BillMyParents Appoints Joe Proto to Board of Directors; $BMPI
BillMyParents, Inc. (OTCQB: BMPI) (OTCBB: BMPI) offers the perfect solution for parents who want to help their teens develop smart spending habits. The BillMyParents SpendSmart Card is the only instantly track-able, reloadable MasterCard prepaid card that lets parents and teens track spending in real time. Features include the ability to instantly lock, unlock andreload the card at any time; text alerts to parents and teens showing real-time transaction details with each purchase; and the freedom and security of a MasterCard prepaid card without the risk of overdrafts, accruing debt or affecting credit scores. BillMyParents provides parents with a modern way to help teach their teens financial responsibility, when it counts.
The company has announced the appointment of Joe Proto as a new member of the Company's Board of Directors, effective January 25, 2012.
Mr. Proto is a seasoned and successful senior executive and entrepreneur with three decades in the billing and payments industry. He is currently the Chairman and Chief Executive Officer of electronic billing company Transactis Inc. Mr. Proto "founded REMITCO, a remittance processing company where he also served as President for 11 years, which was acquired in 2000 by First Data Corp. [He] also founded Financial Telesis (CashFlex), a payment processor to 65 of the top 100 banks in the U.S., which was acquired by CoreStates/Wachovia and is now a part of Wells Fargo. In 2004, Mr. Proto co-founded Windham Ventures, an investment company focusing on financial technology and life sciences companies, where he currently serves as a founding partner."
BillMyParents' Chairman and Chief Executive Officer Mike McCoy commented,
"We are honored to welcome Joe to our Board of Directors. He is deeply knowledgeable about the payments industry as well as the financial technology field. As one of the leading experts in the payment industry, we believe Mr. Proto will be an invaluable asset to BillMyParents."
BillMyParents also announced that Board member Mark Sandson is retiring from the Board, also effective January 25, 2012. Going forward, the company has engaged Mr. Sandson in a consulting role.
"The Board of Directors greatly appreciates Mr. Sandson's contributions, and expects to continue to benefit from his experience and insights," said Mike McCoy.
Read the full release at Yahoo Finance.
ProActive Capital Indexes
See ProActive's Disclaimer