Planet Payment and Tsys announced today a multi-year extension of their multi-currency processing agreement.
Under the agreement, TSYS Acquiring Solutions will continue to offer Planet Payment's Dynamic Currency Conversion and Multi-Currency Pricing solutions to its customers.
"Our multi-currency products, powered by Planet Payment, provide Acquirers and ISOs with innovative solutions that drive additional margin on existing transactions," said Mark Pyke, president of TSYS Acquiring Solutions. "The products also provide merchants with powerful marketing and customer service tools to attract and close more sales from their international clientele."
With Dynamic Currency Conversion, international MasterCard and Visa card customers can pay in their home currency at the point of sale - providing greater convenience and clarity, while eliminating the guesswork associated with international payments.
"Our solutions serve as competitive differentiators that help TSYS clients sign new clients and deepen relationships with their existing accounts," said Philip Beck, chairman and chief executive officer of Planet Payment. "We look forward to continuing our relationship with TSYS to enable U.S. merchants to improve profitability and sales in this challenging economic climate and drive new sales from international customers."
TSYS e-commerce and mail order/telephone order merchants reach international markets more effectively with Multi-Currency Pricing by localizing the product and featuring pricing and pay in local currencies. Multi-Currency Pricing is available through several certified payment gateways, including Planet Payment's iPAY® Gateway.