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Planet Payment wins US services deal from The Bancorp Bank

Published: 16:25 22 Apr 2009 BST

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Multi-currency and data processor Planet Payment Inc (AIM: PPT) said it won a deal to provide its products and services to merchants and third party servicers in the US payments market of The Bancorp Bank, a unit of The Bancorp Inc. (Nasdaq: TBBK).

As part of the business arrangement, Bancorp will utilize Planet Payment's multi-currency processing platform to provide merchants with tools to increase their sales and operate their businesses more efficiently.

Financial details were not disclosed.

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