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November 24, 2015 / 12 Kislev, 5776
At a Glance

Posts Tagged ‘payment’

U.S. Electronics Payment Company Buys Israel’s Seergate

Monday, May 11th, 2015

The American electronic payments company MyECheck has bought Israeli company, Seergate Ltd, which concentrates on electronic payment solutions, for $3 million. The California-based company announced its acquisition of Seergate on Thursday, May 7.

The U.S. company, a leader in electronic check solutions for online and mobile payments, bought 100% of Seergate stock, in exchange of 150,000,000 shares of MyECheck common stock or approximately $3 million Globes reported yesterday, Sunday, May 10.

Seergate was founded by Eldad Aharoni and Alicia Roisman Ismach in 2007 to make payments simple, secure and convenient for financial institution customers. The Israeli company’s specialization in electronic payment services for banks will be integrated into MyECheck’s electronic payment systems, adding global electronic banking and payment capabilities.

The Israeli corporation, whose headquarters are based in Ra’anana, also has offices in Roswell, Georgia and has provided its services to four USA banks.

According to a company press release from MyECheck, the acquisition of the Seergate platform enables MyECheck to operate a closed loop payment system independent of third party software platforms. Seergate also has assets including software, patents, intellectual property, and an established sales channel. The Israeli company has also developed a new omni-channel payment platform that targets electronic commerce, personal money movement and small business.

Eldad Aharoni and two software developers will continue on as MyECheck Inc. employees.
“We are thrilled to join the MyECheck team,” said Aharoni, the co-founder and Chief Executive Officer of Seergate Ltd. “The strength of the combined companies and unique business model enable MyECheck to offer revolutionary services to customers as we leverage our joint industry expertise and vision.”

“As a result of this acquisition MyECheck will be able to bring additional value and innovation to all merchants, enabling them to transact anywhere in the cloud and/or in person with a one stop shop,” pointed out Aharoni.

Ex-Argentina Central Bank Head Tapped for Israel Bank

Sunday, August 11th, 2013

Mario Blejer, a former head of Argentina’s central bank, is the leading candidate to the post of Bank of Israel Governor, after two consecutive nominees have dropped out.

Prime Minister Benjamin Netanyahu is hoping that Blejer, 65, who worked in senior positions at the International Monetary Fund and World Bank and served for a short term as president of Argentina’s central bank—during the economic crisis of 2002 (Blejer was asked to step down by the economy minister.)

Blejer is Netanyahu’s top candidate, but a finance ministry spokeswoman said on Sunday that former Bank of Israel deputy governor Zvi Eckstein, Accountant-General Michal Abadi-Boiangiu and ex-Finance Ministry director-general Victor Medina are also in the running.

The candidates are undergoing a vetting process from a panel that oversees senior civil appointments.

Duty free shops around the globe are being called as you’re reading this report, with inquiries about the shopping (and payment) habits of all the candidates.

Blejer enrolled at the Hebrew University of Jerusalem, and graduated cum laude with degrees in Economics and Jewish History in 1970, as well as with a Master’s Degree in Economics from the same institution, in 1972. He then earned a Ph.D. in Economics at the University of Chicago in 1975, and joined the Boston University Department of Economics as an Assistant Professor.

Blejer advocates the need for further regulation of the world’s financial markets. After his 2002 appointment as president of the Central Bank of Argentina, he supported lifting the withdrawal limits (corralito) on accounts, and prepared a plan to achieve this though treasury bills, whereby depositors would be allowed to withdraw larger amounts only by accepting these as payment, in lieu of cash. He also advocated for a plan to dollarize the Argentine economy. These policies met with the opposition of the Economy Minister, Roberto Lavagna, and Blejer resigned after serving a scant three months (he began as VP, and was promoted after his boss had resigned).

Printed from: http://www.jewishpress.com/news/breaking-news/ex-argentina-central-bank-head-tapped-for-israel-bank/2013/08/11/

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