InnoVentry Corp., a company developing the next generation of fee-based financial services and information access machines for the mass market by leveraging Internet and biometric technologies, announced the appointment of Tom Bass to the position of president and chief operating officer.
In this position, Bass will oversee the day-to-day operations of the organization along with sales and marketing.
Bass brings more than 26 years of experience in the banking and financial services industry. Most recently, he served as senior vice president of Washington Mutual where he oversaw the implementation and operations of the Integrion Home Banking project as well as the bank’s Web site. Prior to his experience at Washington Mutual, Bass was president and CEO of The Exchange System, the first system to allow multiple banks with identical ATMs to support fully integrated ATM transaction sets running coast-to-coast and across international borders.
“InnoVentry is maturing as a company. We’ve recently narrowed our focus to the retail market, and now we are ready for someone with Tom’s breadth of experience to help take the company to the next level as its president and COO,” said Frank Petro, Jr., chairman and CEO, InnoVentry. “Tom’s considerable knowledge of advanced ATM technologies will greatly benefit InnoVentry.”
Backed by the wholesale bank of Wells Fargo & Co. (NYSE:WFC) and by Cash America International, Inc. (NYSE:PWN), InnoVentry combines Internet and face-recognition technologies to bring advanced cash-management and information-access machines to market. InnoVentry distributes these machines under the RPM(TM) brand to leading retail-store networks across the nation. Since its launch in 1998, InnoVentry has enrolled more than 760,000 customers, cashed over two million checks and established relationships with many of the nation’s leading retailers. The company is based in San Francisco.Details