RemitPro Strengthens Board of Directors
Former First Data Corporation Executives Join the Team
OMAHA, Neb., Sept. 10 /PRNewswire/ -- RemitPro LLC, a leading provider of fraud protection and risk management tools for the brokerage and insurance industries, today announced that former First Data Corporation (FDC) chairman and CEO, Ric Duques has joined the company's Board of Directors. David Bailis, former FDC executive vice president, also joined the Board of Directors. "In ten years time, Ric Duques guided First Data from IPO to global giant. We welcome his insight as we continue to grow our business," said Jana Waughn, RemitPro founder and Chairman of the Board. "Under Duques' leadership, First Data grew from a market capitalization of $3.8 billion in 1992 to more than $30 billion. The addition of Ric Duques and David Bailis to our Board bring a new level of industry expertise and client knowledge to our team." Ric Duques joined American Express in 1987, heading the Data Based Services Group, which following its initial public offering in 1992, became First Data Corporation. Duques served as Chairman of the Board and Chief Executive Officer of First Data until January 2002. He continued to serve as Chairman of the Board until January 2003. Duques also served as head of Automatic Data Processing (ADP) Brokerage Services. He is currently a member of the boards of both Unisys Corporation and SunGard. Duques is also a member of the Board of Directors of eONE Global LP, an affiliate of FDC. David Bailis served as Executive Vice President for First Data until 2001. During his 12 years with First Data, Bailis was responsible for a number of strategic areas including the company's electronic commerce initiatives and its worldwide card issuer processing business. Additionally, Bailis served as the General Counsel and Chief Administrative Officer for First Data. RemitPro provides funds processing and risk management services along with the related technology to the securities and insurance industries. Solutions include check conversion, web-enabled ACH, and fraud detection and prevention. Merging treasury management and risk management solutions, RiskAlert, a RemitPro product suite, ensures clients achieve compliance to the USA Patriot Act rapidly and efficiently. For more information on RemitPro, RiskAlert, or the USA Patriot Act and the pending Oct. 1, 2003 deadline for compliance, visit RemitPro's website at http://www.remitpro.com .
SOURCE RemitPro LLC
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