HACKENSACK, N.J. - Infinet Payment Services Inc., the company that runs the NYCE regional electronic banking network, has named Dori Shimoda as vice president of product development.

Mr. Shimoda, 46, is responsible for planning and developing products and services for the network and enhancing existing NYCE electronic payment services.

NYCE executives have expressed the desire to find ways to extend the use and profits of all electronic banking activities. Mr. Shimoda, who reports to chief operating officer Dennis Lynch, is specifically charged with creating new electronic banking products.

Mr. Shimoda previously was a consultant to NYCE, where he was involved in developing several key client services projects. He also provided support during NYCE's merger with the Yankee 24 network last October.

Mr. Shimoda spent 15 years at Citibank, where he oversaw business development opportunities for both retail and wholesale banking domestically and internationally.

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