Planet Payment, Inc. is an international payment and data processor. It enables banks and their merchants to accept and process credit card transactions in multiple currencies, thereby providing localized pricing to foreign customers. Its processing solution integrates with banks, processors, gateways and point-of-sale solution providers to provide the key elements of a currency conversion and multi-currency processing solution. The Company's services are offered for the hospitality, retail, restaurant, travel, e-commerce and mobile commerce segments. In April 2008, it acquired the business of Pay By Touch Payment Solutions, LLC. During the year ended December 31, 2008, the Company extended its support to over 20 terminal applications delivering its multi-currency solutions to international cardholders at retail, restaurant and hospitality merchants across the United States and Asia Pacific. In 2008, it launched Cardholder Choice with its Hong Kong banks and their merchants.