Raymond Chan, a 17-year executive at Visa International, has been named director of bank processing systems at First Ecom.com Inc. of Hong Kong.
Mr. Chan, former executive vice president and general manager of Visa's Greater China region, will be responsible for building the outsourcing business of First Ecom.com, which serves merchants outside North America.
The appointment is "very strategic," said First Ecom.com president and chief executive officer Gregory Pek. Because of his Visa experience, "Raymond is ideally suited to presenting our message to the major banks throughout the region."
Mr. Pek added: "We know that strategic relationships with banks, especially internationally, are important to our future growth. We can enable banks to process electronic transactions with little or no capital investment, and normally within 30 days."