This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Cielo Launches Planet Payment Pay In Your Currency Solution

LONG BEACH, N.Y. and BARUERI, Brazil, March 27, 2014 (GLOBE NEWSWIRE) -- CIELO S.A. (BOVESPA:CIEL3) (OTCQX:CIOXY), Latin America's leader in electronic payment solutions, and Planet Payment, Inc. (Nasdaq:PLPM) (LSE:PPT), a leading provider of international and multi-currency transaction services, today announced the official contract signing and launch of Planet Payment's Pay In Your Currency ® (PYC) solution. Cielo and Planet Payment will begin a full production rollout in the coming weeks and in advance of the upcoming world cup.   

Pay In Your Currency provides Brazilian merchants a new way to cater to international tourists - by enabling international visitors using an eligible VISA ® or MasterCard ® to pay in the currency they know best – their own. PYC provides merchants catering to the international traveler with a new way to attract more customers by providing a more personalized service while improving the profitability of their business.

The PYC solution being launched by Cielo supports approximately 100 currencies, enabling a broad segment of international visitors to enjoy the convenience of the service. Pay In Your Currency is also designed to be simple for merchants to support – they continue to receive settlement and reporting in Brazilian Real (BRL) as they do today. 

"It is increasingly important for our merchant customers to be able to differentiate themselves to the expected increase of international travelers to Brazil, especially considering the impending world cup," said Dilson Ribeiro, products and business development Vice-President at Cielo S.A. "Cielo has been able to maintain its status as the leading merchant service provider in Latin America by providing innovative product offerings that adapt to meet the needs of our merchants and their customers."

"Planet Payment and Cielo have been hard at work behind the scenes preparing for this day," said Drew Soinski, managing director – Americas, at Planet Payment. "Cielo has the reputation of always putting their customers first – and offering PYC to their merchants is just another example of that philosophy. Partnering with an industry leader like Cielo is one thing – seeing the impact that PYC will have on its merchants is icing on the cake. This is an exciting time for tourism in Brazil, and we are happy to have a hand in helping Brazilian merchants prepare, and excel, in the months to come and most importantly making the international traveler feel at home and encouraging them to buy more goods and services."

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 17,683.58 -46.53 -0.26%
S&P 500 2,068.36 -8.42 -0.41%
NASDAQ 4,991.2430 -17.9710 -0.36%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs