Additional Information
Market: AIM
Sector: Software & Computer Services
EPIC: PPT
Latest Price: 263.00p  (0,00%)
52-week High: 280.00p
52-week Low: 141.50p
Market Cap: 132.29M
1 year chart
1 day chart
Watchlist/Portfolio

Add to watchlist:

Only registered members can add into watchlist !

Register here !
Planet Payment
www.planetpayment.com

Planet Payment [LSE:AIM:PPT and PPTR; OTCQX:PLPM] is a leading international payment and data processor, providing banks and their merchants with innovative solutions to accept, process and reconcile payments, anytime, anywhere and in any currency.

Its customer base of more than 40 acquiring banks and processors stretches from North America, to the Middle East, to Asia Pacific, including China, Hong Kong, Macau, Taiwan, Malaysia and India. Planet Payment is headquartered in New York and has offices in Atlanta, Beijing, Bermuda, Delaware, London, Hong Kong, Shanghai and Singapore. Visit www.planetpayment.com for more information on the Company and its services.

Pdf

Planet Payment strikes partnership to provide payment solutions for Facebook merchants

20th Dec 2011, 8:15 am by Giles Gwinnett It will also enable retailers to convert their 'static' Facebook presence into a new sales channel for their business, Planet Payment said

Planet Payment (LON:PPT, LON:PPTR, OTCQX:PLPM) announced today a partnership to provide payment solutions for Facebook merchants.

This so-called "social commerce" solution will enable merchants to sell to a global market of more than 800 million Facebook subscribers, the company told investors today.

It will also enable retailers to convert their "static" Facebook presence into a new sales channel for their business, Planet Payment said.

The partnership has been struck between the company and VendorShop, which provides shopping cart applications for Facebook merchants.

It involves integrating VendorShop's Facebook shopping cart application with Planet Payment's iPAY multi-currency eCommerce gateway. 

"Most companies already have Facebook pages, but if a customer wants to buy an item they get referred back to the company website," said Chris Small, chief executive and founder of VendorShop. 

"Facebook users already spend a huge amount of time on Facebook with more than 50 per cent 'liking' a business page to find out about sales and promotions. So if I'm going to tell you about a product on my Facebook page, it makes sense to make it easy to buy right there."

VendorShop customers will now have access to Planet Payment's PCI compliant, end-to-end processing solutions for eCommerce, call centre, mail-order and telephone order merchants.

Scott Goldthwaite, senior VP of product management and marketing at Planet Payment, said: "Social media enables businesses to make a deeper connection with their customers and Facebook has the potential to become the biggest marketplace in the world, representing a significant opportunity for businesses to create a new revenue stream by enabling their fans to buy products directly from their Facebook page.  

"VendorShop's expertise in social commerce and shared commitment to helping businesses sell on Facebook has made this an ideal partnership."

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.