IdentityMind Global Names William S. McKiernan to its Advisory Board
May 10, 2016
McKiernan, a pioneer in online payments and ecommerce, to contribute to IdentityMind’s strategy in becoming the source of Trusted Digital Identities for protecting online transactions.
Palo Alto, Calif. May 10, 2016—IdentityMind Global, the pioneer in trusted digital identities for digital commerce today announced the appointment of William S. McKiernan to the company’s Board of Advisors. Mr. McKiernan joins a team of experienced business and technology leaders who will work with IdentityMind Global president and CEO, Garrett Gafke to guide the company’s business strategy.
IdentityMind’s president and CEO, Garrett Gafke said, “We are thrilled to welcome Bill to the IdentityMind team. Bill is one of the key pioneers of transaction-based risk assessment with roots in the earliest days of online commerce. As the founder of CyberSource, Bill changed the game in fraud detection and payments. The technology he created has since powered billions of trusted transactions. Bill’s expertise will be invaluable as we build the next generation technology platform for trusted digital identities.”
Bill was the founder, CEO and Chairman of CyberSource Corporation leading the company through its IPO and sale to Visa. In July 2010, Visa, Inc. acquired CyberSource in a transaction valued at $2 billion, which was the largest in Visa’s history. Prior to CyberSource Mr. McKiernan was the COO of McAfee also leading it through its Initial Public Offerings (IPO). Mr. McKiernan holds an MBA from the Harvard Business School and a Bachelor of Science from Boston College. Bill McKiernan is CEO of WSM Capital, LLC a private equity firm he founded to invest in payment and other technology companies.
McKiernan added, “As so many more types of financial transactions are now online, IdentityMind’s focus on trusted digital identities is the critical link to building integrity in global commerce, lending and the expanding payment ecosystems. I look forward to working with the team at IdentityMind as they continue to expand their platform that ensures trust, compliance and reduces risk.”
About IdentityMind Global
IdentityMind Global™ pioneered trusted digital identities for digital commerce. The company’s on-demand platform provides identity-based, risk management, fraud prevention, payments and anti-money laundering services to Acquiring Banks, Payment Processors, Gateways, Payment Service Providers (PSP/ISO/MSP), Digital Currency Exchanges, Financial Institutions (Banks, Money Service Businesses (MSBs), Money Transmitters, Online Lenders) and e-Commerce Merchants.
The IdentityMind™ platform provides real-time risk management using Electronic DNA (eDNA™) technology to track the different entities (consumers, merchants, cardholders, payment wallets, alternative payment methods, etc.) involved in every transaction. These entities are tracked over time to build payment reputations, which are used to evaluate fraud, merchant account applications, consumer account origination, identity verification services, and potential money laundering. For more information, visit https://staging.identitymindglobal.com.