updated 5/11/2011 11:45:31 AM ET 2011-05-11T15:45:31

LONG BEACH, N.Y., May 11, 2011 (GLOBE NEWSWIRE) -- Planet Payment, Inc. (LSE:PPT) (AIM:PPT) and (LSE:PPTR) (OTCQX:PLPM), a leading multi-currency payment and data processor and RocketPay LLC, a provider of international merchant accounts and payment solutions, today announced an agreement to provide Planet Payment's Multi-Currency Pricing service to RocketPay's  merchant customers in the United States.

RocketPay delivers solutions that enable global ecommerce merchants to expand their business by selling internationally.  As part of the agreement announced today RocketPay's core offering will now include Planet Payment's Multi-Currency Pricing service which allows merchants to target and reach international markets more effectively by offering their customers the ability to view pricing and pay in supported foreign currencies.  

Unlike other solutions, the Planet Payment Multi-Currency Pricing service is delivered through the ease and convenience of a U.S. Dollar merchant account, eliminating any requirement to incorporate overseas, or establish costly offshore bank accounts.  Additionally, merchants continue to receive all funding in U.S. Dollars and according to the same schedule as they do today, bypassing the complications and funding delays that may be experienced with other solutions.

"In our experience, ecommerce merchants seeking to compete in today's global marketplace need to offer their customers the ability to view pricing and pay in their local currency." said Caroline (Carrie) Hometh, EVP Sales and Marketing of RocketPay. "However, multi-currency processing typically comes accompanied with complexities for merchants, particularly those that just don't possess the necessary international infrastructure.  We selected Planet Payment based upon its proven track record of delivering solutions that emphasise ease-of-use, allowing merchants to offer multi-currency seamlessly as part of their current business processes."

"RocketPay is led by experienced credit card veterans and thought leaders on global ecommerce and we are pleased that they have decided to offer Planet Payment's multi-currency processing solutions to their merchants," said Deborah Camm, Vice President, U.S. Channel Sales of Planet Payment."

RocketPay LLC
Rod Hometh    
+1 (978) 255-3101
Planet Payment, Inc.
Deborah Camm    +1 (800) 403-2964
Redleaf Polhill (UK PR for Planet Payment)
Emma Kane / Henry Columbine / Luis Mackness    +44 20 7566 6700
HJMT Communications, LLC (U.S. PR for Planet Payment)
Hilary Topper    +1 (516) 997-1950

About RocketPay

RocketPay LLC delivers multicurrency merchant accounts and is a leading source of expertise for international ecommerce. RocketPayenables card-not-present merchants to reach customers in new markets worldwide with secure, easy-to-integrate global payment solutions. With RocketPay you have access to more than 32 currencies in 200 countries, and a full menu of 60 country specific payment solutions.

Visit Rocket-Pay.com for more information on the company and its services. Follow RocketPay on Twitter at @RocketPay, or visit RocketPay's Facebook page for current postings.

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 40 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.

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