News

ATM kiosk startup launches with Apple cofounder on board

Planet Capital, a developer of multifunction ATM kiosks, announced its launch in the self-service payments space last week, dropping the names of some 'heavy-hitting' advisors.

May 6, 2015

Planet Capital, a Los Angeles-based developer of multifunction ATM kiosks, launched in the self-service payments space last week, according to a press release.

Planet Capital Chairman Lee Caplin and Chief Technical Officer Dan Sokol issued a joint statement on the occasion:

Planet's strategy is to deploy kiosks free of charge, removing the pay wall and common financial barriers for many merchants desiring to install service-ready, multifunction ATMs to meet their clients growing financial, digital and virtual needs within this fast-moving economy.

Planet Capital uses blockchain, cloud and other, patent-pending, technologies to enable faster, easier and more secure self-service payments and solutions, the release said.

The company's strategic team includes "some of Silicon Valley's heaviest hitters," Caplin said. According to the announcement, the team includes:

• Ken Hardesty, former executive at IBM Corp. and Seagate Technology PLC
• John Harris, former CFO of The Carlyle Group;
• Reed Hundt, FCC chairman during the Clinton administration;
• Steve Mayer, cofounder of Atari Inc.; and
• Steve Wozniak, cofounder of Apple Inc.

The team's focus is to help the company capitalize it's patent-pending IP and blockchain technology, according to A. Lyle Elias, Planet Capital CEO, ATM Industry Association founding board member, and PayE Network founder.

"Planet's next-gen ATM kiosks, unique network architecture and state-of-the-art wallet solution will make us a major payments industry disrupter," Elias said. "Planet will become the global market leader in self-service alternative payments."

Included In This Story

---

ATM Industry Association (ATMIA)

The ATM Industry Association, founded in 1997, is a global non-profit trade association with over 10,500 members in 65 countries. The membership base covers the full range of this worldwide industry comprising over 2.2 million installed ATMs.

Request Info

Learn More