Clareon CEO Paul Walsh Joins CommerceNet Board of Directors; Internet Payment Leader Joins Internet Commerce Association to Define Interoperability Standards for Online Payments.Business/Technology Editors PORTLAND, Maine--(BUSINESS WIRE)--Oct. 11, 2000 Clareon Corporation, provider of the only bank-neutral Internet payment network for secure, information-rich, B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business transactions, today announced that CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Paul Walsh Paul Anthony Walsh (born 1 October 1962 in Plumstead, London) was a diminutive and pacy centre forward who shot to fame in the 1980s after joining Liverpool. Playing career Charlton Athletic has been named to CommerceNet's Board of Directors. CommerceNet is the world's largest grouping of e-commerce enablers and facilitators committed to creating value through innovation in e-commerce. As a member of the Board, Walsh will assist in building infrastructure to support e-commerce pilot projects and guiding the investment of CommerceNet resources to solving e-commerce barriers. Walsh's appointment to the Board of Directors is the first step in Clareon's alignment with CommerceNet to define and develop open, interoperable standards for secure Internet payments, and expand the market for online payment systems. The establishment of open standards Specifications for hardware and software that are developed by a standards organization or a consortium involved in supporting a standard. Available to the public for developing compliant products, open standards imply "open systems;" that an existing component in a system can be replaced for Internet payments will ensure optimal security, performance and interoperability for all e-commerce financial transactions. "I'm honored to join the Board and applaud CommerceNet's commitment to Internet payment standards for e-commerce," said Walsh. "Clareon will work with CommerceNet to broaden market implementation of payment technology in a manner that will ensure the highest level of safety, efficiency and interoperability." "Mr. Walsh's experience in applying digital payment technology to different markets will be a tremendous asset to CommerceNet and the Board," said Mark Resch, president and CEO of CommerceNet. "CommerceNet relies on the vision of such leaders to encourage the development of open standards that will accelerate the adoption of payment technology across emerging Internet markets." About CommerceNet CommerceNet is venturing with its partners--the world's largest grouping of e-commerce enablers and facilitators--to create value through innovation in e-commerce. Launched in April 1994 in Silicon Valley, its membership has grown to more than 600 e-commerce developers and end-users worldwide from hardware and software companies, financial institutions, telcos, government agencies, integrators, service providers, net market makers and others. For more information about CommerceNet, see http://www.commerce.net. About Clareon Clareon Corporation, launched in March 2000, has pioneered the only bank-neutral Internet payment network for secure, information-rich transactions between companies doing business on the World Wide Web. Clareon's payment network is based on technology originally developed by a consortium of leading financial institutions and technology providers for the U.S. Treasury U.S. Treasury Created in 1798, the United States Department of the Treasury is the government (Cabinet) department responsible for issuing all Treasury bonds, notes and bills. Some of the government branches operating under the U.S. Treasury umbrella include the IRS, U.S. Department in 1998. The high-volume business payment network enables businesses to realize significant cost savings through the ability to transact electronic payments between any company, anywhere, regardless of geography or existing bank relationships. Clareon has secured a total of $45 million in venture funding from the Mayfield Fund Mayfield Fund is a venture capital firm located on Sand Hill Road in Menlo Park, California, home to many of Silicon Valley's leading venture capital firms. Mayfield was founded in 1969 by Tommy Davis, one of the first venture capitalists. , Technology Crossover Ventures, Morgan Stanley  To comply with Wikipedia's , the introduction of this article needs a complete rewrite. Dean Witter Dean Witter may refer to:
LLC - Logical Link Control , BancBoston Ventures and Comdisco. The company employs 90 people and is headquartered in Portland, Maine's historic Old Port. For more information on Clareon, visit www.clareon.net. |
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