2/1/2000

NEW YORK/TOKYO, February 1, 2000 -- Planet Payment www.planetpayment.com and JAPANLINK www.jplk.net today announced an international agreement that will offer one stop e-commerce payment solutions and services to Japan's burgeoning businesses reaching out to global markets.

Planet Payment and JAPANLINK will now jointly offer one-stop e-commerce solutions to e-businesses looking to conduct activity on a worldwide basis. Japanese merchants will go online to set up their e-business website and accept online multi-currency credit card payments in real-time through the Planet Payment gateway, powered by AuthorizeNet.

JAPANLINK, headquartered in Tokyo, has a two-year exclusive license to the AbleCommerce www.ablecommerce.com shopping cart solution in Japan. Through its affiliation with AbleCommerce, this proprietary shopping cart technology is completely converted to support Japanese language and currency. JAPANLINK will offer the shopping cart as an enterprise stand-alone or as a hosted product, and through its partnership with Planet Payment, will be able to offer immediate multi-currency payment solutions to its participating merchants.

"While electronic payment systems are becoming increasingly common all over the world, from micropayment systems using smart cards in Europe to electronic currency for use on the Internet in the U.S., few electronic payment systems have originated from Japan. This partnership with Planet Payment allows us to further develop our Japanese solution for Japanese business," notes William B. Claster, President of JAPANLINK.

Japan is the leading market for Internet development in Asia. According to a recently released report from eMarketer, a highly respected U.S. Internet research firm, e-Commerce revenues in Japan will steadily rise from $1.35 billion in 1998 to $37 billion in 2003. The Japan Network Information Center (the association responsible for Japanese domain name and IP address assignment) reported the number of .jp domains connected in Japan increased 84% from March 1998 to March 1999, during the latest data recorded period.

"We feel that the Planet Payment - AbleCommerce Japan partnership will boost global e-commerce, particularly in Japan," said Michael J. Randolph, Chairman and CEO of AbleCommerce. "This is yet another step in fulfilling our obligation to support and service the Japanese Internet community"

"This latest agreement is a significant step in Planet Payment's stated strategy to become the global leader in providing multi-currency credit card payment solutions to merchants and financial institutions," says Philip Beck, Chief Executive Officer of Planet Payment. "Together, with our strategic partners, we can uniquely provide internationally-minded companies with one-stop e-businesses solutions and services on a global basis."

About JAPANLINK

AbleCommerce Japan is a division of JAPANLINK, which owns the exclusive rights to distribute AbleCommerce products in Japan. JAPANLINK (www.jplk.net) has built an online mall and will build three more within the next few months. These online malls put cutting edge technology and power at the fingertips of any merchant for the easiest, fastest and most cost-effective creation of a competitive presence online in Japan. AbleCommerce, founded in February 1995, (www.ablecommerce.com) is a division of AbleCommerce Corporation, located in Vancouver, Washington. AbleCommerce is a premiere electronic commerce solution provider.

About Planet Payment

Planet Payment (www.planetpayment.com) provides e-businesses - anywhere - with the ability to accept credit cards online, in real-time, in almost any currency. To get up and running, e-businesses need a credit card merchant account and secure payment gateway. To maximize the global opportunity presented by e-commerce, merchants will need to accept payments in multiple currencies. Planet Payment's affordable solution enables Internet merchants to accept Visa®, MasterCard®, and American Express® credit cards and is compatible with most shopping cart technologies using its state-of-the-art payment gateway powered by Authorize.Net (www.authorize.net).

Contact:

William B. Claster
JAPANLINK
Shinjuku Park Tower, 30th Floor
3-7-1 Nishi-Shinjuku
Shinjuku-ku, Tokyo, 163-1090
Japan
Tel: +81-3-5326-3137
Fax: +81-3-3950-8088
Email: claster@jplk.net