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Planet Payment, Tsys Extend Multi-Currency Processing Agreement

Planet Payment and Tsys, a provider of outsourced payment services, have extended 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.

TSYS e-commerce and mail order/telephone order merchants reach international markets with multi-currency pricing by localizing the product and featuring pricing and pay in local currencies. MulticCurrency pricing is available through several certified payment gateways, including Planet Payment’s iPAY Gateway.

Mark Pyke, president of acquiring solutions at Tsys, said: “Our multi-currency products, powered by Planet Payment, provide acquirers and ISOs with innovative solutions that drive additional margin on existing transactions. The products also provide merchants with powerful marketing and customer service tools to attract and close more sales from their international clientele.”

Philip Beck, chairman and CEO of Planet Payment, said: “Our solutions serve as competitive differentiators that help Tsys clients sign new clients and deepen relationships with their existing accounts. We look forward to continuing our relationship with Tsys to enable US merchants to improve profitability and sales in this challenging economic climate and drive new sales from international customers.”