This new service, also known in the industry as Dynamic Currency Conversion, allows international cardholders using eligible cards to see the final amount of a cash withdrawal in their home currency at the time of the transaction.

Without Pay in Your Currency, if an international cardholder withdraws U.S. Dollars from an ATM, the transaction is subsequently converted to their home currency by their bank or card issuer. Given the timing of the conversion, the cardholder is not able to determine the final withdrawal amount until they receive their account statement from their financial institution. The service announced today provides greater clarity and convenience to the cardholder by providing them the option to convert the transaction at the time of the withdrawal. If the cardholder chooses to have the transaction converted, the amount in their local currency that they see on the ATM screen is the exact amount that will appear on their financial institution's account statement.

"We believe that the Pay in Your Currency service is an important addition to our suite of ATM product solutions," said Royal Cole, President, Financial Institution Services at Fifth Third Processing Solutions. "Our valued financial institutions partners rely on Fifth Third Processing Solutions for leading edge and innovative products that can help them drive additional revenue, as well as provide important value-add features for their ATM programs. Pay in Your Currency is another example of our ongoing commitment to provide solutions to our processing clients that help deliver greater profitability and an overall better customer experience for their valued customers."

Fifth Third Processing Solutions and Planet Payment have been offering a Dynamic Currency Conversion service to retailers in the U.S. market since 2004. Through this expanded relationship, the Service will be available on the 11,000 ATMs which Fifth Third Processing Solution manages on behalf of their current customnt customer base of almost 2,000 financial institutions across the United States. The targeted launch date of the Service is early in the third quarter of 2011.

"We are excited to launch our new ATM product with Fifth Processing Solutions, one of the leading providers of ATM product and processing solutions in the United States," said Philip Beck, Chairman and CEO of Planet Payment. "Fifth Third Processing Solutions and Planet Payment have been successfully offering multi-currency processing solutions to their merchant partners since 2004 and it is a natural extension for Fifth Third Processing Solutions to now offer this same convenience throughout their EFT processing partners."