Cyota, an international online payment security company, announced that James L. Bailey has joined the company as Chairman of its board of directors.
In this position, Mr. Bailey will work with Cyota’s executive team to provide overall guidance and direction in meeting the company’s strategic goals. Mr. Bailey is the former Executive Vice President of the Card Products Group at Citigroup, which includes all of the bank’s U.S. card businesses and international Diners Club businesses.
“With his business experience and industry expertise, Jim will provide Cyota with significant insights, guidance and direction,” said Gary Heatherington, CEO. “His counsel will be invaluable as we continue to make Cyota the leader in online payment security.”
“I look forward to working with the team at Cyota,” commented Mr. Bailey. “What drew me to Cyota was the quality of the management team and the competitive edge that they have over others in this space.”
Mr. Bailey brings more than 28 years of experience in banking and payment systems to Cyota’s board of directors, which includes Ira Rimerman, Kelly Doherty and Gary Heatherington. Before retiring in August, Mr. Bailey served as Citibank Executive Vice President and Corporate Quality Director. In this position, he created and launched a worldwide Six Sigma customer satisfaction and loyalty program. Prior to that, Mr. Bailey served as Executive VP in charge of Global Transaction Services. Mr. Bailey also served as Executive VP, US Consumer Banking Group where he managed all of Citigroup’s consumer business in the U.S. Additionally, Mr. Bailey has served on both the U.S. and International Board of Directors of Visa.
Cyota recently introduced its groundbreaking advance in online payment security, SecureClick(TM), a software solution that allows consumers to shop online without revealing their real credit card number.
Cyota is an online payment security company founded in 1999 by four veterans of elite intelligence units in the Israeli Defense Force. SecureClick(TM), developed under the supervision of a world leading security expert, Prof. Adi Shamir, is Cyota’s flagship product that provides credit card issuers and their customers complete online fraud protection. The company is headquartered in New York City, with an R&D subsidiary in Israel. Cyota is a privately held company, backed by a global venture capital corporation. For more information, please contact Cyota or visit our web site at [www.cyota.com].