Peppercoin Names Robert Nix as Vice President of Engineering; Industry Veteran to Direct Development as the Company Enhances Leading Micropayments Product.Business Editors/High-Tech Writers WALTHAM, Mass.--(BUSINESS WIRE)--Dec. 8, 2003 Peppercoin, a micropayments company that enables profitable new business models for low-priced digital content and physical goods, today announced Robert Nix has joined the company as its vice president of engineering. In this role, Nix directs the future development of the company's award-winning micropayments product, ranging from conception, planning and development to marketing Peppercoin's already progressing technology. He will report directly to Peppercoin's President & 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. , Robert Kiburz. "The demand to buy and sell low-priced digital content has increased significantly and Peppercoin is leading the micropayments industry by advancing online merchant technology to reduce transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. costs dramatically for low-priced purchases," said Robert Kiburz, president and CEO of Peppercoin. "Bob's vision and proven track record in developing Internet and e-commerce products at startups further strengthens our executive team. His technical expertise will play a significant role in enhancing Peppercoin's product and service offerings as we add new functionality." Nix brings more than two decades of successful technical leadership at innovative startups. As CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. of CommerceTone, he developed the business and technical concepts of the venture-backed eMarketing Web Services (1) Loosely, any online service delivered over the Web. Such usage appears in articles from non-technical sources, but not in IT-oriented publications, because definition #2 below describes the correct use of the term. Company. As principal architect at Open Market, Nix directed product development projects, where he helped make Open Market a leader in the e-commerce and Commerce Service Provider marketplace. Prior to Open Market, Nix served as a microprocessor systems and software architect at Silicon Graphics, Digital Equipment Corporation and Multiflow Computer (company) Multiflow Computer - A now-defunct computer company, best known for its work in Very Long Instruction Word processors. Address: New Haven, Conn. USA. . He began his career as a researcher at Xerox PARC A common reference to Xerox's famous PARC research and development center before it became a separate subsidiary of Xerox in 2002. See PARC. XEROX PARC - /zee'roks park'/ Xerox Corporation's Palo Alto Research Center. . Nix earned a Ph.D. and M.S. in Computer Science from Yale University Yale University, at New Haven, Conn.; coeducational. Chartered as a collegiate school for men in 1701 largely as a result of the efforts of James Pierpont, it opened at Killingworth (now Clinton) in 1702, moved (1707) to Saybrook (now Old Saybrook), and in 1716 was and B.A. in Mathematics from Rutgers University. About Peppercoin, Inc. Peppercoin is a micropayments company that enables profitable new business models for low-priced digital content and physical goods. Only Peppercoin helps merchants build market adoption quickly through a consumer-friendly, pay-as-you-go approach that eliminates prepayments. Peppercoin integrates easily with existing business models and systems to accelerate revenues and increase profits while dramatically lowering transaction costs Transaction Costs Costs incurred when buying or selling securities. These include brokers' commissions and spreads (the difference between the price the dealer paid for a security and the price they can sell it). . For more information visit www.peppercoin.com. All trademarks are the property of their respective owners. |
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