[December 03, 2004] Peppercoin Appoints Mark Friedman President Tweet WALTHAM, Mass. --(Business Wire)-- Dec. 3, 2004 -- Robert Kiburz to Serve as Chairman of the Board; Robert Nix Promoted to CTO Peppercoin, a payments company that enables profitable, new business models for low-priced digital content and physical goods, today announced the promotion of Mark Friedman to president, reflecting the company's continued development. He will assume the role from Robert Kiburz, who will remain with the company as Chairman of the Board and will continue to work on strategic initiatives. Friedman previously served as Peppercoin's Vice President of Sales and Market Development. Additionally, Robert Nix was promoted to serve as Chief Technology Officer and Vice President of Engineering. Nix joined Peppercoin in 2003 as Vice President of Engineering. He will report to Mark Friedman and will continue to oversee Peppercoin's product development. "The $1.3 trillion U.S. small payments market represents an enormous opportunity for financial service companies and merchants. By driving down the costs associated with credit and debit card payments, Peppercoin has opened up new markets for companies that can now dramatically increase revenues from small dollar-value transactions," said Friedman. "The company's founders created award-winning technology that seamlessly integrates into the existing payments infrastructure. I look forward to bringing Peppercoin to the next level by driving broader market adoption." Prior to joining Peppercoin, Friedman was Vice President of Global Marketing at Lucent's Software Products Group. In 1996 he joined Kenan Systems, a billing and customer care company that Lucent acquired for $1.5B in 1999. During his six-year tenure at Kenan/Lucent, he helped grow revenues from $25M to $1.1B. Friedman also served for a year as Lucent's General Manager for Internet software, during which revenues grew from $20M to $60M. Prior to Kenan Systems, Friedman held a variety of executive sales and marketing positions at Dragon Systems, Epoch Systems/EMC, Lotus Development and IBM. Friedman earned a BS in Systems Science Engineering from the University of Pennsylvania, a BS in Finance from the Wharton School, and a Masters degree from the M.I.T. Sloan School of Management. Driving the Small Payments Market In 2003, for the first time, U.S. consumers spent more at retail establishments with their credit and debit cards than with cash. Over the past year, Peppercoin has taken a leadership role in the small payments market, and has expanded micropayments beyond the realm of online digital content into physical goods. In the past few months, the company has signed leading merchants such as Reino Parking, a global leader in on-street parking solutions, as well as key payment processors such as Moneris to meet the small payments processing needs of merchants. Two of Peppercoin's founders, Rob Carney and Perry Solomon, have left the company to pursue other interests. The other founders, Professors Ron Rivest and Silvio Micali, remain on Peppercoin's Board of Directors. About Peppercoin, Inc. Peppercoin enables profitable new business models for low-priced digital content and physical goods. Peppercoin's small payment products help merchants, banks, and other payments companies build market adoption quickly through a flexible, consumer-friendly approach. Peppercoin integrates easily with existing business models and systems to accelerate revenues and increase profits while dramatically lowering transaction and customer service costs. For more information visit www.peppercoin.com. All trademarks are the property of their respective owners. [ Back To TMCnet.com's Homepage ]