RIDGELAND, Miss., July 31, 2014 /PRNewswire/ -- Greg Wooten has stepped down from his role as CEO of global fraud prevention technology leader SecureBuy® and resigned his position on the SecureBuy Board of Directors. SecureBuy Chairman Ernie Coward will take on the role of CEO, while Founder and President Greg Stamatis will step in and resume the day-to-day management of the company.
The combination of Coward as CEO and Stamatis as President is a strategic move to ensure SecureBuy continues to move forward with its long-range objectives and that the transition for the company, its partners and its customers is seamless. It is not the pair's first time working together: Coward and Stamatis established SecureBuy parent company SignatureLink in 2003 and positioned it to effectively move forward under Wooten's leadership two and a half years ago.
The parting, said Wooten, is amicable, and he supports the new management structure. "As principal of Cypress Funding, Ernie Coward has the resources and experience to effectively guide the management and growth of industry-changing companies, while Greg Stamatis has the vision, the experience and the drive to keep SecureBuy at the leading edge of fraud prevention," Wooten stated. "My work here is done and I have positioned SecureBuy to meet all of its current and future business objectives. The company is now in good hands with Greg guiding its day-to-day activities." As an entrepreneur, Mr. Wooten is moving on to pursue new opportunities that are of special interest to him.
eCommerce pioneer Greg Wooten joined SignatureLink in January 2012 when the partnership between USDT Corporation, for which Wooten serves as CEO and Chairman, and SignatureLink was formalized as a strategic venture. Since then, he has overseen the company's growth into a fraud prevention technology powerhouse with the introduction of patented and patent-pending technology, including TransExam Chargeback Management System, SecureBuy 2.0 and, most recently, SecureBuy Powered with FICO®, the frictionless payment fraud solution for mobile and online card-not-present (CNP) payment processing, unveiled earlier this year.
For his part, Stamatis, a 36-year veteran of the high tech industry, has a wealth of experience in all aspects of the technology business. Stamatis has led SecureBuy's strategic initiatives, managed investor relations and overseen the company's intellectual property.
"I have enjoyed working shoulder-to-shoulder with Greg Wooten over these past few years, and we will greatly miss his presence at SecureBuy. With his guidance we have built a knowledgeable and motivated team that has established a tradition of innovation and we look forward to continuing that tradition," said Stamatis. "As we move ahead, our customers and partners will receive the responsiveness, forward thinking and game-changing solutions they have come to expect in this industry and from SecureBuy."
SecureBuy is a wholly owned subsidiary of SignatureLink, Inc. Founded in 2002; SecureBuy is an established eCommerce cybersecurity and technology company and a payment fraud prevention leader. SecureBuy's groundbreaking technology reduces or eliminates the risk of payment fraud for merchants, call centers, consumers and payment processors. The company provides next-generation automated technologies and solutions that reduce revenue erosion from payment fraud and stabilize eCommerce. Learn more at http://www.securebuycommerce.com.
James Packer, Chief Operating Officer