- Agreement Takes Advantage of PDS' Debit Card Bill Payment Patent - GOLETA, Calif. and SAN ANTONIO, Sept. 21 /PRNewswire-FirstCall/ -- Commerce Planet, Inc. (OTC:CPNE) (BULLETIN BOARD: CPNE) , and its wholly owned subsidiary Consumer Loyalty, Inc. today announced the signing of a multi-year agreement with Payment Data Systems, Inc. (OTC:PYDS) (BULLETIN BOARD: PYDS) The agreement calls for Payment Data to provide private label bill payment portal services to Commerce Planet, Inc. Through its subsidiary, Consumer Loyalty, Commerce Planet will market http://www.ibillpayonline.com/ to consumers that are demanding bill payment services with enhanced features such as prepaid debit cards as a payment origination account. Last week, Commerce Planet announced that it has surpassed the major milestone of over 750,000 paid members serviced. "We believe our company's current customer base is a perfect fit for Payment Data's bill payment solution associated with a debit card as a payment account," said Commerce Planet Chairman and Chief Executive Officer Michael Hill. "By teaming up with Payment Data on the http://www.ibillpayonline.com/ product we will create another significant reoccurring revenue opportunity for Commerce Planet. After evaluation of the marketplace, we chose the Payment Data Systems solution because of the rich feature set offered to consumers and the vision demonstrated by its patent for debit card bill payment." "We are extremely pleased to have Commerce Planet as our customer," said Louis Hoch, Payment Data Systems President and Chief Operating Officer. "We are also especially proud that this industry leader chose our solution based on its power and the value and protection of its patent. Commerce Planet is a proven company that has demonstrated substantial success in an extraordinary growth industry. We look forward to teaming with Commerce Planet in an effort to accelerate that growth even further." About Commerce Planet, Inc. Commerce Planet, Inc. through its websites 'commerceplanet.com', 'osimaging.com', 'onlinesupplier.com', 'buydiscount.com' and 'mysoftwaretutor.com', provides ecommerce solutions, printing, fulfillment, and thousands of high value products at significant savings to its online loyalty club customers and members. To find out more about Commerce Planet, Inc. (OTC:CPNE) (BULLETIN BOARD: CPNE) visit our website at http://www.commerceplanet.com/. The Company's public financial information and filings can be viewed at http://www.sec.gov/. About Payment Data Systems, Inc. Payment Data Systems, Inc. is an integrated payment solutions provider to merchants and billers. The organization provides an extensive set of products to deliver world-class payment acceptance. Payment Data has solutions for merchants, billers, banks, service bureaus and card issuers. The strength of the company is its ability to offer specifically tailored solutions for card issuance, payment acceptance and bill payments. Payment Data Systems, Inc. is the owner of the electronic bill payment portal, http://www.billx.com/, which has the ability to transmit payments to thousands of national billers. Payment Data's intellectual property includes U.S. Patent Number 7,021,530 that relates to bill payments made with debit and stored value cards. For additional information, visit http://www.paymentdata.com/. Contact Michael Long for Investor Relations information at 210.249.4040 or email at . Websites: http://www.paymentdata.com/, http://www.billx.com/, http://www.carmencard.com/, and http://www.electragift.com/ FORWARD-LOOKING STATEMENTS DISCLAIMER Except for the historical information contained herein, the matters discussed in this release include certain forward-looking statements, which are intended to be covered by safe harbors. Those statements include, but may not be limited to, all statements regarding our and management's intent, belief and expectations, such as statements concerning our future and our operating and growth strategy. Investors are cautioned that all forward-looking statements involve risks and uncertainties including, without limitation, the factors detailed from time to time in our filings with the Securities and Exchange Commission. One or more of these factors have affected, and in the future could affect our businesses and financial results in the future and could cause actual results to differ materially from plans and projections. We believe that the assumptions underlying the forward-looking statements included in this release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by us or any other person that our objectives and plans will be achieved. All forward-looking statements made in this release are based on information presently available to our management. We assume no obligation to update any forward-looking statements, except as required by law. DATASOURCE: Commerce Planet, Inc.; Payment Data Systems, Inc. CONTACT: Michael Hill, Chairman and CEO of Commerce Planet, Inc., +1-805-964-9126, ext. 3128, Web site: http://www.paymentdata.com/ Web site: http://www.commerceplanet.com/

Copyright