Cyphermint, a leading provider of secure electronic payment solutions, announced today that Cyphermint's Chairman of the Board, Dr. Ivan Kuznetsov, has been named as Project Leader for Mobile Payments of the Information Communication Union (ICU) of Russia.
Dr. Kuznetsov, who is currently Chairman at Bank Tavrichesky in Russia, was also appointed Project Leader for the Mobile Payments Project (NFC and M-payments) at the GSM Association meeting in London on November 23, 2007, where he also made a PayCash Mobile presentation.
The GSM Association (GSMA) is the global trade association for mobile operators, representing 700 GSM mobile phone operators across 215 countries of the world. The meeting on November 23rd focused on two major areas: mCommerce and the implementation of NFC technology and the Mobile Money Transfer Program and how it relates to global remittances.
Cyphermint's President Joe Barboza said, "This appointment for Dr. Kuznetsov is a great opportunity and brings more recognition for Cyphermint and PayCash Mobile; it reinforces the global scope for our technology. PayCash technology possesses such high security standards, is multi-lingual, multi-currency, and is positioned to be a worldwide leader in mobile commerce for the unbanked consumer."