our customers innovative solutions to help them maintain a competitive edge,'' said Chief Information Officer, Barry Lawson, Global Payments Inc. ``This partnership allows our customers to take advantage of the strengths of both companies thereby gaining the ability to compete more effectively in a global economy,'' he added.
Planet Payment is a global leader in providing multi-currency payment solutions to merchants worldwide. Planet Payment's affordable e-commerce solution enables Internet merchants to securely accept Visa® and MasterCard® and other major debit and credit cards in a secure, real time environment, and in over 130 currencies. The Planet Payment Gateway, powered by Authorize.Net(TM), is compatible with over 100 of the leading shopping cart technologies. Planet Payment can be contacted on the web at www.planetpayment.com .
Global Payments Inc. is a leading provider of electronic transaction processing services to merchants, Independent Sales Organizations (ISOs), financial institutions, government agencies and multi-national corporations located throughout the United States, Canada, and the United Kingdom. Global Payments offers a comprehensive line of payment solutions, including credit and debit cards, business-to-business purchasing cards, gift cards, check guarantee, check verification and recovery, terminal management and funds transfer services.
This document may contain forward-looking statements concerning the Company's operations, current and future performance and financial condition. These items involve risks and uncertainties such as product demand, market and customer acceptance, the effect of economic conditions, competition, pricing, the ability to consummate and integrate acquisitions, and other risks and uncertainties detailed in the Company's SEC filings. The Company undertakes no obligation to revise any of these statements to reflect the future circumstances or the occurrence of unanticipated events.
SOURCE: Global Payments Inc.
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