Mr. Steven Kietz, Credit Card Industry Leader, Joins Emerging Payments Technologies Inc. Operating Under the Brand Cred-Ex as Chairman of its Advisory Board

Jun 09, 2010, 03:00 ET from Cred-Ex

SECAUCUS, N.J., June 9 /PRNewswire/ -- Emerging Payments Technologies Inc. is pleased to announce the appointment of Mr. Steven Kietz as Chairman of its Advisory Board effective immediately. Mr. Kietz has over 25 years experience in the credit card and consumer loans business working for Citibank and Chase Card Services and has been consulting in the electronic payments industry since October 2009.

"Steve brings outstanding leadership and technical experience to alternative payment solution Cred-Ex that will significantly benefit our customers, partners and merchants," says Mr. Eric Gelb, Cred-Ex's Senior Vice President of Business Development, "We are fortunate to have Steve at the helm. He will be a valuable asset to the company and to the shareholders."

Mr. Kietz has over 25 years experience in executive management and business development. Prior to joining Emerging Payments Technologies, Inc. and the Cred-Ex brand, he spent over 20 years in executive business development, marketing and sales leadership roles within the banking and credit card industry.

Prior to launching Woodbury Advisors, LLC, Steve's independent consulting firm, Mr. Kietz was CEO of Mobile Money Venture LLC (MMV), a Joint Venture between Citigroup and SK Telecom. His focus was to become a global provider of Mobile Financial Services applications to Citi Consumer and non-Citi entities including telephony providers, financial services firms and payment companies. While at MMV LLC,  Mr. Kietz developed a distribution network, recruiting distributors both nationally and internationally, focusing on new and innovative mobile payment technologies.

"It is an honor to join Emerging Payments Technology Inc. Over the last 20 years I've been intimately involved in new payments technology development and deployment," says Mr. Kietz, "I share the Cred-Ex vision to create a suite of payment systems designed to facilitate the seamless integration of state–of-the-art e- and m-commerce technologies of Cred-Ex between consumer, merchants and banks. Cred-Ex's platform fills an important and emerging gap in the marketplace, especially as e-Commerce continues to grow in the US; and the burgeoning m-Commerce industry in the US takes hold."

Stephane Touboul, Emerging Payments Technologies Inc.  CEO, says, "We view Steve as being an integral part of our business growth strategy, bringing leading-edge innovation and leadership to the marketplace. His deep payment technology experience and proven marketing and sales track record are key to unlocking Cred-Ex's significant market opportunity."

About Cred-Ex:

Cred-Ex is the main brand of Emerging Payments Technologies, Inc. that has been a leader in alternative billing for over 10 years. Emerging Payments Technologies, Inc. began developing the Cred-Ex platform and brand in 2004 to lead the trend in online billing, e-Commerce, and now m-Commerce. Express Verifiable Authorization is the corner stone of the Cred-Ex process.  Patented in 2007, it allows Cred-Ex to identify and qualify applicants and make instantaneous credit decision along with its banking partners in less than 5 seconds. Cred-Ex's owners have built several major companies and are recognized leaders in the US and Europe in the main stream and alternative payments industry.


Eric Geld

201.865.7600, ext. 102