Richard Braddock, Former President of CITICORP, Joins Mozido as Chairman of the Board

DALLAS, Dec. 15, 2011 /PRNewswire/ -- Mozido, (www.mozido.com), the global cloud payment network that provides access for every mobile phone to the financial ecosystem, today announced that Richard (Rick) Braddock has joined the Company as Chairman of the Board.

"We are thrilled to have Rick join our Board of Directors as Chairman.  His deep experience in both the financial services and e-commerce sectors, along with his valuable connections and respect in the investment community, helps validate our vision that Mozido will become the leading global provider of cloud financial services," says Michael Liberty, Mozido's Founder and Chairman of Global Strategic Initiatives.

During his distinguished career, Mr. Braddock has served as President and COO of CITICORP as well as Chairman and CEO of priceline.com, overseeing the company's public offering.  Most recently he served as Chairman and CEO of FreshDirect.  "Since I left Citibank in the early 90s, I spent the rest of my business career to date working in and around fast-growth businesses.  As I pursued this direction, I found my way to the internet about ten years ago because of its power as a transformative medium, a spawning ground for fast-growth.  Both priceline and FreshDirect, each in their own way, dramatically transformed the industry they were serving using tools uniquely available on the internet.  I see Mozido as having the same opportunity in the financial sector, although larger, especially since it is involved in the promising mobile space.

"What drew me to Mozido was the company's innovative technology platform that provides endless business opportunities we offer companies serving both banked and unbanked customers on a global basis," Mr. Braddock said.  "Mozido's business model can deliver unique financial services applications to these audiences and extend into e-commerce.  Additionally, the company's technology can provide unique solutions to large companies virtually everywhere in the world, making the opportunity even bigger.  We are ready to accelerate our expansion and you will hear of several deals in the near-term future as we chart our course to serve the financial ecosystem worldwide."

Through its robust and scalable platform, Mozido provides multi-channel financial services to retailers, mobile network operators, and financial institutions.  Its proprietary platform supports all mobile operator technologies and its cloud payment network is aimed to bring every mobile phone user in the world into the financial ecosystem.  The company's technology provides the capacity for Mozido's customers to provide banked and unbanked consumers a one-stop mobile wallet solution to pay bills, transfer money, buy and transfer airtime, receive multiple sources of funds and make retail purchases all from their mobile device, saving both time and money.   Mozido's comprehensive financial service solutions are designed to provide this across multiple channels via mobile and electronic devices. 

"Having Rick join Mozido underlines our opportunity in this compelling mobile financial services space," said Gregory J. Corona, Mozido's CEO.  "We are excited to utilize his strategic guidance and valued industry connections to help propel Mozido to the next level."

About Mozido
Founded in 2007, Mozido provides multi-channel transaction services to retailers, mobile network operators and financial institutions. Mozido offers solutions that enable easy and secure transactions all from the convenience of a mobile phone, for businesses serving banked and unbanked customers alike.

Mozido has been architected for success.  At its center is the Genius Wallet™, a white-labeled offering featuring a plug and play platform which allows services individually targeted by customers, be they individuals or businesses.  The cloud network facilitates enhanced, efficient global reach, and the business plan aims at serving all elements of the financial ecosystem, from financial services to e-commerce.  Mozido's proprietary operating platform is aimed to work on any POS system in the world, giving us immediate global scale.  The platform will be adjusted to allow implementation consistent with local regulations everywhere as appropriate.

For more information, visit www.mozido.com

Contact:
Billy Kenny
The Dilenschneider Group
212-922-0900
[email protected]

SOURCE Mozido

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