ICVerify Inc. has hired F. Thomas Aden as president and chief operating officer.

Mr. Aden, 45, who represents an expansion of ICVerify's executive team, is charged with helping the company address new market opportunities in the transaction processing arena, specifically in the area of electronic commerce.

"Tom's vision is an affirmation of our belief in the transaction processing evolution from proprietary boxes to open systems" like the personal computer, said Steven M. Elefant, chairman and chief executive of ICVerify.

"With the enormous market opportunities which this evolution presents to ICVerify, Tom's seasoned professionalism will be a valuable asset in navigating the intricacies of a rapid and successful expansion."

Mr. Aden has played a key role in the global transformation of transaction processing. As vice president and general manager of Verifone Inc.'s international division, he expanded Verifone's business to more than 70 countries. In his six-year tenure at Verifone, the international division was the fastest-growing department within the company, expanding by more than 40% a year.

Mr. Aden participated in Verifone's successful initial public offering. Two years ago, he left Verifone to pursue private investment opportunities.

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