updated 5/4/2011 9:17:08 AM ET 2011-05-04T13:17:08

  • E. Drew Soinski joins from Voltage Security as Managing Director, Americas
  • Scott Goldthwaite promoted to SVP Product Management and Marketing

LONG BEACH, N.Y., May 4, 2011 (GLOBE NEWSWIRE) -- Planet Payment, Inc. (LSE:PPT) (AIM:PPT) and (LSE:PPTR) (OTCQX:PLPM), a leading international payment and data processor, today announced the appointment of E. Drew Soinski as Managing Director, Americas. In this new position, Drew will be responsible for driving the revenue growth in the existing North American markets as well as managing the Company's business development efforts in the significant Latin American region.  

"Drew's strong relationships throughout the acquiring industry combined with his extensive experience in the hospitality industry and proven leadership abilities will enable him to spearhead Planet Payment's growth throughout the Americas," said Philip Beck, Chairman and Chief Executive Officer of Planet Payment.    

Drew most recently was VP Global Payments at Voltage Security where he was responsible for the Payments vertical market, selling end-to-end payment encryption solutions to larger retailers and the payment processing community.  Prior to this, Drew headed Business Development, Security Solutions and terminal application engineering at Hypercom and has held prior high level executive positions with companies like First Horizon Merchant Services (now Elavon), NaBanco (now Chase Paymentech) and NPC.  Additionally, Drew has held and currently holds numerous committee engagements within the Electronic Transaction Association (ETA).  

Planet Payment also announced the promotion of Scott Goldthwaite to SVP Product Management and Marketing, where he is now responsible for directing the product management, marketing and sales support efforts for the Company. Scott has extensive experience in developing innovative solutions in the payments industry and holds several patents in the field of mobile payments.  Prior to joining Planet Payment, Scott held other payment industry executive positions, including Vice President, Mobile Business Development at Hypercom and Vice President and was a founding member of WAY Systems.  Additionally, Scott continues to serve on ETA committees. 

Planet Payment
Joel Mayer, SVP, Corporate Development Tel: +1.516.941.1813
jmayer@planetpayment.com

Redleaf Polhill (UK PR for Planet Payment)
Emma Kane /Rebecca Sanders-Hewett / Henry Columbine   Tel: +44 20 7566 6700
planet@redleafpr.com
    
HJMT Communications, LLC (US PR for Planet Payment)
Hilary Topper / Kristie Galvani / Lisa Gordon    Tel: 516 997 1950
kristie@hjmt.com

About Planet Payment

Planet Payment's Common shares trade in the UK on AIM under the symbols PPT for unrestricted Common shares and PPTR for Reg S Common shares and in the United States on the OTCQX under the symbol PLPM.

Planet Payment is a leading international payment and data processor, providing banks and their merchants with innovative solutions to accept, process and reconcile payments, anytime, anywhere and in any currency. Our customer base of more than 45 acquiring banks and processors stretches from North America, to the Middle East, to Asia Pacific, including China, Hong Kong, Macau, Taiwan, Malaysia and India.

Planet Payment is headquartered in New York and has offices in Atlanta, Beijing, Bermuda, Delaware, London, Hong Kong, Shanghai and Singapore. Visit www.planetpayment.com for more information on the Company and its services. For up-to-date information follow Planet Payment on Twitter at @PlanetPayment or join Planet Payment's page on Facebook.

This information was brought to you by Cision http://www.cisionwire.com
http://www.cisionwire.com/hjmt/planet-payment-adds-to-executive-team--positioning-for-growth115881

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