In this newly-created role, Mr. Knight will be reporting into Thomas P. Staudt, CEO of GlobalCollect, while also working closely with the Executive Council to develop GobalCollect's single-interface payment platform WebCollect and related technology solutions further.

Mr. Knight will be joining GlobalCollect from his previous role as Chief Information Officer of ING Direct UK. As an accomplished technology executive with a strong focus on how IT impacts overall business performance, he held senior management positions at Capital One, Goldman Sachs, and the Financial Services Authority in the UK prior to the above. He has extensive experience in leading large technology teams and a strong international business background having previously worked in the US, Asia, and Europe.

Thomas P. Staudt, CEO of GlobalCollect, commented: "I am delighted to welcome Peter to GlobalCollect. We all look forward to the opportunity of working with such an exceptional business leader as Peter who has a proven track record in guiding companies to implement best of breed technology strategies. As a member of the Executive Council, I'm certain that he will contribute greatly to enhancing our capabilities as a leading Payment Service Provider and growing our global market presence."