Carmody & Bloom, an influential consulting firm in the electronic payments industry, announced an affiliation agreement with Japan Market Resource Network.

The Tokyo-based firm will provide local staff and other resources for Carmody & Bloom client projects in the Asia-Pacific region.

This formal arrangement follows a series of ad hoc projects that the two organizations undertook cooperatively.

"Our company will provide the focus and understanding of payment industry business issues," said Stuart R. Bloom, executive vice president at Carmody & Bloom. "JMRN will supply local, intimate market knowledge and research in Asia."

"They know the business, we know the market," said JMRN president Deborah Howard.

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