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Billabong US Launches Planet Payment's Pay In Your Currency(R) Solution

LONG BEACH, N.Y., June 27, 2013 (GLOBE NEWSWIRE) -- Planet Payment, Inc. (Nasdaq:PLPM) (LSE:AIM:PPT), a leading international multi-currency payment processor, announced today that Vantiv, Inc. (NYSE:VNTV), a leading provider of payment processing services and related technology solutions for merchants and financial institutions of all sizes, launched Planet Payment's Pay in Your Currency at 85 Billabong locations across the United States. Billabong is a leading multi-brand, international manufacturing and distribution organization focused on surfwear and extreme sports apparel for individuals in the US and throughout the world.

"As a global brand with a large international following, Billabong's customers come and shop in our U.S. stores from across the globe," said Roger Moreno, retail IT manager at Billabong USA. "We strive to provide our valued international customers with a better, more comfortable shopping experience and we believe that the Pay in Your Currency solution – provided through Vantiv – helps us achieve this goal by allowing them to pay in their home currency."

The Pay in Your Currency service provides international shoppers paying for their purchases with Visa ® or MasterCard ® payment cards with the choice to pay in their home currency at the point of sale, rather than utilizing their financial institution to perform the conversion after the sale has been completed. The service provides greater clarity and certainty to international purchases by allowing the customer to pay in the currency that he or she knows best – their own.

"Vantiv is pleased to launch the Pay in Your Currency solution at Billabong," said Donald Boeding, president of merchant services at Vantiv. "It is our top priority to provide our merchant clients with innovative, value-added payment solutions that allow them to do more than simply process payments. Our relationship with Planet Payment is a prime example of how our partner relationships enable merchants like Billabong to increase sales and provide new payments functionality."

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