Digicash Inc., developer of the E-cash system for Internet payments, plans to announce today it has appointed Michael Nash president and chief executive officer.

The former Visa International and Amdahl Corp. executive will succeed David Chaum, the cryptology pioneer who founded Digicash in Amsterdam in April 1990. Mr. Chaum will continue as chief technological officer, and Digicash plans to relocate to Silicon Valley in California.

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