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Planet Payment, Inc. Appoints Carl J. Williams As President

Stocks in this article: PLPM PPT

LONG BEACH, N.Y., Nov. 12, 2013 (GLOBE NEWSWIRE) -- Planet Payment, Inc. (Nasdaq:PLPM) (LSE:AIM:PPT), a leading provider of international payment and transaction processing and multi-currency processing services, is pleased to announce that Philip Beck CEO and the Board of Directors have appointed Carl J. Williams as President of the Company and Mr. Williams has accepted such appointment, with immediate effect.

Carl Williams' career in financial services spans 30 years and includes several high profile industry positions. Mr. Williams was President of World Wide Payment Processing for Global Payments, a role that he held from 2004-2009, while living in Prague and Hong Kong and further served as an advisor until June 2013. Mr. Williams also served as Divisional President of Merchant Services of National Processing Company. More recently, he served as Managing Director of Pay Anywhere, LLC, from May 2012 to July 2013, and is the founder of Baikal Group, LLC, a consultancy and advisory company. Mr. Williams has served as an advisor to Planet Payment, Inc. since 2010 and since August 20, 2013 as a director of the Company and will continue in that role.

Commenting on the appointment, Philip Beck, Chairman and Chief Executive Officer of Planet Payment, said:

"I have worked with Carl for more than seven years in different capacities, and look forward to collaborating closely with Carl. Carl brings with him the hands-on experience of a long and successful career in financial services and payments and a complimentary skill set that I believe will help us execute our growth plans and position our company for strategic opportunities. Our first priority will be to undertake a full review of our business to determine how best to take advantage of the opportunities in front of us."

Mr. Williams added:

"I am thrilled to be joining Philip and Planet Payment during this exciting phase of their growth. I've always been an admirer of Planet Payment's platform, products and people. Planet Payment's world-wide reach and capabilities have allowed expansion unrivalled in the payments industry.  I'm looking forward to working with our partners, investors and prospects as we continue to deliver world class solutions to the global marketplace."

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