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eDeposit Corporation (eDeposit) Announces Strategic Executive Team Realignment.

July 23, 2013

Wilmington, DE (July 23, 2013) – eDeposit Corporation (eDeposit) Announces Strategic Executive Team Realignment.

Showing exciting growth with their unique real-time payment technology, eDeposit, a leading financial services company, announced today a realignment of the executive team.

Robert R. Craig, who has been instrumental in driving eDeposit’s development and growth into new markets, has been named Chairman of the Board, replacing Norman Understein, who now becomes Executive Chairman. “Bob has positioned eDeposit to achieve exciting growth and his leadership on the board will provide direction to maximize our growing market momentum,” adds Norman Understein, founder of the patented online payment system.

The Board of Directors appointed Neil Williams as the new Chief Executive Officer to succeed Craig and lead the organization’s expansion efforts.  Williams was previously eDeposit’s Executive Vice President of Sales & Business Development, joining eDeposit in early 2012.

“Neil was the natural choice to lead eDeposit as we enter our high growth stage,” states Craig. “Neil was key to developing the eDeposit market and platform strategy for the last 18 months, working in tandem with the operations and software development teams to build the eDeposit service.  Neil knows eDeposit inside and out; we’re thrilled to have him lead the eDeposit team.”

Dan Thomas has been named Chief Product Officer, leading both product and platform development for the business.  “Dan did an amazing job to ensure a successful launch of the platform.  Working closely with our team and business partners, Dan manages numerous responsibilities strategic to the success of our business.  His tireless commitment is instrumental to our growth,” states Williams.

About eDeposit

eDeposit is reinventing the way businesses get paid.  eDeposit’s real-time payment and settlement network offers businesses an exciting value proposition including a payment guarantee.  eDeposit provides the assurance of good funds in real-time for businesses managing one-time and recurring payment transactions.    For more information on eDeposit, visit www.edeposit.com. 

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