LOS ANGELES, Jan. 10, 2005 (PRIMEZONE) -- Arnold Birenbaum, a leading IT executive with over 30 years of banking and payment experience, has joined Creditz, Inc., the foremost developer and distributor of digital currency in the world, as Executive Vice President. David Vaters, President of CEO America, Inc. (Pink Sheets:CEOA) which holds the global license for Creditz, stated: "Arnold Birenbaum has pioneered many of the seminal advances in global payments technology, and his knowledge and understanding of the emerging digital currency universe will be invaluable to Creditz' growth."
Most recently senior vice president, ePayments and Alliances for Oasis Technology Ltd., Ontario, Canada, Birenbaum was the chairman and principal spokesperson for The Solstice Alliance, a six company alliance, including Scotiabank Canada, implementing the first commercial multi-application smart card payment system.
At Visa International, where he was division head/vice president, national processing solutions, Birenbaum advanced acquiring products that increased card sales volume in every market in which new products were installed, including Visa Cash, micro payments and the first national roll-out of chip cards and terminals at the Atlanta Olympics. Internationally, he led business development of for-profit entities in Japan, Brazil, Mexico, the U.K. and the U.S. for merchant point-of-sale business.
Birenbaum previously held executive posts at Bank of America, where he was vice president/department head; Equitable Trust Company, Baltimore, Maryland, as senior data processing officer; and Maryland National Bank, Baltimore, Maryland, senior design analyst. He was a faculty member of the American Institute of Banking.
About CEO America, Inc. (www.creditz.com)
CEO America, Inc., NV and Beverly Hills, CA, is the exclusive master licensee for the United States of the Creditz System. The Creditz System is a new and revolutionary business model that is partnering with the payment industry. Creditz' digitalized money is capable of transparently circulating throughout the world markets, in both developed and emerging economies, as part of the evolving global payment system. The Creditz system provides enhanced payment, business intelligence and marketing solutions to retailers, e-tailers, manufacturers, loyalty and gift card programs, and all the participants in the payment industry, including point-of-sale and payment terminal manufacturers, merchant services, independent sales organizations (ISOs), transaction processors, credit, debit and stored value card issuers.