Emida Welcomes David Kirtman as CEO

FOOTHILL RANCH, California, December 9, 2013 (Business Wire) – Emida, a leader in the global prepayment and value transfer market, is pleased to announce that David Kirtman has joined the Emida team as Chief Executive Officer. Interim CEO Shane Belovsky will continue with the company as Emida’s Chief Operating Officer.

David brings over a decade of stored value and payments experience to Emida. Prior to joining Emida, David served as Vice-President of Business Development for the US and Latin American regions at iSend, where he was instrumental in building the company’s in-kind international payments business. Before iSend, David was a Vice-President at IDT, contributing significantly to the development and operation of IDT’s stored value and prepaid business. David has also worked at Unilever Mexico and Salomon Brothers, and was a principal in several start-ups. He holds an MBA from Stanford University’s Graduate School of Business.

“The Emida team is excited to have David at the helm,” said Shane Belovsky, COO. “From the outset of the selection process, it was clear that he possessed tremendous business acumen, intelligence, and knowledge of our industry. He joins the company with a great understanding of our strengths, challenges and opportunities; we look forward to this new chapter at Emida.”

“I’m delighted to lead the Emida team,” said David Kirtman, CEO. “Emida has developed a valuable set of assets and resources which we will leverage to further establish the company as a leader in the prepaid/payments space. A focus on innovation and strategic partnerships will drive the company forward.”

About Emida

Emida is a leader in the global prepayment and value transfer market, operating in 37 countries throughout North, Central and South America, the extended Caribbean, Africa, Oceania, the Middle East and Europe. Emida supports a network of more than 54,000 retail points of sale with an annual dollar payment volume in excess of $1.5B, processing more than 240 million annual payment transactions.

Emida’s network technology enables the domestic and international distribution and value transfer of many types of prepaid products and payment services. The company’s strategy is to build profitable, robust distribution networks for many prepaid products in targeted operating geographies, and to introduce unique cross border value products between regions. Emida’s payment processing platform provides robust revenue solutions for distributors, ISOs, retailers, carriers and service providers alike.

Media contact:

Lisbeth Cabrera Spencer

+1 949-860-3559

lcabrera@emida.net.