Viewpointe names Lou Buglioli CEO and board member

Source: Viewpointe

Viewpointe today announced Lou Buglioli has joined the company as chief executive officer and board member.

The thirty-five year veteran of payments, banking operations, and financial services consulting will provide leadership in continuing the company's role as an industry innovator in check electronification and work with the Nation's leading banks on developing new payments capabilities.

"Lou's deep experience in the payments landscape will add considerable value to our strategy and vision for Viewpointe," stated, Barbara Desoer, Bank of America Global Technology Service and Fulfillment Executive and Viewpointe Chair. "Viewpointe is a vital strategic partner of Bank of America and many other financial institutions. We anticipate that with Lou's leadership the company can continue to fully execute our aggressive plans for ImageShare and image exchange and prepare the organization for a broader role in providing innovative payment services to the industry."

Buglioli's career includes extensive executive experience in leading successful organizations and advising payment and financial service companies on payments strategy, operations, and technology. During his twenty-year career as President and General Partner at Benton International (sold to Perot) and Perot Systems, he led the Global Financial Services Industry Group for commercial and investment banks, insurance companies, and payment services organizations. Buglioli also served as President and Director of Telecredit, Inc. and managed bank operations at Citibank and Crocker Bank (now Wells Fargo).

"Viewpointe, through the strong support of its bank owners, customers, and employees, has created a successful business model of check archive services, image sharing, and image exchange and has been an incredible force in moving the financial services industry towards check electronification. It's a tremendous opportunity to lead the team and work directly with customers to execute their strategies and create new ways to provide more innovative payment services," commented Buglioli.

Buglioli continued, "Customers are relying on us to assist them in swiftly implementing their check electronification plans. Specifically, the Viewpointe bank owners, which include Bank of America, JP Morgan Chase, SunTrust, US Bank and Wells Fargo, have pledged support of industry check electronification by implementing resources towards the agreed upon goal of electronically sharing 100% of their check images within Viewpointe over the next eighteen months. Coupled with current production from several banks and volume forecasts from other customers, we anticipate 2006 will be a year of significant growth of image exchange volume."

"The next eighteen months will be critical for the industry. The Board of Managers selected Lou for his specific abilities and experience that will build upon Viewpointe's success and usher in new payment services opportunities that benefit our industry," stated Austin Adams, JP Morgan Chase & Co. CIO and Viewpointe Board Manager.

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