PaymentNet Inc., a provider of Internet payment processing services, said it has hired Bob Murphy from Verifone Inc. as vice president of business development and marketing.
Mr. Murphy held international business management and marketing positions at the Hewlett-Packard Co. subsidiary and was general manager and director for integrated payment system and channel management. He has also worked at American Telephone and Electronics and GTE Systems.
PaymentNet said the concurrent appointments of Mr. Murphy and of Joseph Girata, formerly of Connect Inc. and several other technology start-ups, as chief financial officer did much to round out its senior management team.
"Their contributions will be crucial as PaymentNet extends its lead in the market for automated transaction processing services over the Internet," said Bruce Hendrix, chairman and chief executive officer.