CRE Secure Hires Two Payment Executives to Drive Explosive Demand for Outsourced Payment Security

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The cloud-based payment security provider projects a 250% sales increase globally for 2011.

Secure hosted payment solutions with CRE Secure

CRE Secure Payments is the first cloud-based Internet payment security company with end-to-end PCI compliance for card-not-present merchants.

Online retail sales are expected to reach nearly $250 billion by 2014, with annual growth rates of 10 percent and e-commerce sales are expected to account for 8 percent of total U.S. retail sales by 2014.

CRE Secure, the industry’s first cloud-based, outsourced, secure payment solution for online merchants with HTML-Clone® technology, has added two industry veterans to its leadership team in support of the company’s global growth. CRE Secure named Katherine Hudson as vice president of global sales and Randall Siebold as vice president of business development.

The company hired the payment execs to increase sales in direct and channel partner markets. CRE Secure sells outsourced payment security services that deliver 100% PCI compliance to e-commerce merchants while preserving the merchant’s control over their online store, their brand and most importantly, the end-user’s experience.

“I wanted to find executives with proven track records, who had guided successful payments brands into their next evolutionary phase,” says Greg McGraw, CEO and president of CRE Secure. “Kathy and Randy bring the payments industry sales and professional leadership that CRE Secure needs, and we are very excited to have them join our team.”

Katherine Hudson most recently worked at Chase Paymentech, a division of JPMorgan Chase & Co. (NYSE: JPM) where she was vice president of national accounts sales, working with many of the bank’s largest enterprise clients. With assets of $2.1 trillion, JPMorgan Chase is a leading global financial services firm and the world’s largest merchant acquirer. Earlier in her career, Hudson worked in executive leadership roles within the sales organizations of Global Payments (NYSE: GPN), Ruesch International (now Travelex Global Business Payments), Elavon (a subsidiary of U.S. Bancorp, NYSE: USB), and First USA.

Randall Siebold also has a history in financial transaction sales, most recently with Transaction Network Services (NYSE: TNS) where he was director of north american sales. Prior to TNS, Siebold held executive sales and business development positions at Smart Business Technology, Ruesch International and Point Pay USA.

E-commerce has continued to grow as a major force in global retail. According to the March 2010 Forrester Research Report, "The U.S. Online Retail Forecast," online retail sales are expected to reach nearly $250 billion by 2014, with annual growth rates of 10 percent and e-commerce sales are expected to account for 8 percent of total U.S. retail sales by 2014. As a result, CRE Secure has experienced rapid growth and acceptance of its cloud-based payment security solutions. The company is forecasting a 250% growth in sales during 2011. CRE Secure does not report its revenue.    

About CRE Secure
CRE Secure Payments is the first cloud-based Internet payment security company with end-to-end encryption for card-not-present merchants. CRE Secure enables leading ecommerce software solutions and payment software systems distributed worldwide with secure PCI-compliant hosted, payment processing solutions using patent-pending technology and through its partnerships with top global payment gateways. CRE Secure is a level one PCI DSS-certified service provider and a contributing member of the PCI Security Standards Council. For more info, visit http://www.cresecure.com or call (888) 453-4885.

For more information, contact:
Heather Roberts
404-961-9844

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