6/30/2000

  First Ecom.com and Planet Payment Announce Partnership Complementary Business Models Address the Needs of Banks and Merchants

HONG KONG/NEW YORK--(BUSINESS WIRE)--June 30, 2000--First Ecom.com, Inc. (NASDAQ: FECC, BSX: FECC BH) a global provider of electronic payment processing services, and Planet Payment, a leading provider of multi-currency Internet payment solutions, today announced a partnership designed to provide more comprehensive solutions to their respective customers.

Under the non-exclusive agreement First Ecom may refer Internet merchants who require secure, real-time, multi-currency credit card payment services to Planet Payment. This enables First Ecom to focus on providing banks and financial institutions with universal, secure, cost efficient third party processing solutions. When Planet Payment uses First Ecom's payment gateway, Planet Payment will provide a wide range of value added merchant services to First Ecom enabled banks.

``We are delighted to be working closely with Planet Payment,'' said Harold Hutton, president and CEO of First Ecom.com. ``Planet Payment has developed one of the few successful approaches to providing merchant services to businesses of any size in any country, including countries such as China and India.'' He continued, ``By referring our clients to Planet Payment, we know that they will get the service they require in a timely and effective manner.''

Philip Beck, CEO of Planet Group, commented, ``We are very pleased to be working with First Ecom. In particular, we are excited about the prospect of working with First Ecom to help merchants conduct cost effective e-commerce transactions.''

About First Ecom.com

As a global provider of electronic payment processing, First Ecom.com provides secure, easy-to-implement and low-cost online payment processing services to banks and their merchants worldwide. Through strategic partnerships with banks, ISPs, e-commerce product suppliers, system integrators and storefront solution providers, First Ecom.com will process credit card transactions made over the Internet in multiple currencies, either domestically or offshore in a tax-neutral jurisdiction. For more information, visit http://www.firstecom.com or contact First Ecom.com at +(852) 2801-5181 or by e-mail at info@firstecom.com.

About Planet Payment

Planet Payment 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, American Express and JCB credit cards and is compatible with most shopping cart technologies. For more information visit http://www.planetpayment.com or contact Planet Payment at 212/980-5100 or by email at press@planetpayment.com.

Certain statements contained herein are ``forward-looking'' statements (as such term is defined in the Private Securities Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.

Contact:

FEC Media Contact:
Davis.Comm, Inc
Jeff Davis, 415/837-3939
jdavis@daviscomm.com

or

FEC Investor Relations: 888/305-8233

or

For Planet Payment Asia:
Strategic Initiatives
Mitch Leventhal, 212/980-5100
mitchlev@planetpayment.com

or