A former U.S. Treasury official has joined digital certificate provider Diversinet Corp. as director of business development for banking and government.
Janelle W. Edgar, 42, was most recently senior financial program analyst at the Treasury. She has worked more than 20 years in banking management and policy, with a focus on emerging payment technologies.
Toronto-based Diversinet officially entered the electronic commerce security business with the May release of its Passport Certificate Server. Ms. Edgar said she plans to show banks how they can use such capabilities to promote electronic commerce to business customers.
"I will help give banks real business cases to incorporate Diversinet's digital certificate products profitably," she said.
At the Treasury, Ms. Edgar led initiatives aimed at improving payment and collection processes. She represented the department to the Banking Industry Technology Secretariat, National Automated Clearing House Association, and Financial Services Technology Consortium.
Earlier in her career she was vice president of MNC Financial Inc. and vice president of operations at Continental Federal Savings Bank.
Ms. Edgar will open a Diversinet office in Tysons Corner, Va. This will give the company, which also has an office in San Jose, Calif., closer proximity both to government and major financial institutions, she said.
"Janelle has a tremendous amount of experience and contacts that will be of great benefit to the company," said Nagy Moustafa, Diversinet president and chief executive officer. "Her understanding of government and banking issues and policies will assist Diversinet in the shaping of its market strategy for these sectors."