i hold these ones i had a target of 10 form some broker rec do not rember from where but held them 6 mths a long time ,moving nicely ,
any holders

now .98 close to target 100

New article, click HERE

StockMarketWire.com
Multi-currency payment and data processor Planet Payment has greeted Visa's decision to end its moratorium on Dynamic Currency Conversion (DCC).

DCC allows credit-card holders to have the cost of a transaction converted to their local currency when making a payment in a foreign currency.

In April, Visa issued new rules limiting the addition of new DCC participants. However yesterday (October 7) the company ended the restriction.

As a result, Planet Payment said its acquirer customers were now able to activate new accounts and new merchant locations for DCC on both Visa and MasterCard in all regions.

Chairman Philip Beck said, 'We believe that this positive development will facilitate our sales and marketing efforts and entry into new markets.

'Planet Payment's services help acquirers open new sales channels, merchants sell more goods and services and cardholders enjoy informed choice and transparency at the point-of-sale. We look forward to continuing the growth of our business and revenues.'

Planet Payment president snaps up more shares

By Giles Gwinnett

December 16 2013, 3:52pm
The day before (Dec 12), Williams had snapped up 50,000 shares at US$2.17 each for just short of US$109,000. He now holds 290,000 shares in Planet
The day before (Dec 12), Williams had snapped up 50,000 shares at US$2.17 each for just short of US$109,000. He now holds 290,000 shares in Planet


Planet Payment (LON:PPT) president Carl Williams bought on December 13 (Friday) 25,000 company shares.

They were bought at an average price of US$2.33 for a transaction cost of US$58,250.

The day before (Dec 12), Williams had snapped up 50,000 shares at US$2.17 each for just short of US$109,000. He now holds 290,000 shares in Planet.

The company supplies payment and currency processing services across Asia Pacific, North America, the Middle East, Africa and Europe.

Planet Payment going the whole enchilada with Visa in Mexico

By John Harrington

December 23 2013, 1:00pm
The collaboration with bakery group Grupo Bimbo in Mexico could be worth a lot of dough to Planet Payment

With the World Cup looming much of the globe’s attention in 2014 will be on Brazil, but Planet Payment (LON:PPT, NASDAQ:PLPM) will be watching Mexico.

That’s because an initiative is under way to expand electronic payments in Mexico, and the development could be strategically important for the AIM and NASDAQ-listed provider of international payment processing and multi-currency processing services.

The initiative is being driven by an alliance between pre-paid airtime specialist Blue Label Telecoms, credit & debit cards leader Visa and bakery goods giant Grupo Bimbo. Tucked away in the background, in Visa’s corner, you will find Planet Payment, which will be providing and operating the processing platform that enables merchants in Mexico to accept, process and reconcile card payments.

At first sight, the inclusion of a bakery group in the triumvirate is a bit odd, but there are more than 700,000 small merchants across Mexico that take Grupo Bimbo merchandise, and it is a brand that is well-trusted by the corner shops and independent traders.

Blue Label’s involvement is a little easier to suss. It already provides pre-paid tokens that are used to top up mobile phones or pay for electricity, so extending the concept to – well, just about everything sold in the local convenience store – is a logical step that should not prove too much of a leap of faith for Mexican shoppers.

Of course, global payments goliath Visa is intensely interested in persuading shoppers to convert from using cash to using electronic payment methods and in Mexico (and, incidentally, Myanmar) it has chosen Planet Payment as its partner to do this.

“It is a tremendous validation for our technology,” Graham Arad, a director, senior vice-president and general counsel of Planet Payment told Proactive Investors.

“Visa decided to pick us and our platform. They could have chosen anybody in the world, but they chose us,” Arad notes.

In fact, that statement about “choosing anyone in the world” needs a considerable amount of qualification. In truth, there are few – if any – companies in the world that could have provided the flexibility and quick roll-out ability that Visa needed.

“We have a platform that enables us to move quickly into new countries. All we need are telecom links,” Arad explains.

As part of the collaboration, Planet Payment delivered an innovative solution that includes support for both payment and non-payment transactions, including items such as pre-paid airtime for mobile phones and bill payment to a single mobile device.

Planet Payment will earn transaction processing revenue under the deal.

Around 640,000 retail locations in Mexico currently accept payment cards, according to the Central Bank of Mexico, so the idea of electronic payments is not unfamiliar. However, the Grupo Bimbo, Blue Label and Visa triumvirate want to increase significantly the number of mobile payment terminals and acceptance of electronic payments in small retail locations across Mexico.

Planet Payment’s third quarter results talked of targeting 150,000 merchant locations in the Central American country. As at the end of October, 6,000 merchants were already participating in the initiative, and the roll-out has continued at a fair lick since then.

Beyond that, it is a pretty safe bet that Visa will be looking to do the same sort of thing in the other cash economies of the world, and when it is looking for a partner to do so, Planet Payment should be in the box seat.

Visa estimates that 41% of transactions in the developed world are still made by cash and cheque, and that rises to 62% in emerging markets.

“That equates to over US$11 trillion of cash transactions around the world, which serves as a significant potential addressable market for the card networks and processors like Planet Payment,” Planet Payment’s chief executive Philip Beck said in a recent conference call.

Arad is enthused about the prospect of breaking into what is a new area for Planet Payment and replicating the model in other countries.

“It will make us much less susceptible to the vagaries of the world economy,” he asserts.

In other words, the company will be less dependent on business travellers making lots of trips and more dependent on people popping down to the shop to buy a loaf of bread and some milk.

So, to misquote Buzz Lightyear, it is a case of “to Mexico and beyond!” for Planet Payment.

Oh, and by the way – it has Brazil covered too, having announced a deal with Cielo, the leader in electronic payment processing in Latin America, back in November 2012.

With Brazil hosting the next World Cup and the next Olympics, that looks like a deal that is as well-timed as a tackle from Brazilian midfielder Sandro.

Planet Payment going the whole enchilada with Visa in Mexico

By John Harrington

December 31 2013, 6:00am
The collaboration with bakery group Grupo Bimbo in Mexico could be worth a lot of dough to Planet Payment



With the World Cup looming much of the globe’s attention in 2014 will be on Brazil, but Planet Payment (LON:PPT, NASDAQ:PLPM) will be watching Mexico.

That’s because an initiative is under way to expand electronic payments in Mexico, and the development could be strategically important for the AIM and NASDAQ-listed provider of international payment processing and multi-currency processing services.

The initiative is being driven by an alliance between pre-paid airtime specialist Blue Label Telecoms, credit & debit cards leader Visa and bakery goods giant Grupo Bimbo. Tucked away in the background, in Visa’s corner, you will find Planet Payment, which will be providing and operating the processing platform that enables merchants in Mexico to accept, process and reconcile card payments.

At first sight, the inclusion of a bakery group in the triumvirate is a bit odd, but there are more than 700,000 small merchants across Mexico that take Grupo Bimbo merchandise, and it is a brand that is well-trusted by the corner shops and independent traders.

Blue Label’s involvement is a little easier to suss. It already provides pre-paid tokens that are used to top up mobile phones or pay for electricity, so extending the concept to – well, just about everything sold in the local convenience store – is a logical step that should not prove too much of a leap of faith for Mexican shoppers.

Of course, global payments goliath Visa is intensely interested in persuading shoppers to convert from using cash to using electronic payment methods and in Mexico (and, incidentally, Myanmar) it has chosen Planet Payment as its partner to do this.

“It is a tremendous validation for our technology,” Graham Arad, a director, senior vice-president and general counsel of Planet Payment told Proactive Investors.

“Visa decided to pick us and our platform. They could have chosen anybody in the world, but they chose us,” Arad notes.

In fact, that statement about “choosing anyone in the world” needs a considerable amount of qualification. In truth, there are few – if any – companies in the world that could have provided the flexibility and quick roll-out ability that Visa needed.

“We have a platform that enables us to move quickly into new countries. All we need are telecom links,” Arad explains.

As part of the collaboration, Planet Payment delivered an innovative solution that includes support for both payment and non-payment transactions, including items such as pre-paid airtime for mobile phones and bill payment to a single mobile device.

Planet Payment will earn transaction processing revenue under the deal.

Around 640,000 retail locations in Mexico currently accept payment cards, according to the Central Bank of Mexico, so the idea of electronic payments is not unfamiliar. However, the Grupo Bimbo, Blue Label and Visa triumvirate want to increase significantly the number of mobile payment terminals and acceptance of electronic payments in small retail locations across Mexico.

Planet Payment’s third quarter results talked of targeting 150,000 merchant locations in the Central American country. As at the end of October, 6,000 merchants were already participating in the initiative, and the roll-out has continued at a fair lick since then.

Beyond that, it is a pretty safe bet that Visa will be looking to do the same sort of thing in the other cash economies of the world, and when it is looking for a partner to do so, Planet Payment should be in the box seat.

Visa estimates that 41% of transactions in the developed world are still made by cash and cheque, and that rises to 62% in emerging markets.

“That equates to over US$11 trillion of cash transactions around the world, which serves as a significant potential addressable market for the card networks and processors like Planet Payment,” Planet Payment’s chief executive Philip Beck said in a recent conference call.

Arad is enthused about the prospect of breaking into what is a new area for Planet Payment and replicating the model in other countries.

“It will make us much less susceptible to the vagaries of the world economy,” he asserts.

In other words, the company will be less dependent on business travellers making lots of trips and more dependent on people popping down to the shop to buy a loaf of bread and some milk.

So, to misquote Buzz Lightyear, it is a case of “to Mexico and beyond!” for Planet Payment.

Oh, and by the way – it has Brazil covered too, having announced a deal with Cielo, the leader in electronic payment processing in Latin America, back in November 2012.

With Brazil hosting the next World Cup and the next Olympics, that looks like a deal that is as well-timed as a tackle from Brazilian midfielder Sandro.

Another 6% today

Closed up 13.11%

Planet Payment shares surge as chief executive exercises options

By Giles Gwinnett

January 02 2014, 4:36pm
Planet provides services in 22 countries and territories across the Asia Pacific region, North America, the Middle East, Africa and Europe, primarily through our more than 60 acquiring bank and processor customers
Planet provides services in 22 countries and territories across the Asia Pacific region, North America, the Middle East, Africa and Europe, primarily through our more than 60 acquiring bank and processor customers


Shares in payment processing specialist Planet Payment (LON:PPT) rose nearly 12% on Thursday as it emerged its chairman and chief executive is now interested in 4% of shares.

Philip Beck on December 30 exercised stock options related to the firm's 2006 equity incentive plan, the firm said in a brief statement.

Each option was for an exercise price of US$2.50 and was due to expire on December 31 last year.

He is now interested in 2,455,072 shares or around 4% of the issued and outstanding shares.

Planet provides services in 22 countries and territories across the Asia Pacific region, North America, the Middle East, Africa and Europe, primarily through more than 60 acquiring bank and processor customers.

up Another 4% Today

Appointment of COO

RNS


RNS Number : 9245W

Planet Payment Inc.

06 January 2014




Planet Payment, Inc. Appoints Robert J. Cox as

Chief Operating Officer



Planet Payment, Inc.(NASDAQ:PLPM) (LSE:AIM:PPT), a leading provider of international payment and transaction processing and multi-currency processing services, is pleased to announce that the Company has appointed Robert J. Cox as Chief Operating Officer of the Company with immediate effect. Mr. Cox will also continue in his role as Chief Financial Officer.

Mr. Cox has served as our Senior Vice President, Chief Financial Officer and Treasurer since November 2009 and will continue to serve in such roles following his appointment as Chief Operating Officer. From June 2009 to November 2009, Mr. Cox served as the Chief Financial Officer of Harris Interactive, Inc., a market research firm. From 2001 to May 2009, Mr. Cox served as the Chief Financial Officer of DealerTrack Holdings, Inc., an automotive retail software solution provider. He began his career as a Certified Public Accountant in the audit practice at KPMG LLP. Mr. Cox holds a B.A. in Accounting from St. Bonaventure University and an M.B.A. from Columbia Business School.

Commenting on the appointment, Philip Beck, Chairman and Chief Executive Officer of Planet Payment, said:

"Based on Bob's experience at Planet Payment and his nearly 15 years of experience with successful growth-oriented technology companies, we are confident that Bob can help us drive long-term sustainable growth for Planet Payment"

Carl J. Williams, President of Planet Payment, added "I'm very pleased to have Bob expanding his responsibilities at this juncture of our development".

Cox stated, "I have been very fortunate to have worked with Philip over the past 4 years. I look forward to continuing to work with Philip, Carl and the rest of the management team as we successfully execute on our growth initiatives."

BIG PICTURE: Planet Payment playing its cards right

By John Harrington

January 09 2014, 11:11am



Barring a post-Armageddon scenario, consumers are not likely to go back to using cash as their sole means of payment.

Shares in Planet Payment (LON:PPT, NASDAQ:PLPM) have been rising steadily in 2014, suggesting the market has recognised a leveraged play on global recovery.

It would be fair to say that a prolonged period of belt-tightening across the globe in the wake of the credit crunch threw a few hurdles in the way of the international payments and transactions processing company’s growth plans.

The company charges a fee for every transaction, so is dependent on the number of transactions it handles and the sales value of those transactions. If, as widely predicted, 2014 is to be a year when consumer confidence returns with a vengeance then Planet Payment is well-placed to benefit from that rebound.

Better still, it won’t have to do much to profit from the growth in the top line; the company has the platform in place already and so most of the increased revenue gushes down to the bottom line.

That model leaves the company free to concentrate its firepower on adding more merchant locations to its customer base, with a particular emphasis on emerging markets and day-to-day transactions, rather than the potentially more volatile multi-currency processing side of the business, where big ticket items tend to be the order of the day.

So, rather than relying so much on punters ordering a new fridge from Germany or an electric guitar from the US, the company plans to round out its business by seeking to grab a larger slice of the consumer staples end of the market.

With emerging markets moving from cash economies to card-based economies, the force is with Planet Payment in this respect.

Two of the big areas of interest for the company are Brazil and Mexico.

In the former, the company has hooked up with Cielo, the leader in electronic payment processing in Latin America.

Tourists visiting Brazil, which is hosting the next Olympic Games and World Cup, will now be able to use Planet Payment’s currency processing system to pay in their home currency through Cielo’s network of 1.3mln merchants.

In Mexico, the company is a vital player in an alliance between pre-paid airtime specialist Blue Label Telecoms, credit & debit cards leader Visa and bakery goods giant Grupo Bimbo.

Planet Payment will be providing and operating the processing platform that enables merchants in Mexico to accept, process and reconcile card payments.

The inclusion of a bakery group in the triumvirate gives an insight into the sort of partners Planet Payment is targeting.

There are more than 700,000 small merchants across Mexico that take Grupo Bimbo merchandise, and it is a brand that is well-trusted by the corner shops and independent traders.

For a £100mln valued company, Planet Payment has some heavy hitters among its clientele, and the listing on NASDAQ just over a year ago won’t have done its profile any harm.

Costs associated with the NASDAQ listing meant the company dipped into the red in 2012, but should be back in the black when 2013’s numbers are totted up. The company’s guidance is for adjusted underlying earnings (EBITDA) to be in the region of US$5.4mln to US$7.4mln.

Barring a post-Armageddon scenario, consumers are not likely to go back to using cash as their sole means of payment once they have enjoyed the convenience of using their flexible friend and, in any case, the tremendous growth in online shopping makes an increase in electronic payments inevitable.

Planet Payment’s position at the forefront of the transactions processing business should see it thrive in such an environment.

up 8%

up 12%

Going well today.

Trading Update

RNS


RNS Number : 9345A

Planet Payment Inc.

26 February 2014








Planet Payment Announces Preliminary Results for the

Year Ended December 31, 2013



Planet Payment, Inc. (NASDAQ:PLPM) (LSE:PPT), a leading provider of international payment and transaction processing and multi-currency processing services today announced certain preliminary results for its fiscal year ended December 31, 2013.



The Company is providing the following preliminary ranges of certain of the financial results of the year ended December 31, 2013, which are subject to completion of the preparation and audit of its financial statements.



· Net revenue of $46.3 million to $46.7 million (2012: $43.6 million)

· Net (loss) income of $(0.5) million to $0.0 million (2012: net loss ($4.5 million))

· Adjusted EBITDA $3.7 million to $4.2 million (2012: $2.4 million) (See Table 1 and 2 for reconciliation of preliminary 2013 and actual 2012 net (loss) income to Adjusted EBITDA)

· Cash balance as of December 31, 2013 was approximately $6.5 million (2012: $6.0 million)



The Company will provide full results for the year ended December 31, 2013 during the investor conference call that it intends to host on March 6, 2014. Further details will be forthcoming.



Conference Call

The Company hosted a conference call to discuss these updates on 25 February 2014 at 5:00 pm New York time. The call was webcast live from the Company's investor relations website at http://ir.planetpayment.com/. The conference call can also be accessed live over the phone by dialing (877) 705-6003, or for international callers (201) 493-6725. A replay is available and can be accessed on the Company's website or by dialing(877) 870-5176, or for international callers (858) 384-5517, and entering the conference ID 13575868. The replay will be available until the Company's full year and fourth quarter 2013 earnings call on the Company's website or via telephone until Thursday, March 6, 2014.





Notice Regarding Forward-Looking Statements.



Information contained in this announcement may include 'forward-looking statements'. All statements other than statements of historical facts included herein, including, without limitation, those set forth in "Preliminary Unaudited Results for the Year ended December 31, 2013" and those regarding the financial position, business strategy, plans, trends, and objectives of management for future operations of both Planet Payment and its business partners, financial growth, estimated net revenue, net income (loss) and Adjusted EBITDA are forward-looking statements. Such forward-looking statements are based on a number of assumptions regarding Planet Payment's present and future business strategies, and the environment in which Planet Payment expects to operate in future, which assumptions may or may not be fulfilled in practice. Actual results may vary materially from the results anticipated by these forward-looking statements as a result of a variety of risk factors, including the risk that implementation, adoption and offering of service by processors, acquirers, merchants and others may take longer than anticipated, or may not occur at all, regulatory changes and changes in card association regulations and practices, changes in domestic and international economic conditions and changes in volume of international travel and commerce and others. Additional risks may arise, with respect to commencing operations in new countries and regions, of which Planet Payment is not fully aware at this time. See the Company's last Quarterly Report on Form 10-Q, filed at www.sec.gov for other risk factors which investors should consider. These forward-looking statements speak only as to the date of this announcement and cannot be relied upon as a guide to future performance. Planet Payment expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained in this announcement to reflect any changes in its expectations with regard thereto or any change in events, conditions or circumstances on which any statement is based.



About Planet Payment



Planet Payment is a leading provider of international payment and transaction processing and multi-currency processing services. We provide our services in 22 countries and territories across the Asia Pacific region, North America, the Middle East, Africa and Europe, primarily through our more than 60 acquiring bank and processor customers. Our point-of-sale and e-commerce services help merchants sell more goods and services to consumers, and together with our ATM services are integrated within the payment card transaction flow enabling our acquiring customers, their merchants and consumers to shop, pay, transact 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, Dublin, London, Hong Kong, Mexico City, Shanghai and Singapore. Visit www.planetpayment.com for more information about the Company and its services. For up-to-date information follow Planet Payment on Twitter at @PlanetPayment or join Planet Payment's Facebook page.

Planet Payment moves into the black

By John Harrington

March 07 2014, 9:46am
Planet Payment is looking forward to this year's World Cup in Brazil, having hooked up with Cielo, the leader in electronic payment processing in Latin America, back in November 2012.



Electronic payment and transaction processing firm Planet Payment (NASDAQ:PLPM, LON:PPT) edged back into the black in 2013.

Having advised the market late in February that it expected to break even or register a small post-tax loss for 2013, the company posted a small profit of US$22,006, versus of loss of US$4.45mln in 2012.

Net revenue was up to US$46.6mln in 2013 from US$43.6mln in 2012, while adjusted underlying earnings (EBITDA) advanced to US$4.2mln from US$2.4mln the year before.

The fourth quarter saw the company make a post-tax profit of US$0.2mln versus a loss of US$0.1mln a year earlier on revenue that rose to US$12.2mln from US$11.9mln. Adjusted EBITDA hardened to US$1.3mln from US$0.9mln in the previous year’s final quarter.

One of the key metrics for the company is the number of total active merchant locations, and this rose by almost a half in 2013 to 61,000 from around 41,000 in 2012.

Consolidated gross billings, another key indicator, is also heading in the right direction, rising to US$123.8mln in 2013 from US$117.9mln in 2012, while the total settled dollar volume processed surged to US$7,054mln from US$6,114mln.

"I believe our achievements in 2013, that are in various stages of implementation and roll-out, will validate that Planet Payment is on the right path,” said Carl Williams, who was recently appointed chief executive officer (CEO) of the company as it split the CEO and chairman roles, with Philip Beck remaining as chairman.

Shares in Planet Payment were down 3p to 207p in early trading but remain up by a third year-to-date.

Planet Payment on the way to ‘strong growth’

By Jamie Nimmo

March 10 2014, 1:00pm
Canaccord thinks this could be just the beginning for revenues and repeats its ‘buy’ recommendation and 225p target price
Canaccord thinks this could be just the beginning for revenues and repeats its ‘buy’ recommendation and 225p target price


Electronic payment processing firm Planet Payment (LON:PPT, NASDAQ:PLPM) is embarking on the path to strong growth.

That’s the view of City outfit Canaccord Genuity, which is upbeat on the company’s prospects following last week’s annual results.

Having advised the market late in February that it expected to break even or register a small post-tax loss for 2013, the company posted a small profit of US$22,006, versus of loss of US$4.45mln in 2012.

Net revenue was up to US$46.6mln in 2013 from US$43.6mln in 2012, while adjusted underlying earnings (EBITDA) advanced to US$4.2mln from US$2.4mln the year before.

But Canaccord thinks this could be just the beginning for revenues and repeats its ‘buy’ recommendation and 225p target price.

“We continue to believe Planet Payment has a unique position in the payment ecosystem due to its feature rich technology platform and subject matter vertical expertise,” said analyst Bob Liao.

“The key objective is to execute quickly and efficiently on its extensive pipeline of opportunities.”

Instilling a ‘sales-first’ focus in the company is top of the agenda, he explains, reducing the time taken to implement and launch a solution.

Planet Payment launches in Brazil as World Cup fever builds

By Philip Whiterow

March 27 2014, 8:04am
Cielo, one top names in electronic payment across Latin America, is Planet Payment's partner in Brazil.
Cielo, one top names in electronic payment across Latin America, is Planet Payment's partner in Brazil.


Planet Payment (LON:PPT) has launched its pay in your currency electronic payment service in Brazil and will roll it out it to be ready for the football World Cup.

The PYC service, which will allow visitors to pay on Mastercard or Visa, supports approximately 100 currencies while merchants will receive settlement and reporting in the Brazilian Real (BRL).

Cielo, one top names in electronic payment across Latin America, is Planet Payment's partner in Brazil.

Dilson Ribeiro, business development vice president at Cielo. said: "It is increasingly important for our merchant customers to be able to differentiate themselves to the expected increase of international travellers to Brazil, especially considering the impending World Cup.”

Drew Soinski, Planet Payment’s managing director - Americas, added: "Planet Payment and Cielo have been hard at work behind the scenes preparing for this day.

“Partnering with an industry leader like Cielo is one thing - seeing the impact that PYC will have on its merchants is icing on the cake.“

“This is an exciting time for tourism in Brazil, and we are happy to have a hand in helping Brazilian merchants prepare.”