Ethoca Names Former LexisNexis CEO Andrew Prozes to its Board of Directors

Ethoca Names Former LexisNexis CEO Andrew Prozes to its Board of Directors

Innovative, Collaboration-Based Platform Experiencing Accelerated Market
Acceptance

TORONTO, Ontario, June 25, 2013 (GLOBE NEWSWIRE) -- via PRWEB - Ethoca, the
leading technology company that helps card issuers and online merchants
collaborate to stop fraud and accept more transactions, has named Andrew
Prozes to its Board of Directors.

Mr. Prozes was formerly Chief Executive Officer of LexisNexis Group, and
served on the board of Reed Elsevier for 11 years. He currently serves on the
board of directors of Cott Corporation, Interactive Data Corporation, ACAMS
and Scribestar. Most recently, he served as a senior adviser to Warburg
Pincus. During Andrew's tenure at LexisNexis, a provider of legal information
and risk management solutions, including predictive analytics tools for
card-not-present fraud detection, revenues grew from USD $1.7B to more than
$4B.

"As a director, Andy will be integral to furthering Ethoca's development and
growth strategy," said Andre Edelbrock, Ethoca's Chief Executive Officer. "His
expertise in growing global information and technology businesses serving the
risk solutions industry fits perfectly with Ethoca's services and markets.
Andy's decision to join our board is testament to Ethoca's significant
opportunity to accelerate growth and market acceptance."

Over the past two years, Ethoca has become widely recognized as a provider of
proven technology that enables card issuers and e-commerce merchants to
collaborate to stop fraud losses and recapture lost revenue. During this time,
Ethoca has signed leading card issuers representing more than 50 percent of
online transaction volume in the U.S., Canada and the UK, and signed
agreements with major card companies. In addition, Ethoca's customers include
more than half of the top 100 e-commerce merchants. The company's next phase
will focus on accelerating card issuer and online merchant customer
acquisition, with the goal of capturing the majority of small- and
medium-sized online merchants.

Over the next five years, Ethoca plans to grow its share of the
card-not-present revenue protection and fraud prevention market. The company
will increase the adoption of its flagship Alerts service, and launch several
innovative services already proven to further help online merchants and card
issuers reduce card-not-present fraud losses and increase customer revenue.
The appointment of Andrew Prozes to its Board of Directors is just one example
of Ethoca's continued commitment to the investment in leadership and
technology innovation needed to support its aggressive growth.

Mr. Prozes earned an MBA from York University and his Bachelor of Mathematics
from the University of Waterloo in Canada. Andy is a past Chairman of The U.S.
Information Industry Association, and previously served on the boards of the
Information Technology Association of Canada and the Canadian Newspaper
Association. Andy is a Board Member of the National Executive Services
Corporation, and a Board and Executive Committee Member of The Atlantic
Council of the United States.

He is married to Laura, a practicing architect. He has Canadian, U.S. and
European Union (Estonian) citizenships and passports.

"Andy's achievement-filled career has spanned industries and continents, and
is marked by his determination to identify and capitalize on opportunities in
an ever-changing landscape," said John Fielding, Ethoca Chairman. "These
qualities will be especially important as Ethoca furthers its business in
markets in the United States, Canada, UK and Europe, as well as establishing
business in the Americas and Asia Pacific."

About Ethoca – Ethoca is the leading, global provider of collaboration-based
technology that enables online merchants and card issuers to work together to
stop fraud, accept more transactions and protect revenue. Ethoca closes the
information gap between card issuers and merchants, making valuable
information securely available and actionable in real-time. This unique
capability delivers significant cost savings and efficiencies to the company's
unique card issuer and merchant customers. To find out more, please visit
http://www.ethoca.com.

Contact:

Keith Briscoe
Chief Marketing Officer, Ethoca
Direct: 416-628-5052
Mobile: 416-312-8105

This article was originally distributed on PRWeb. For the original version
including any supplementary images or video, visit
http://www.prweb.com/releases/2013/6/prweb10864949.htm

CONTACT: Ethoca
         Keith Briscoe
         keith.briscoe@ethoca.com
         +1 (416) 312-8105
 
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