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Global Payments and Planet Payment Announce A Dynamic Currency Conversion Hospitality Solution in Canada

Global Payments Inc. (NYSE: GPN), one of the largest worldwide providers of payment solutions, and Planet Payment, Inc. (NASDAQ:PLPM), a leading international and multi-currency payment processor, today announced the launch of the MICROS Payment Gateway and HomeCurrencyPay solutions at a number of hotel properties across Canada.

The hospitality solution facilitates integrated payment support for the MICROS suite of products, as well as Global Payments’ HomeCurrencyPay dynamic currency conversion powered by Planet Payment. Customized to meet the specific needs of the Canadian market, the solution includes support for EMV chip and PIN cards and Interac® Direct Payment, and provides the latest in security and fraud features including encryption and transaction tokenization.

Together, these products offer significant benefits to Canadian hospitality merchants and their guests. With the EMV-ready solution, merchants can increase compliance, reduce chargebacks and streamline their business reconciliation processes. International guests enjoy a more customized experience by providing an opportunity to pay for the stay in their own currency. Hotels continue to receive settlement and reporting in Canadian dollars.

These solutions are now live at all three Canadian Rocky Mountain Resort properties: the Buffalo Mountain Lodge, Emerald Lake Lodge and Deer Lodge. “As a boutique hotel, we are committed to providing our guests with the best possible service during their stay,” said Allison Dean, Revenue Manager at Canadian Rocky Mountain Resorts. “These solutions improve efficiency and enhance security for our guests, with the added superior guest experience of allowing them to check-out in their own currency.”

“Global Payments continues to demonstrate our commitment to deliver innovative products and services to the marketplace through strong partnerships. This solution coupled with HomeCurrencyPay, is a win-win for our restaurant and hospitality merchants,” said René Bélanger, President of Global Payments Canada. “We look forward to continuing to work with Planet Payment to expand this comprehensive product offering to other merchants in Canada.”

“Planet Payment is pleased to work with Global Payments to continue to launch these robust solutions to additional merchants throughout Canada,” said Drew Soinski, Managing Director of the Americas at Planet Payment. “Designed to meet the needs of the Canadian hotelier, these products provide the tools necessary to improve operational efficiencies and customer payment experience.”