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Proactiveinvestors United Kingdom Planet Payment http://www.proactiveinvestors.co.uk Proactiveinvestors United Kingdom Planet Payment RSS feed en Wed, 23 May 2012 23:16:24 +0100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[RNS press release - Result of AGM ]]> http://www.proactiveinvestors.co.uk/companies/rns/120514ppt2323d/ Mon, 14 May 2012 07:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/120514ppt2323d/ <![CDATA[News - Planet Payment underlying earnings rise by 75 per cent ]]> http://www.proactiveinvestors.co.uk/companies/news/42645/planet-payment-underlying-earnings-rise-by-75-per-cent-42645.html  

Planet Payment’s (LON:PPT) revenues rose by over a fifth in its latest quarter as the number of merchants using its payment and currency processing service grew strongly again.

Locations signed up to the Planet Payment platform rose by 55% to 30,977, which helped drive a 22 per cent increase in net revenue to US11.7 million in the three months to March.

Transaction processing volumes also rose strongly with gross billings up 37% to $30.2 million from US$22 million and gross foreign currency mark-up 40 per cent ahead at $26.1 million over a year earlier.

Gross billing and gross foreign currency includes the amounts due to its bank partners.

At the end of March, Plant had 17.209 (13,503) active customers in its multi-currency processing and 13,782 (6,441) in payments processing.

Philip Beck, Planet Payment’s chairman said: "Our revenue growth reflects the increase in transaction processing volumes primarily driven by increases in active merchant locations. 

Customers have continued to roll out our multi-currency processing solutions as reflected by the 27% increase in active multi-currency merchant locations over last year.  The improvement in our financial results demonstrates the operating leverage inherent in our payment platform and business model."

In the first quarter, Planet agreed a number deals with major banks in Asia including providing processing support for China UnionPay's credit and debit cards in both card present and card-not-present environments directly to banks and acquirers on a worldwide basis. 

The Company is enhancing the iPAY gateway to include support for China UnionPay' new UnionPay Online Payment service, which is expected to launch in the second quarter of 2012. 

Recently, Planet also signed an agreement with MICROS to add support for China UnionPay to the MICROS Payment Gateway. 

It also signed up Citibank, Hong Kong and Macau, Citi, Philippines and Mashreq, UAE for a Pay in Your Currency service in each of those countries. 

The group is in the process of seeking a listing in the US.


 

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Fri, 11 May 2012 08:03:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/42645/planet-payment-underlying-earnings-rise-by-75-per-cent-42645.html
<![CDATA[RNS press release - 1st Quarter Results ]]> http://www.proactiveinvestors.co.uk/companies/rns/120511ppt1503d/ Fri, 11 May 2012 07:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/120511ppt1503d/ <![CDATA[RNS press release - Capital Changes ]]> http://www.proactiveinvestors.co.uk/companies/rns/120425ppt0677c/ Wed, 25 Apr 2012 15:30:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/120425ppt0677c/ <![CDATA[News - Planet Payment launches Pay In Your Currency service on Vantiv's ATMs in US ]]> http://www.proactiveinvestors.co.uk/companies/news/41739/planet-payment-launches-pay-in-your-currency-service-on-vantivs-atms-in-us-41739.html  

Planet Payment (LON:PPT) announced the launch of its Pay In Your Currency on Vantiv’s (NYSE:VNTV) ATMs in the US.

“This is the first implementation of Pay in Your Currency at ATMs in the United States, and we expect to roll out to over 5,000 Vantiv ATM locations in the next 60 days,” said chairman and chief executive of Planet Payment Philip Beck.

“Together, we deliver Pay in Your Currency through retailers and restaurants at their point of sale so it was a natural extension for Vantiv to offer this convenience to their EFT processing partners.”

Without the Pay In Your Currency service, if an international cardholder withdraws US dollars from an ATM, the amount is converted to their home currency by their bank of card issuer. Giving the timing of the conversion, the cardholder is unable to determine the amount to be debited from the account until they receive their statements.

The Pay In Your Currency service on an ATM offers the cardholder the option to convert the transaction at the time of the withdrawal, allowing them to see the amount that will appear on their financial institution's account statement on the ATM screen.

“For tourists seeking clarity in their vacation costs or business travellers looking to simplify expense accounting, Pay In Your Currency offers a powerful incentive,” Planet Payment told investors.

Earlier this week, Planet Payment teamed up with the Philippines arm of global banking giant Citi to provide Pay In Your Currency to its customers, while the bank’s hotel merchant partners will be offered the MICROS Payment Gateway.

Shares in Planet Payment performed strongly this week, rallying from last Friday’s close of 227.5 pence to 238.5 pence this morning, which gives the company a market cap of £118.7 million.


 

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Fri, 20 Apr 2012 09:51:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/41739/planet-payment-launches-pay-in-your-currency-service-on-vantivs-atms-in-us-41739.html
<![CDATA[RNS press release - Vantiv PYC at ATM Launch ]]> http://www.proactiveinvestors.co.uk/companies/rns/120420ppt7428b/ Fri, 20 Apr 2012 08:52:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/120420ppt7428b/ <![CDATA[News - Planet Payment given an early boost by Citi deal ]]> http://www.proactiveinvestors.co.uk/companies/news/41494/planet-payment-given-an-early-boost-by-citi-deal--41494.html Planet Payment (LON:PPT, LON:PPTR, OTCQX:PLPM) was given an early boost this morning by news that it is teaming up with the Philippines arm of global banking giant Citi.

Planet will provide Citi’s customers with its Pay in Your Currency service, while the bank’s hotel merchant partners will be offered the MICROS Payment Gateway.

The news bumped the share price 6.5 pence, or 3 per cent higher to 234 pence a share.

Planet Payment’s chief executive Philip Beck said: "The adoption of Pay in Your Currency service has increased significantly in recent years, as more merchants around the world view the service as a way to help increase sales, customer satisfaction, and net profits.

"We are excited to continue to expand the offering of Pay in Your Currency to the Philippines through our agreement with Citi."

With Pay in Your Currency, Citibank credit cardholders and other customers are offered the convenience of paying in their home currency at the point-of-sale.  

They are then be presented with a receipt which displays the transaction amounts in both Philippine Pesos and their home currency, together with the exchange rate and other service details.  

Bea Tan, credit payment products head at Citi Philippines, said: "True to our commitment to provide the most convenient payment solutions to our clients in the Philippines, we are pleased to partner with Planet Payment and offer Pay in Your Currency service and the MICROS Payment Gateway to our merchants.

"These new services are designed to improve their operational efficiency while enhancing customer service for international travellers."

 

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Mon, 16 Apr 2012 08:23:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/41494/planet-payment-given-an-early-boost-by-citi-deal--41494.html
<![CDATA[RNS press release - Citi Philippines Contract ]]> http://www.proactiveinvestors.co.uk/companies/rns/120416ppt3543b/ Mon, 16 Apr 2012 07:01:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/120416ppt3543b/ <![CDATA[RNS press release - Fourth Amendment to Form S-1 ]]> http://www.proactiveinvestors.co.uk/companies/rns/120413ppt2796b/ Fri, 13 Apr 2012 07:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/120413ppt2796b/ <![CDATA[RNS press release - Annual Report and Notice of Annual Meeting Issued ]]> http://www.proactiveinvestors.co.uk/companies/rns/120412ppt2312b/ Thu, 12 Apr 2012 13:37:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/120412ppt2312b/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> http://www.proactiveinvestors.co.uk/companies/rns/120403ppt7681a/ Tue, 03 Apr 2012 17:26:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/120403ppt7681a/ <![CDATA[News - Planet Payment reports strong full-year figures, upbeat about 2012 ]]> http://www.proactiveinvestors.co.uk/companies/news/41012/planet-payment-reports-strong-full-year-figures-upbeat-about-2012-41012.html Planet Payment (LON:PPT, OTCQX:PLPM) achieved a considerable improvement in its financial performance in 2011 as the number of merchants using its payment processing services continued to increase.

Today’s full-year report from the group showed a 29 per cent jump in revenues to US$12.3 million in the fourth quarter, taking the 2011 total to US$41.9 million, up 37 per cent from 2010.

The increase in full year revenues came as gross billings – a metric that includes gross foreign currency mark-up and revenues earned and reported on payment processing services - rose 58 percent to US$102.4 million, while foreign currency mark-up was up 69 per cent at US$87.8 million.

Net income for 2011 reached US$2.4 million compared to a loss of US$3.1 million a year earlier.

Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) soared 226 per cent to US$5.9 million and earnings per share amounted to four US cents compared to a loss of eight cents in the previous year.

On the operational front, the company saw the number of its total active merchant locations rise 67 per cent to 27,887.

“We are very pleased to announce our strong year-over-year growth, capping what was an excellent year for Planet Payment,” said chairman of Planet Payment Philip Beck.

“We believe that Planet Payment continues to benefit from a "network effect" as we add more acquiring institutions, in more countries, using more products on our platform. We look forward to an exciting year in 2012.”

Other operational highlights included the launch of the MICROS Payment Gateway to support payment services for merchants in the hospitality and retail industries and an agreement with Vantiv to provide its Pay In Your Currency service at ATMs in the US.

After the end of the period, the company and MICROS Systems agreed to add support of China UnionPay into the MICROS payment gateway.

The year also saw the integration of Planet’s iPAY multi-currency eCommerce gateway with VendorShop's Facebook shopping cart application, allowing merchants to sell to a global market of over 800 million Facebook subscribers.

 

 

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Mon, 02 Apr 2012 09:03:00 +0100 http://www.proactiveinvestors.co.uk/companies/news/41012/planet-payment-reports-strong-full-year-figures-upbeat-about-2012-41012.html
<![CDATA[RNS press release - Final Results ]]> http://www.proactiveinvestors.co.uk/companies/rns/120402ppt5471a/ Mon, 02 Apr 2012 07:00:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/120402ppt5471a/ <![CDATA[RNS press release - Notice of Results ]]> http://www.proactiveinvestors.co.uk/companies/rns/120326ppt0984a/ Mon, 26 Mar 2012 16:28:00 +0100 http://www.proactiveinvestors.co.uk/companies/rns/120326ppt0984a/ <![CDATA[News - Planet Payment adds China UnionPay support to system ]]> http://www.proactiveinvestors.co.uk/companies/news/40543/planet-payment-adds-china-unionpay-support-to-system-40543.html Planet Payment (LON:PPT, LON:PPTR, OTCQX:PLPM) announced an agreement that will allow more merchants to process payments from customers of bankcard association China UnionPay.

The company and technology provider MICROS Systems has agreed to add support of China UnionPay into the MICROS payment gateway, which is hosted by Planet Payment.

Since launching a decade ago, China UnionPay has become one of the largest card brands in the world.

It is estimated that Chinese consumers were estimated to spend US$55 billion overseas in 2011, which means merchants are seeking solutions that allow them to accept UnionPay cards.

"With the growing importance of the Chinese consumer segment, the ability to accept UnionPay cards through the Planet Payment MICROS Payment Gateway is an important product enhancement that provides greater operational efficiencies to our merchant customers," said Kevin King, MD of MICROS-Fidelio Information Systems (Shanghai) Co Ltd.

"The Planet Payment MICROS Payment Gateway with integrated UnionPay support is a powerful payment platform solution for the hospitality industry," said chairman and CEO of Planet Payment Philip D. Beck.

"Now any hotelier using the Planet Payment MICROS Payment Gateway can support the processing of UnionPay credit and debit cards and other major payment cards directly through their MICROS property management systems, enabling them to accept this important card product while enjoying the benefits of an integrated payment system."

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Wed, 21 Mar 2012 07:51:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/40543/planet-payment-adds-china-unionpay-support-to-system-40543.html
<![CDATA[RNS press release - MICROS Agreement for CUP ]]> http://www.proactiveinvestors.co.uk/companies/rns/120321ppt7444z/ Wed, 21 Mar 2012 07:00:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/120321ppt7444z/ <![CDATA[News - Planet Payment in global processing deal with China UnionPay ]]> http://www.proactiveinvestors.co.uk/companies/news/39766/planet-payment-in-global-processing-deal-with-china-unionpay-39766.html Multi-currency payment and data processor Planet Payment (LON:PPT, LON:PPTR, OTCQX:PLPM) said that bankcard association China UnionPay has registered Planet Payment as a worldwide third party service provider.

Through this registration, Planet Payment can provide processing support for China UnionPay's credit and debit cards directly to banks and acquirers on a worldwide basis.

Launched in 2002, China UnionPay has over 2.8 billion cards issued worldwide. 

Following the agreement announced today, financial institutions located in any country where Planet Payment operates can sign an acquiring agreement with UnionPay and utilize Planet Payment for connectivity to UnionPay. 

In addition, Planet Payment will be enhancing its e-commerce payment service iPay to include support for China UnionPay's new UnionPay Online Payment (UPOP) service.

UPOP provides merchants with the facility to authenticate and process UnionPay debit cards online.  The targeted launch date for the UPOP service is in the second quarter of 2012.

Chairman and chief executive Philip D. Beck said: "With this new agreement, our acquirer or processor customers globally can accept UnionPaycredit and PIN debit cards, enabling merchants to sell more goods and services to Chinese cardholders and tapping into one of the largest markets for potential new customers. 

“Also, we are delighted to be one of the first payment gateways to support UPOP which provides merchants and Chinese consumers with an easier way to transact online.

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Mon, 05 Mar 2012 09:19:00 +0000 http://www.proactiveinvestors.co.uk/companies/news/39766/planet-payment-in-global-processing-deal-with-china-unionpay-39766.html
<![CDATA[RNS press release - China UnionPay Agreement ]]> http://www.proactiveinvestors.co.uk/companies/rns/120305ppt6199y/ Mon, 05 Mar 2012 07:00:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/120305ppt6199y/ <![CDATA[RNS press release - Capital Changes ]]> http://www.proactiveinvestors.co.uk/companies/rns/120214ppt3502x/ Tue, 14 Feb 2012 07:01:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/120214ppt3502x/ <![CDATA[RNS press release - Third Amendment to Form S-1 ]]> http://www.proactiveinvestors.co.uk/companies/rns/120201ppt5520w/ Wed, 01 Feb 2012 07:00:00 +0000 http://www.proactiveinvestors.co.uk/companies/rns/120201ppt5520w/