1/3/2007

Payment Certifies USA ePay for Multi-Currency Pricing

Planet Payment [LSE:AIM: PPTR and PPT], a leading international multi-currency payment and data processor, today announced that USA ePay, a leading e-commerce payment gateway provider, had completed certification of its suite of products to support Planet Payment’s Multi-Currency Pricing (MCP) service. As a result of this certification, Planet Payment’s MCP Service is now available to USA ePay’s network of merchants and resellers.

MCP is powerful marketing tool that helps card-not-present merchants maximize the international potential of the Internet. With MCP, card-not-present merchants can customize their offerings to international markets by displaying foreign currency pricing on their website or catalogue, and allow their international customers to browse and complete purchases in the currency that they understand best – their own. Planet Payment’s MCP service offers several distinct advantages over other multi-currency services, including:

o Simplified accounting and reconciliation as the merchant continues to receive funding and reporting in United States Dollars;

o All funds are settled into the merchant’s U.S. bank account, with no foreign bank accounts required;

o No additional ACH or wire transfer fees.

"USA ePay is always looking for new and innovative ways to enhance its customers’ ROI", said Ben Goretsky, CEO of USA ePay. "From the perspective of our resellers, Planet Payment’s MCP service provides a powerful new sales tool that our resellers can use to close more new merchant sales as well as reduce existing merchant attrition. At the merchant level, Planet Payment’s MCP service allows merchants to effectively increase their sales and marketing reach to customers on a worldwide basis, while minimizing the risk of currency fluctuations, and without the need for costly overseas banking relationships."


“Planet Payment’s Multi-Currency Pricing service is an excellent compliment to USA ePay’s suite of products”, said Philip D. Beck, Chief Executive Officer of Planet Payment. “Merchants in the eCommerce and MOTO environments, with the right tools and strategy, can effectively close sales to customers located anywhere in the world -- from down the street to across the globe. MCP is an important component of this strategy and helps merchants to convert more international shoppers to buyers, thereby expanding both the reach and profitability of USA ePay’s merchant customers.”

Merchants that are interested in obtaining more information on the MCP service supported through the USA ePay gateway may contact USA ePay at 866-USA-EPAY (872-3729) or info@usaepay.com. If you are an acquirer or Independent Sales Organization that is interested in supporting Planet Payment’s MCP service, contact Melissa Jones, Director of Business Development at Planet Payment, at (516) 670-3200 or mjones@planetpayment.com.



Media Inquiries to:

Ben Goretsky

USA ePay

(866) USA EPAY

info@usaepay.com


Joel Mayer

Director, Corporate Development

Planet Payment

jmayer@planetpayment.com

(516) 670-3200


About Planet Payment:

Planet Payment is the trade name for Planet Group, Inc. [LSE: AIM: PPTR and PPT for Reg S and unrestricted common shares respectively]. Further information on Planet Payment can be found at: www.planetpayment.com.


Planet Payment is a multi-currency payment and data processor, enabling processors, acquiring banks and their merchants to accept, process and reconcile credit card transactions in multiple currencies, allowing cardholders to view prices and settle transactions in their native currency. Planet Payment’s systems also enable it to provide enhanced data reporting and data management to merchants who are using multiple systems in different countries.


The Planet Payment business was established in 1999. Planet Payment is headquartered in New York and has offices in Atlanta, the United Kingdom, Singapore and Hong Kong.


About USA ePay:

USA ePay is a full-service ECI and Retail certified payment gateway, which supports the First Data Nashville, TSYS Acquiring, Chase Paymentech and Global platforms. USA ePay, is a PCI compliant gateway and is certified with the Visa USA CISP and MasterCard SDP programs. The gateway supports the Verified by Visa and MasterCard SecureCode programs. The USA ePay gateway also carries the basic features of Address Verification System, CVV2 and CVC, Recurring Billing and a free developer’s library on their website. For more information, please visit www.usaepay.com or call 866.USA.EPAY (872-3729).



Forward-Looking Statements. Information contained in this announcement may include ‘forward-looking statements’. All statements other than statements of historical facts included herein, including, without limitation, those regarding Planet Payment’s financial position, business strategy, plans and objectives of management for future operations (including development plans and objectives relating to Planet Payment’s business) are forward-looking statements. Such forward-looking statements are based on a number of assumptions regarding Planet Payment’s present and future business strategies and the environment in which Planet Payment expects to operate in future, which assumptions may or may not be fulfilled in practice. Actual results may vary materially from the results anticipated by these forward-looking statements as a result of a variety of risk factors, including the risk that implementation, adoption and offering of the service by merchants may take longer than anticipated, or may not occur at all. These forward-looking statements speak only as to the date of this announcement and cannot be relied upon as a guide to future performance. Planet Payment expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained in this announcement to reflect any changes in its expectations with regard thereto or any change in events, conditions or circumstances on which any statement is based.