12/7/2000

Electronic Retailing Association Members now able to process multi-currency transactions via Strategic Partnership Between DPI And Planet Payment^®

December 7, 2000 (Washington, D.C./New York, NY/Omaha, NE) -- DPI Merchant Services, the exclusively endorsed provider of merchant services for the Electronic Retailing Association (ERA), today announced a strategic partnership with Planet Payment that will bring end-to-end, real-time multi-currency credit card processing to ERA members both domestically and internationally. Through the strategic alliance between DPI and Planet Payment, ERA members may obtain among the most competitive processing arrangements ever offered for handling multi-currency international transactions.

"ERA is very excited about offering a cutting-edge payment processing solution to all of our members worldwide," said ERA President & CEO Elissa Matulis Myers, CAE. "This unique and powerful offering will significantly increase our members' profit margins and will ultimately reduce operational costs by eliminating the logistical difficulties and problems usually involved in cross-border selling."

Utilizing the Planet Payment-DPI solution, ERA merchants can now:

- Price goods and receive settlement in any major currency (e.g.: Sterling to Sterling or Singapore Dollar to Sterling or U.S. Dollar), allowing merchants to display pricing and receive settlement in their preferred currencies.
- Price goods in several different currencies and receive settlement in any one currency -- a benefit to those who are selling goods into more than one country.
- Dynamically display prices with a menu of currencies driven by a table of exchange rates pegged to a merchant's base currency (updated daily by prominent financial institutions), allowing customers to compare pricing and pay for the purchase in their preferred currency.
- Obtain settlement and reports in the currency of the merchant's choice.

"The partnering of DPI Merchant Services and Planet Payment, two leaders in e-commerce payment processing, greatly speeds the delivery of true multi-currency payment processing solutions to ERA members worldwide," said Robert Troyer, President and CEO of DPI Merchant Services.

"This strategic partnership with DPI Merchant Services continues our stated strategy to be the global leader in providing multi-currency payment solutions," said Philip Beck, CEO of Planet Payment. "We are offering an innovative proposition to all parties involved in an electronic transaction: customers can view prices and pay for goods in the currency of their choice while enabling the merchant to receive payment in the currency of its choice - all securely, conveniently and efficiently and irrespective of whether the transaction is completed face-to-face or remotely via personal computer, mobile telephone or other wireless Internet access device."

About DPI Merchant Services: DPI Merchant Services, a wholly owned subsidiary of DPI Holdings Corporation, is a leading domestic mail order and Internet payment processor. The company specializes in software, batch and e-commerce transaction driven solutions. Founded in 1990, DPI currently handles processing for over 750 direct marketing and e-commerce merchants in the U.S. with offices in Omaha, NE, Phoenix, AZ, Denver, CO, San Diego, CA, Houston, TX, and Atlanta, GA. DPI can be contacted at its corporate office 7100 West Center Road, Suite 300, in Omaha, NE (402-399-9777) or on the web at www.dpicorp.com.

About Planet Payment: Planet Payment (www.planetpayment.com) is a global leader in providing multi-currency Internet payment solutions to merchants, technology companies and financial institutions worldwide. Planet Payment's affordable solution enables Internet merchants to securely accept Visa®, MasterCard®, American Express® and other major debit and credit cards in a secure, real time environment, 24 hours a day and in over 140 currencies – whether the buyer is using a personal computer, mobile telephone, or other wireless device. The Planet Payment Gateway, powered by Authorize.Net, is compatible with over 100 of the leading shopping cart technologies. Planet Payment can be contacted in the U.S. at 950 Third Avenue, New York, NY 10022 (Tel: +1 212.980.5100). Planet Payment can be reached on the web at www.planetpayment.com.