Zipmark Lands Payments Industry Veteran to Lead Partnerships and Alliances

Former Revolution Money executive, Kenneth Douglas, to lead the development of channel partnerships and strategic alliances to launch Zipmark risk-free, digital checks.

New York, NY, July 25, 2012 --( Zipmark, the 21st Century Checkbook, announces the expansion of its team with the appointment of Kenneth Douglas to Head of Partnerships and Alliances reporting directly to CEO, Jay Bhattacharya. Kenneth will be responsible for driving the company's worldwide strategic partnership, alliances and channel relationships. Kenneth brings a track record of leveraging global relationships in the payment industry to successfully build and scale growth stage companies.

Prior to Zipmark, Kenneth was GM and VP Merchant Services at Revolution Money which was acquired by American Express Company and rebranded as Serve™. At Revolution Money, he developed relationships and integrated into several of the world’s largest merchant processing platforms, payment gateways and network switches, enabling card acceptances at over 700,000 merchant locations. Most recently, he held executive management positions at two early stage companies, Twitpay and Adility, that were both successfully acquired.

"This is an exciting time for Zipmark and Kenny is an ideal addition to the team. He bringing proven ability to build new businesses and a wealth of industry experience that will support us in aggressively scaling Zipmark's billing partnerships, merchant acceptance and consumer awareness," said Jay Bhattacharya, CEO and Co-Founder of Zipmark.

"I was attracted to Zipmark due to its simple, elegant answers for merchants and consumers, providing a much needed solution for accepting payment from a checking account as well as a powerful real-time disbursement offering for marketplaces," said Kenneth Douglas. "Not only does Zipmark provide merchants with a simple, low cost and no risk method of payment, but consumers benefit with a digital check directly from their bank without the hassle of intermediary accounts or stored value. The Zipmark Disbursement product directly addresses real pain points that businesses have today when trying to securely send payments to suppliers without writing a manual check or using the inefficient ACH process. I look forward to helping the company grow and become the most preferred and recognized payment type and disbursement provider in the industry."

About Zipmark
Zipmark, the 21st Century Checkbook, seeks to remove barriers between people and their money by providing a unique, real-time service for payments and disbursements. Built on patented eCheck processing software, Zipmark eliminates settlement delays and returned items. Zipmark was launched in 2010 by former Citi Ventures executive, Jay Bhattacharya and Jake Howerton, and is based in New York City.
Seth Harlem