CLEVELAND and LONG BEACH, N.Y., June 5, 2012 (GLOBE NEWSWIRE) -- CardinalCommerce Corporation, the world-leader in enabling remote commerce (internet, mobile, etc.), and Planet Payment, Inc. (LSE:PPT) (LSE:PPTR) (OTCQX:PLPM), a leading provider of international and multi-currency payment processing services, announced the integration of Cardinal's 3-D Secure solution, Cardinal Centinel®, with Planet Payment's iPAY multi-currency eCommerce gateway.
Cardinal Centinel provides online and mobile merchants with a solution to reduce fraudulent chargebacks, manual reviews and interchange rates. Online customers are asked to enter a PIN code at checkout, which is verified by the bank that issued the credit card. The 3-D Secure program is supported by Visa and MasterCard under the Verified by Visa® and MasterCard SecureCode® branded authentication initiatives.
The Centinel platform can reduce operational costs and losses incurred due to fraud including chargebacks and fines. As a result of the agreement with Cardinal, Planet Payment customers can now receive the fraud protection and benefits offered by the 3-D Secure programs.
"3-D Secure helps online merchants fight Internet fraud and reduces their cost of selling online. 3-D Secure also enhances our merchants' ability to expand into overseas markets," stated Scott Goldthwaite, Senior Vice President of Product Management and Marketing for Planet Payment.
"As an international multi-currency processor, Planet Payment shares one of Cardinal's goals to bring secure remote transactional capabilities to customers all over the world, '' said Colt McCutcheon, Vice President, Global Sales, CardinalCommerce. "Cardinal is pleased to provide the power of Cardinal Centinel to the Planet Payment iPay gateway.''
About CardinalCommerce
CardinalCommerce has been a pioneer in the remote payments industry since 1999 and is a branded global leader in enabling authenticated payment transactions in the electronic commerce and remote commerce markets.
Cardinal's SaaS software platforms for merchants, banks, processors and transaction supply chain providers create friction-free interoperability among otherwise disparate and incompatible operating systems. Cardinal's platforms enable technology-neutral authentication across a wide range of applications. The Company's proprietary, patented solutions easily facilitate the addition of new technology for remote distribution channels through a single connection. This allows merchants to securely accept payments from the entire financial transaction ecosystem.
The universe of payments spans from traditional credit and debit card brands like MasterCard and Visa, to established and emerging alternative payment brands like PayPal™, Green Dot®, and Alipay. In accommodating this growing number of payment brands and methods, and these technology and authentication approaches within legacy infrastructure, Cardinal's platforms serve as universal switches, supporting virtually all merchant platforms, wallets, processing systems and authentication methodologies.
CardinalCommerce is headquartered in Cleveland, Ohio and services a worldwide Customer base from facilities in the United States, Europe and Africa. For more information, visit www.cardinalcommerce.com.
About Planet Payment
Planet Payment is a leading provider of international payment processing and multi-currency processing services. We provide our services in 18 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, Dublin, London, Hong Kong, Mexico City, 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.