Jim Fancher Joins SeerGate as Chief Operation Officer

Atlanta, USA, April 19, 2010

SeerGate today announced that Jim Fancher has joined the company as Chief Operating Officer.

Fancher, 46, will be responsible for leadership and growth of U.S business lines as well as day to day operations that include product management, service delivery, and sales. Fancher most recently served as the General Manager of the Endpoint Exchange Network, an FIS company, where he was responsible for business strategy and technology direction as well as day to day operations serving over five thousand financial institutions. Prior to that Fancher served as Senior Vice President of Marketing at VECTORsgi and CEO of Gilson & Associates.

"We are very excited to have Jim in our team leading SeerGate's operations. Jim brings an impressive track record and deep financial services industry background, providing a strong complement to our executive leadership team. We look forward to capitalizing on his experience with strategic industry partnerships, Interoperability and passion for innovation as we grow our organization", said Eldad Aharoni, CEO of SeerGate.

"I am thrilled to be a part of this young, energetic company", said Fancher. "SeerGate brings a new simple and secure approach to payments that promise to change the way we transact. They don't have the preconceived legacy notions and have started from a clean slate; I look forward to leveraging that approach with my experience and together creating a real game changer for the banking community."

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For more information about this topic, please contact SeerGate Inc. at info@seergate.com