With Focus on Market Leadership, CardinalCommerce Adds New Executive to Help Drive Strategy

/ Source: GlobeNewswire

MENTOR, Ohio, April 26, 2011 (GLOBE NEWSWIRE) -- CardinalCommerce, the worldwide leading enabler of payment brands, is pleased to announce the addition of Paul Turgeon, to the Cardinal team. Mr. Turgeon will bring his expertise in banking, financial transaction processing, and authentication to his new role as Vice President, Technology Services. Mr. Turgeon was serving as a Company advisor for the past year.

From his most recent role as President of Payments & Processing Consultants, Inc to his extensive experience in payments processing, including nearly ten years with First Data Corporation and the NYCE payment network, Mr. Turgeon brings with him a wealth of knowledge and know-how to help strengthen Cardinal's product and service offerings for its merchants, issuing banks, and mobile transaction processing Customers. Mr. Turgeon's focus will be to facilitate the growth of Cardinal's bank and financial organization solutions within the online, mobile, and remote payment markets. Mr. Turgeon also serves on the Board of Directors of the Secure Remote Payments Council.

"Since the ecommerce, mobile and remote commerce payment marketplace has expanded to include increased security, authentication, and a variety of payment products, including debit, Cardinal's in the right position at the right time," said Turgeon. "I had a chance to see and work with Cardinal from the inside out and couldn't imagine a better place to be. I'm excited to be part of the team."

Michael A. Keresman, III, President and Chief Executive Officer of CardinalCommerce added, "Mr. Turgeon is a great fit for Cardinal today and, for that matter, he can help accelerate our expansion plans. He understands the industry and will help provide the leadership to support our growth strategies."

About CardinalCommerce

CardinalCommerce Corporation is the global leader in enabling authenticated payments, secure transactions, and alternative payment brands for both eCommerce and mobile commerce.

Cardinal Centinel®* enables payment brands such as Verified by Visa, MasterCard® SecureCode, Amazon Payments, Bill Me Later®, ClickandBuy®, Cred-Ex®, Ebates, eBillme, eLayaway, Google Checkout, Green Dot® MoneyPak®, Mazooma, Moneta®, MyECheck, NACHA® Secure Vault Payments (SVP), NYCE SafeDebit ®, OneTouch Online Purchasing, paysafecard, PayPal, RevolutionCard, SafetyPay, TeleCheck®, Ukash, and more to a network of thousands of merchants and merchant service providers.

Our mobile commerce platform, Cardinal MAX, makes it simple for retailers to sell and market products through the mobile channel. Cardinal's proprietary and easily deployable technology provides consumers, merchants, credit/debit card issuers, and processors the ability to conduct authenticated Internet, wireless and mobile transactions safely and securely.

Headquartered in Cleveland, Ohio, with facilities in the United States, Europe, and Africa, Cardinal services a worldwide Customer base.

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*Cardinal Centinel Patent No. US 7,051,002 B2 

CONTACT: Media contact: Cari Linden Sr. Manager, Marketing CardinalCommerce Corporation 877.352.8444 clinden@cardinalcommerce.com