Electracash hires a veteran of high-risk bank credit card acquiring market

Online payment processor Electracash dealing with for retailers, online B2B service providers and recurring billers of online purchases, has announced the name of a new Director of Marketing whose main mission will be development of the company and growth and service of a new product line of e-commerce solutions being released this year. 

Richard S. Cornejo, a newly appointed Director of Marketing, has a 30-year experience in the high-risk bank credit card acquiring market. Previously Cornejo has served as Executive Vice President and BankCard Manager for Charter Pacific Bank, a leading credit card acquiring bank for e-commerce and high-risk category merchants, with a total portfolio processing in excess of $250 million a year and has held a number of senior executive management positions at leading financial institutions in Southern California; including over ten years at Union Bank and more than two years as President and Chief Executive Officer of BBH Qualified Plans, Inc. 

“With all that Electracash has going on, and with the robust growth we foresee in 2009, we see adding Rich to the management mix as the best way to be sure our organizational efforts in the Marketing and Sales area succeed," said Lee Falls, CEO of Electracash payment system.


Source: Market Wire