Payment BuyVoice Launches

Planet Payment, an international multicurrency payment and data processor, today announced the U.S. launch of Payment BuyVoice, a mobile commerce solution that provides merchants with a secure and convenient way to accept credit cards, from any mobile phone or landline.

To use Payment BuyVoice, the merchant dials a dedicated Payment BuyVoice toll-free number when he needs to process a credit card payment. The application initially authenticates the merchant’s credentials through password and PIN validation, and then prompts the merchant for the relevant card details, which can either be spoken or entered using the phone’s keypad. The system also supports common fraud-control features, including address and card verification value (CVV) code collection. The application submits the transaction for authorization, which is communicated back to the merchant, who subsequently receives payment for the transaction directly from his merchant bank.

Payment BuyVoice is a fully hosted application that provides merchants with immediate availability using their existing telephone and mobile carrier, without the need for additional hardware or software.

"BuyVoice fills a very significant market need, both in the U.S. and internationally," said Planet Payment CEO Philip Beck. "As more consumers move away from cash to credit cards for payment of all types of purchases, merchants of all types and size require cost-effective and simple means to accept credit card payments. Now, with our solution, the lack of a credit card terminal will no longer be a barrier to any merchant seeking credit card acceptance."