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Last updated on April 16, 2014 at 5:23 EDT

Pivotal Payments announces multi-currency processing for e-commerce and retail merchants

November 1, 2012

New payment processing solution to help business owners boost
international sales

MONTREAL, Nov. 1, 2012 /PRNewswire/ – Pivotal Payments, one of North
America’s fastest growing payment processors, announces it will begin
offering multi-currency processing (MCP) to US and Canadian ecommerce,
mail/telephone order and brick and mortar businesses. The service will
allow merchants to display prices and bill in over 60 currencies, while
continuing to report and settle in their local currency.

The service was launched in order to help improve sales conversions and
benefit consumers by displaying prices for international shoppers in
their local currency. It is a secure solution that offers online
merchants the capability of providing the local feel of a global
merchant’s web site, regardless of the client’s location or the
product’s shipping location. At the point of sale, retailers can use
multi-currency processing to generate additional sales and customers
from an international clientele such as business travelers. It allows
merchants to quickly and efficiently expand their business to reach a
global marketplace.

Pivotal Payments’ Dynamic Currency Conversion (DCC) gives international
shoppers the convenience of paying in their own currency when swiping
their credit card at US and Canadian businesses using Pivotal Payments’
processing services. Merchants are able to reduce their cost of
processing foreign cards and provide a more personalized service. The
enhanced shopper experience translates into repeat customers and
increased sales.

Online marketing research site EMarketer predicts by 2013, 34% of all
business to consumer ecommerce sales will come from Asia-Pacific,
surpassing North America’s 31.6%. Additionally, the European
Multi-channel and Online Trade Association recently reported that
European online B2C sales posted 19% growth in 2011 to reach an
estimated $307 billion, surpassing North America at $297 billion. By
providing multi-currency processing directly to its clients and through
its ISO and sales partner channels, Pivotal Payments aims to improve
its product offering and enhance merchant loyalty by helping business
owners achieve sales success at a global level.

“We are very excited to be adding multi-currency processing to our
robust suite of secure merchant processing solutions in North America,”
said Ron Fleming, Canadian Director of Corporate Sales for Pivotal
Payments. “The beauty of the multi-currency processing solution lies in
its simplicity. With a single merchant account, our clients can quickly
enable foreign currencies such as the Euro, Pounds Sterling, Japanese
Yen and many more, to truly tap into a global marketplace. Some of our
key clients have already begun using the MCP solution with great
success and we are now rolling it out across our entire merchant base.”

ABOUT PIVOTAL PAYMENTS

Pivotal Payments is a leading provider and processor of merchant
services throughout North America. It provides to both online and
point-of-sale merchants a variety of services such as credit and debit
card processing, electronic check conversion, merchant cash advance
programs, loyalty/gift card programs and terminal management solutions.
The company provides these services to small and mid-sized retail
businesses, mail order/telephone order merchants, e-commerce, chain
stores, franchises, restaurants and dealerships. With offices across
North America, Pivotal Payments has grown to over 350 employees and
over 1,500 sales partners and serves more than 60,000 customers. The
company processes over US$10 billion in annual transaction processing
volume.

Company and product information are available at
USA: http://www.pivotalpayments.com
Canada: http://www.pivotalpayments.ca

SOURCE PIVOTAL PAYMENTS


Source: PR Newswire