Planet Payment brings multi-currency functionality to CDS ATM network

Source: Planet Payment

Planet Payment, Inc. (PLPM), a leading provider of international and multi-currency payment processing and transaction services, and Columbus Data Services, LLC ("CDS"), one of the nation's largest ATM processors, today announced the launch of Bank In Your Currency(TM) on CDS' ATM network.

As a result of this arrangement, Bank in Your Currency is now available to all CDS Market Partners and their more than 85,000 ATMs nationwide. Bank In Your Currency, Planet Payment's multi-currency solution for ATMs, enables international travelers to withdraw local currency from an ATM while seeing the amount debited from their account in the currency they know best -- their own. International cardholders will now have the ability to instantly view, select and better understand the conversion to their home currency of the US dollar amount dispensed at participating ATMs. "We are eager to launch the Bank In Your Currency solution throughout our ATM network," said Stuart Mackinnon, President of Columbus Data Services. "With international visitors to the US spending a record breaking amount in 2013, we remain committed to making it easy for these international travelers to access cash and know exactly how much will be deducted from their account at the time of the withdrawal. By enabling these products at the ATM, CDS is helping ATM ISOs combat declining interchange with new services." "The currency conversion shift to the ATM creates additional revenue opportunities on both new and existing ATM transactions for Columbus Data Services and its Market Partners," said Drew Soinski, managing director -- Americas, at Planet Payment. "We are delighted to be working with a market leader such as CDS to jointly provide our innovative solutions to their customers, that deliver an enhanced ATM experience to international visitors."

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