Planet Payment Launches Free Social Commerce Shopping Cart for Facebook Merchants
Planet Payment
19.12.2011 18:36
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Partners With VendorShop to Deliver Shopping and Payment Solution
LONG BEACH, N.Y. and DUBLIN, Ireland, 2011-12-19 18:36 CET (GLOBE NEWSWIRE) --
Planet Payment, Inc. (LSE:PPT) (LSE:PPTR) (OTCQX:PLPM), a leading provider of
international and multi-currency payment processing services, and VendorShop, a
leading provider of shopping cart applications for Facebook merchants, today
announced the integration of VendorShop's Facebook shopping cart application
with Planet Payment's iPAY multi-currency eCommerce gateway. This innovative
Social Commerce solution (www.facebook.com/PlanetPayment) empowers merchants to
sell to a global market of over 800 million Facebook subscribers, enabling
retailers to convert their 'static' Facebook presence into a new sales channel
for their business. With this solution, Facebook merchants can now accept
credit cards through any participating acquirer integrated into Planet
Payment's international transaction platform.
VendorShop provides a solution for businesses to drive direct revenue from
their Facebook presence - enabling anyone with a Facebook page to add a free
shop and to sell their products and services without customers having to leave
the Facebook environment. 'Most companies already have Facebook pages, but if a
customer wants to buy an item they get referred back to the company website,'
stated Chris Small, CEO and Founder of VendorShop. 'Facebook users already
spend a huge amount of time on Facebook with more than 50% '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. Redirecting customers off Facebook adds additional steps to the process
and potentially increases the likelihood a merchant will lose the sale - so
keeping the shopping experience contained solely within Facebook is very
important.'
For the merchant, VendorShop is simple to set-up and configure products and
pricing and there are a number of tools to integrate with existing systems.
There are also a number of social features such as 'fan pricing' and
'incentivized sharing' to enable businesses to enhance the Facebook experience,
grow fans and drive sales. 'Creating a unique shopping experience and rewarding
your fans for being fans gives a real reason to buy, but also turns them into
even more powerful advocates for your business. As a result you not only create
a new Facebook sales channel, but you can enhance sales via a new viral
consumer channel too,' stated Small.
As a result of the partnership and integration with Planet Payment's iPAY
Gateway, VendorShop customers now have access to Planet Payment's PCI
compliant, end-to-end processing solutions for eCommerce, call center,
mail-order and telephone order merchants. The VendorShop solution has also been
enhanced to include support for Planet Payment's Multi-Currency Pricing
functionality, providing Facebook merchants with the ability to more
effectively target international markets by allowing their customers to ship,
view pricing and pay in the in their home currencies, while continuing to
receive payments and reporting in their own native currency.
Aviesta.com, an online private sale community serving members in the US and
Latin America recently launched their social commerce site
(http://www.facebook.com/VivaAviesta) on Facebook utilizing Planet Payment's
solution. 'We wanted tap into the Facebook phenomenon to help grow sales,' said
Brett Posten, Chief Creative Officer of Aviesta.com. 'With more than 800
million users and over 50 percent of who log-on at least once per day, Facebook
social commerce was a top priority for us. In addition, we needed a solution
that would provide us with multi-currency options and one that would be easy to
setup and maintain - Planet Payment's solution fit the bill.'
'Planet Payment provides value-added products/services to help merchants sell
more and expand their business globally,' stated Scott Goldthwaite, senior vice
president of product management and marketing. '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.'
About VendorShop
VendorShop enables businesses to launch virtual stores on Facebook simply and
cost effectively. Customers can easily purchase products from their favorite
stores without leaving Facebook. VendorShop already powers thousands of stores
across Facebook covering a variety of sectors including fashion, food,
ticketing, charity and arts and crafts.
VendorShop's development team also provide custom development services and have
been responsible for developing one of the first mobile top-up stores on
Facebook along with other customized solutions in the retail sector. VendorShop
is headquartered in Dublin, Ireland. Visit www.vendorshopsocial.com or
www.Facebook.com/vendorshop for more information.
About Planet Payment
Planet Payment is a leading provider of international payment processing and
multi-currency processing services. We provide our services in 16 countries and
territories across the Asia Pacific region, North America, the Middle East,
Africa and Europe, primarily through our more than 45 acquiring bank and
processor customers. Our point-of-sale and e-commerce services help merchants
sell more goods and services to consumers, and are integrated within the
payment card transaction flow enabling our acquiring customers to process and
reconcile payment transactions in multiple currencies, geographies and
channels.
Planet Payment is headquartered in New York and has offices in Atlanta,
Beijing, Bermuda, Delaware, Dubai, London, Hong Kong, Shanghai and Singapore.
Visit www.planetpayment.com for more information on the Company and its
services. For up-to-date information follow Planet Payment on Twitter at
@PlanetPayment or join Planet Payment's page on Facebook.
Media Contacts
Planet Payment
Contact: Scott Goldthwaite
Telephone: +1.516.304.9465
email: sgoldthwaite@planetpayment.com
www.PlanetPayment.com
VendorShop
Contact: Chris Small
Telephone: +353.1.881.8801
email: chris@VendorShopSocial.com
www.VendorShopSocial.com
News Source: NASDAQ OMX
19.12.2011 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: Planet Payment
United States
Phone:
Fax:
E-mail:
Internet:
ISIN: USU726031185
WKN:
End of Announcement DGAP News-Service
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Planet Payment
19.12.2011 18:36
---------------------------------------------------------------------------
Partners With VendorShop to Deliver Shopping and Payment Solution
LONG BEACH, N.Y. and DUBLIN, Ireland, 2011-12-19 18:36 CET (GLOBE NEWSWIRE) --
Planet Payment, Inc. (LSE:PPT) (LSE:PPTR) (OTCQX:PLPM), a leading provider of
international and multi-currency payment processing services, and VendorShop, a
leading provider of shopping cart applications for Facebook merchants, today
announced the integration of VendorShop's Facebook shopping cart application
with Planet Payment's iPAY multi-currency eCommerce gateway. This innovative
Social Commerce solution (www.facebook.com/PlanetPayment) empowers merchants to
sell to a global market of over 800 million Facebook subscribers, enabling
retailers to convert their 'static' Facebook presence into a new sales channel
for their business. With this solution, Facebook merchants can now accept
credit cards through any participating acquirer integrated into Planet
Payment's international transaction platform.
VendorShop provides a solution for businesses to drive direct revenue from
their Facebook presence - enabling anyone with a Facebook page to add a free
shop and to sell their products and services without customers having to leave
the Facebook environment. 'Most companies already have Facebook pages, but if a
customer wants to buy an item they get referred back to the company website,'
stated Chris Small, CEO and Founder of VendorShop. 'Facebook users already
spend a huge amount of time on Facebook with more than 50% '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. Redirecting customers off Facebook adds additional steps to the process
and potentially increases the likelihood a merchant will lose the sale - so
keeping the shopping experience contained solely within Facebook is very
important.'
For the merchant, VendorShop is simple to set-up and configure products and
pricing and there are a number of tools to integrate with existing systems.
There are also a number of social features such as 'fan pricing' and
'incentivized sharing' to enable businesses to enhance the Facebook experience,
grow fans and drive sales. 'Creating a unique shopping experience and rewarding
your fans for being fans gives a real reason to buy, but also turns them into
even more powerful advocates for your business. As a result you not only create
a new Facebook sales channel, but you can enhance sales via a new viral
consumer channel too,' stated Small.
As a result of the partnership and integration with Planet Payment's iPAY
Gateway, VendorShop customers now have access to Planet Payment's PCI
compliant, end-to-end processing solutions for eCommerce, call center,
mail-order and telephone order merchants. The VendorShop solution has also been
enhanced to include support for Planet Payment's Multi-Currency Pricing
functionality, providing Facebook merchants with the ability to more
effectively target international markets by allowing their customers to ship,
view pricing and pay in the in their home currencies, while continuing to
receive payments and reporting in their own native currency.
Aviesta.com, an online private sale community serving members in the US and
Latin America recently launched their social commerce site
(http://www.facebook.com/VivaAviesta) on Facebook utilizing Planet Payment's
solution. 'We wanted tap into the Facebook phenomenon to help grow sales,' said
Brett Posten, Chief Creative Officer of Aviesta.com. 'With more than 800
million users and over 50 percent of who log-on at least once per day, Facebook
social commerce was a top priority for us. In addition, we needed a solution
that would provide us with multi-currency options and one that would be easy to
setup and maintain - Planet Payment's solution fit the bill.'
'Planet Payment provides value-added products/services to help merchants sell
more and expand their business globally,' stated Scott Goldthwaite, senior vice
president of product management and marketing. '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.'
About VendorShop
VendorShop enables businesses to launch virtual stores on Facebook simply and
cost effectively. Customers can easily purchase products from their favorite
stores without leaving Facebook. VendorShop already powers thousands of stores
across Facebook covering a variety of sectors including fashion, food,
ticketing, charity and arts and crafts.
VendorShop's development team also provide custom development services and have
been responsible for developing one of the first mobile top-up stores on
Facebook along with other customized solutions in the retail sector. VendorShop
is headquartered in Dublin, Ireland. Visit www.vendorshopsocial.com or
www.Facebook.com/vendorshop for more information.
About Planet Payment
Planet Payment is a leading provider of international payment processing and
multi-currency processing services. We provide our services in 16 countries and
territories across the Asia Pacific region, North America, the Middle East,
Africa and Europe, primarily through our more than 45 acquiring bank and
processor customers. Our point-of-sale and e-commerce services help merchants
sell more goods and services to consumers, and are integrated within the
payment card transaction flow enabling our acquiring customers to process and
reconcile payment transactions in multiple currencies, geographies and
channels.
Planet Payment is headquartered in New York and has offices in Atlanta,
Beijing, Bermuda, Delaware, Dubai, London, Hong Kong, Shanghai and Singapore.
Visit www.planetpayment.com for more information on the Company and its
services. For up-to-date information follow Planet Payment on Twitter at
@PlanetPayment or join Planet Payment's page on Facebook.
Media Contacts
Planet Payment
Contact: Scott Goldthwaite
Telephone: +1.516.304.9465
email: sgoldthwaite@planetpayment.com
www.PlanetPayment.com
VendorShop
Contact: Chris Small
Telephone: +353.1.881.8801
email: chris@VendorShopSocial.com
www.VendorShopSocial.com
News Source: NASDAQ OMX
19.12.2011 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: Planet Payment
United States
Phone:
Fax:
E-mail:
Internet:
ISIN: USU726031185
WKN:
End of Announcement DGAP News-Service
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