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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

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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."

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ATM Industry Association (ATMIA)

ATMIA is the leading non-profit representing the global ATM industry, serving thousands of members across 500 companies, including financial institutions, deployers, manufacturers, and service providers. As a division of, ePayResources, our mission is to promote ATM growth and usage, protect industry interests.

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