WILMINGTON, Del. - May 18, 2007 MODASolutions, the leading provider of payment solutions that extend online banking to the checkout, today announced that the company’s President and CEO has been named one of the Ottawa Business Journal’s top 40 local business executives under 40 years of age.
MODASolutions was established by Forzley in 2004 to provide an alternative payment solution that connects online banking with eCommerce checkout. Today, MODASolutions serves the US$632 billion retail, eCommerce and call center industries with its flagship product, eBillme™, and specifically targets the growing US$5.5 billion online alternative payment market.
Forzley was recognized for his community involvement, business experience, and accomplishments in the scope of finance, strategic development, technology, and marketing—which have enabled him to successfully impact the eCommerce industry.
As founder of MODASolutions, Forzley has successfully raised two rounds of financing to expand company operations, and has launched the company’s flagship product, an online payment solution leveraging online banking for eCommerce purchases. As an active member in the Ottawa business and technology community, he has served as Founder and First Chair of OCRI’s eBusiness Cluster, a community for professionals, C-level executives, government officials, and investors to network and exchange ideas in eCommerce. He also served as Founder and First Chair of OCRI’s Ottawa Wireless Cluster which accelerates Ottawa’s wireless sector through leadership, technology, government relations, research, education, mentoring, investment, and recruitment.
“I am honored to be one of the 2007 recipients of the Ottawa Business Journal 40 Under 40,” says Marwan Forzley, President and CEO of MODASolutions. “It is exhilarating to be part of the Ottawa business community, where there is such growth for business development, entrepreneurship, and technology advancement. I look forward to my continued involvement within the community and expanding the MODASolutions operations to further place Ottawa on the pulse of the latest in eCommerce payment technology.
ABOUT MODASOLUTIONS
MODASolutions is the leading provider of payment solutions that extend online banking to the merchant’s checkout. The company is dedicated to increasing merchant sales by leveraging the power of online baking, while reducing the security risks of shopping online for both consumers and retailers. The company’s flagship product, eBillme™, does not require consumers to release any personal or financial information when placing orders. Consumers can shop online, by catalog, or through call centers, and pay for purchases at their bank, credit union, or bill pay portal, with the security and convenience of online banking. eBillme gives retailers access to over 84 million American users of online banking. More information on the company can be found at www.MODASolutions.com.
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