Tsys Merchant Solutions, a top-ten merchant acquirer in the United States with more than 55 years of experience in the payments industry, today announced the launch of Tsys Pay in Your Currency and Shop in Your Currency multi-currency solutions, powered by Planet Payment, to Tsys Merchant Solutions' merchants.
Planet Payment, Inc. (PLPM) (LSE:AIM: PPT) is a leading international and multi-currency payment processor.
Pay in Your Currency, gives eligible international customers the choice of paying in their home currency at the point of sale, offering significant benefits to TSYS merchants and their customers. Customers are handed a receipt, or pointed to an electronic terminal which displays the transaction amounts in U.S. dollars and their home currency, with the daily exchange rate and other service details. The customer chooses their currency on the receipt or device. International travelers enjoy a more comfortable shopping experience by knowing the amount of payment in their home currency, while simultaneously providing the merchants with an opportunity to increase their product range and thus increase their sales.
TSYS Merchant Solutions will also launch Shop in Your Currency, which enables e-commerce merchants to more effectively target foreign markets and more sales from international customers. This solution allows merchants to localize their offering and simplify the shopping experience for international customers who view pricing and pay in their home currencies, while the merchant receives settlement in U.S. dollars as they do today.
"Multi-currency solutions help our clients improve the payment experience for their customers by providing the option to shop and pay in their own currency. It is a win for us, our clients and their customers when we offer a product that improves the experience for all," said Chris McNulty, group executive of sales, TSYS Merchant Solutions. "Planet Payment is a partner that truly understands our business. They enable our customers with a multi-currency solution that adds value to our relationship and ultimately improves the businesses' bottom line. Improving people's lives with payment solutions and helping our customers grow their business is part of our "People-Centered Payments" brand promise. Offering multi-currency solutions from Planet Payment allows us to do both."
"Planet Payment is thrilled that TSYS Merchant Solutions will be expanding our multi-currency solutions presence in the U.S.," said Philip Beck, chairman and chief executive officer, Planet Payment. "We believe that our solutions will provide TSYS' merchants with the tools to increase customer service and improve profitability while improving the shopping experience for international customers."