Home Account Network, Inc., announced yesterday that Charles A. White has been named Chief Executive Officer. Mr. White comes to Home Account from First Data Corporation, where he was President of Electronic Commerce Payment Services.
Morse described the signing of the high-profile e-commerce executive as a milestone in the growth of Home Account, which is gearing up to follow the implementation of its Canopy product suite at First Tennessee Bank with installations at additional major institutions. Home Account provides Internet-based software solutions that enable banks and other financial institutions to provide online financial management, bill payment, and financial analysis and planning to consumers.
At First Data, White managed start-up ventures in electronic bill presentment and Internet home banking. He developed the company’s bill presentment concept and established the MSFDC joint venture with Microsoft. At launch, he assumed general management responsibilities within First Data for MSFDC and served on MSFDC’s board. White also was responsible for Direct Banking, First Data’s Internet home banking business.
“The appointment of Chuck White is a very significant event in the history of Home Account,” Tuck Morse declared. “His outstanding track record in the development of innovative solutions, building alliances with key partners around new technology, and establishing productive relationships with financial institutions speaks for itself. With Chuck White’s appointment, Home Account has the additional management talent needed to lead the company to its next exciting era of growth as we pursue increased market share and develop additional relationships with leading financial institutions. We plan to be a major player in online financial services, and Chuck White can lead us there.”
Chuck White replaces Andrew T. Barrett, a founding investor in Home Account, who had served Home Account as CEO since 1996. Mr. Barrett has been appointed Vice Chairman of the Board of Directors, where he will continue to serve actively. “Guiding Home Account through its development and growth phase has been one of the most rewarding experiences of my career,” Barrett commented. “Now we are poised to move the company to the next level. Chuck White has the skills and vision to lead the company into the next millennium. It’s a pleasure to have him aboard.”
Before joining First Data in 1994 (where he served as Senior Vice President of Merchant Products and Systems, then Senior Vice President of Electronic Commerce, before becoming President of Electronic Payment Services), Chuck White had been with Visa International, where he held positions in Architecture and Technology Planning.
White is a frequent speaker on electronic commerce and online financial services issues at industry conferences. He holds a BS in Computer Science from the University of Florida and an MBA from the University of California at Berkeley.
“I’m delighted to be able to bring my experience in transaction processing, electronic bill presentment and Internet home banking to the leadership of Home Account Network,” Chuck White commented. “Home Account’s Internet banking, payments and financial planning products offer an unparalleled opportunity for financial institutions to build and cement strong, profitable customer relationships as online financial services become a critical distribution channel. Home Account is uniquely positioned to lead the development of the online financial services market. I want to be there when it happens, and I relish the opportunity to take a leadership position in this burgeoning market.”
About Home Account Network
Home Account delivers home banking, financial management and electronic commerce solutions to banks, brokers and other financial institutions. Home Account’s products include: Canopy Server, an OFX (Open Financial Exchange) financial services platform that allows distribution of services through multiple channels; Internet application servers for banking, bill payment, brokerage and financial planning; Canopy Clients, a series of financial management applications available in Java and HTML; and the Canopy Advisor, a strategic financial management system for use by individuals and financial professionals. Although Home Account’s products are designed as components which can operate separately, the Home Account product suite, when combined, provides an integrated customer relationship management system that assists financial institutions in building profitable, long-term relationships with their customers.
Home Account is located in Charleston, SC. Home Account includes among its technology partners VeriFone, Sun Microsystems, Oracle Corporation, Hewlett-Packard and Forti Software.
Please see Home Account’s website at .Details