For Immediate Release:
February 27, 2006
Contact: George Shipley / Eric Wetzel
Banking-Industry Veteran William M. Randle Joins
Board of DataTreasury Corporation
Founding member of BITS consortium feels DataTreasury will become a leader in its industry Plano, TX - DataTreasury Corporation, a small check-processing company, announced today that William M. Randle, a veteran of the banking industry and a widely acknowledged expert in the field of payments technology, has joined the company's Board of Directors.
A highly experienced manager, Mr. Randle is a former executive vice president of Ohio-based Huntington Bancshares and the current chief executive officer of technology provider Synoran LLC. He also served as one of the original members of the advisory board of BITS (formerly known as the Banking Industry Technology Secretariat), a nonprofit consortium that advises the financial services industry on matters of e-commerce, risk management, payments, and technology. Additionally, Mr. Randle is the holder of numerous patents related to the electronic processing of financial transactions. "I am very pleased to have joined the DataTreasury team," said Mr. Randle. "This is one of the most innovative technology companies in the financial services arena, and I believe it will become a leader in its industry."
"Bill's banking experience, industry knowledge, and undisputed technological expertise will strongly reinforce our existing business and licensing objectives," said DataTreasury CEO Keith DeLucia. "We believe that Bill's banking background and his understanding of the technologies integral to payment-transaction processes will be particularly invaluable,” said Dr. Gary Knutsen, vice chairman of DataTreasury. "He is an excellent addition to our group."
A former officer in the U.S. Navy, Mr. Randle lives in Bexley, Ohio, with his wife, Betsy.
About DataTreasury Corporation
A privately owned company, DataTreasury was formed in 1998 and is built around the patents covering its "Global Repository Platform," which is the world's most functional and secure informational management system. DataTreasury was issued the patents in 1999 and 2000 for image capture, centralized processing and electronic storage of document and check information. Several countries have recognized the patentability of this technology, and DataTreasury has many other pending patent applications surrounding this system. See www.datatreasury.com for further information.
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