Former eFunds, Inc. Executive and Advisor to the World Bank and the Governments of India, Mexico, Chile and South Africa to Help Direct Austin Company's Expansion
AUSTIN, Texas, September 25, 2002 -- Works, Inc., today announced that technology and Electronic Funds Transfer (EFT) industry veteran, Nikhil Sinha, has joined the company's board of directors. Works will tap Sinha's extensive expertise in the EFT industry and his experience managing rapidly growing technology companies to propel Works to success as it continues to change the electronic payment industry.
AUSTIN, Texas, September 25, 2002 -- Works, Inc., today announced that technology and Electronic Funds Transfer (EFT) industry veteran, Nikhil Sinha, has joined the company's board of directors. Works will tap Sinha's extensive expertise in the EFT industry and his experience managing rapidly growing technology companies to propel Works to success as it continues to change the electronic payment industry.
Sinha has over 10 years senior management experience in international
information technology, transaction processing and telecommunications. He most
recently served as the executive vice president of eFunds, Inc., where he
oversaw corporate P&L and global product management sales and marketing for
the publicly traded provider of electronic payment solutions, decision support,
risk management and IT consulting services. Before joining eFunds, Sinha was the
president and CEO of iDLX Technology Partners, a provider of IT consulting
services to financial institutions, which he helped merge with eFunds in March
2000.
Before joining iDLX, Sinha was a managing partner at Sinha & Lariviere, Ltd.,
an international high technology consulting firm specializing in helping U.S. IT
and telecommunications companies make strategic international investments. He
also served as an advisor to the World Bank and the governments of India, Mexico,
Chile and South Africa. In addition, Sinha recently returned to the University
of Texas as a professor of International Business and International
Communication where he held the same position from 1991 through 1999. Sinha
holds a Ph.D. and M.A. in Communication from the University of Pennsylvania and
a B.A. in Economics from St. Stephen's College, Delhi University.
"Nikhil has extensive experience on both a national and international scale
in helping to build large and successful financial services technology companies,"
said Martin Neath, chairman of the Works board of directors. "The board is
extremely pleased to add his expertise to our team and looks forward to his
guidance in the coming years as we continue to expand on the successful adoption
of the Works electronic payment management solution."
"Works is changing the electronic payment industry with a powerful and
profitable solution that simplifies and streamlines costly and complex payment
processes," said Sinha. "The company has achieved significant customer
and industry traction in a very short period of time. I look forward to working
with the team to cement the company's position as an industry leader."
About Works (www.works.com)
Headquartered in Austin, Texas, Works provides software solutions that help
large companies minimize the number of checks they issue, reduce the expense of
costly manual back-office reconciliation processes and settle payment
transactions electronically through the use of commercial credit cards. The
Works Procisa electronic payment management solution is built on the global VISA
payment system and is delivered to customers through an exclusive partnership
with Visa U.S.A. and its member financial institutions.









