Product: POS Currency Conversion Services

Company: Planet Payment

Planet Payment, a subsidiary of Planet Group Inc., offers a solution that enables merchants and ISOs/MLSs to earn additional revenue while providing a valuable service to foreign customers at the point of sale.

Planet Payment's POS Currency Conversion Services (also known as dynamic currency conversion) immediately convert the purchase total from the merchant's local currency to the customer's local currency-no waiting for monthly credit card statements.

Credit card associations and providers have typically handled the currency conversion between merchants and cardholders. They also added fees (an exchange rate plus 1 - 4%) on top of that service.

Merchants and their processing partners using the Planet Payment solution can now benefit from the currency conversion fees. Receipts can also be printed at your POS in the local currency of the cardholder. Cardholders benefit because they know the final cost of the transaction in their own currency right at the POS.

Planet Payment offers two services within its suite of currency conversion solutions. FX Transact allows the merchant to participate in setting the exchange rate for the currency conversion service. FX Assured converts each transaction at a currency conversion rate that is guaranteed to be less than the rate at which the credit card provider would convert that same transaction.

Humboldt Merchant Services, LP and Plug & Pay Technologies, Inc. are both offering Planet Payment's POS Currency Conversion technology with their solutions.

Planet Payment, a Planet Group Inc. subsidiary

670 Long Beach Blvd

Long Beach, NY 11561

800-489-0174

www.planetpayment.com