Since 2004, Clear Payments, Incorporated (CPI) has introduced many industry firsts and executed varying degrees of Check 21 solutions for many of the country’s leading corporations. In it’s simplest form, RDC is the electronic capture of the image of a check and the delivery of that image to a bank to complete the deposit process. These early systems satisfy most small businesses seek only the deposit benefits of RDC and your bank is often the best option for providing that service. However, a second generation of RDC has evolved for the large or more sophisticated users with multiple locations requiring more sophisticated reconciliation, cash concentration, reporting and access to data. These systems are designed to increase efficiency and productivity benefits to multiple departments within your company. That is why we are the choice of the nations leading system integrators, payment gateways, large corporate clients or broad line field based distribution companies.

Financial institutions have played a dominant role in making Check 21 the preferred method of check deposit management for their commercial deposit accounts. These early systems never anticipated the complex capture applications and the sophisticated features and functions required of our national clients. As a core Check 21 technology and processing company, CPI has interfaced numerous application platform providers and payment gateways through our API and customized programs for corporations with 1000’s of check collection points. These projects have played a key role in introducing CPI to many national, regional and community banks that recognize the unique benefit and advantage we deliver their client while maintaining the bank client relation.

Our partners have trusted CPI to implement varying degrees of Check Management programs. Each is application is meticulously researched and cooperatively designed to meet the individual corporate productivity, efficiency and cost management objectives of every client.

Randy Simoneaux, building on his prior experience with business ventures in the electronic payment industry, founded Clear Payments, Inc. in 2005. In 1993, Mr. Simoneaux co-founded and directed TASQ Technology, Inc. into the largest and most recognized electronic payment industry provider in the logistics and information management sector of merchant services. TASQ experienced extraordinary growth and captured in excess of 60% of the industry between 1993 and 2000 when it was acquired by First Data Corporation. It continues to be the primary support platform in the electronic transaction industry today.

Mr. Simoneaux remained active in the electronic transaction industry as an investor and consultant to such companies as US Alliance Group, iPayment, Inc., Financial Transaction Solutions and the former Verus Financial Management, recently acquired by Sage. His expertise in executing successful mass market distribution strategies has served to assist Clear Payments in becoming the clear leader in Remote Deposit Capture distribution and plays an active role in the day to day operations of the company.

Matt joined Clear Payments, Inc. in January 2005 as an Executive Vice President and Director of Sales and Strategic Development. He most recently served as Vice President and Manager of the Private Banking group with Fifth Third Bank. His professional career began in Nashville with Deloitte & Touche, LLP where he practiced public accounting, specializing in corporate and individual tax planning and compliance. After departing public accounting, Matt worked in compliance and mergers and acquisitions for HCA – The Healthcare Corporation of America. His banking experienced began with First American National Bank and AmSouth Bank where he served as a relationship manager in the automotive and commercial middle market sector.

Matt is from Knoxville, Tennessee and graduated from The University of Tennessee with a Bachelor of Science in Accounting and a Masters of Accountancy with a specialization in Taxation. He currently sits on the Development Board for The Frist Center for the Visual Arts, the Associate Board of The Nashville Symphony, the Executive Board of The Green Hills YMCA and is a licensed CPA and a member of the Tennessee Society of Certified Public Accountants and the American Institute of Certified Public Accountants. His understanding of Bank products along with his accounting and sales related background make him a valuable asset to our customer base.

Will brings 25 years of experience in public and private accounting and specific industry experience in electronic payments. He has served as CFO for various payment-related companies, including TASQ Technology, where his responsibilities included managing a vast array of payments and streamlining receivables processing for over 1,500,000 customers. He has provided the same valued service to a variety of industries including industrial supply and distribution, software development, educational products, and credit card processing. He most recently was under contract by an international publicly-traded company in directing its compliance effort with “The US Public Company Accounting Reform and Investor Protection Act of 2002” (Sarbanes-Oxley.) There, he created auditable business processes, improved financial transparency, and created strong internal operational controls.

In recognizing the value and need for the Clear Payments, Inc. solution by a wide range of businesses, Will joined the company to identify specific enhancement opportunities within organizations and to create a path of execution for those opportunities in an economically feasible manner. He assists small business owners in understanding how the iStream Deposit product streamlines the deposit process and generates significant labor savings. He assists larger clients in identifying solutions that enhance the depository process by automating base depository process flows, cash concentration, availability, and porting of data to solve back office requirements for multi-location and geographically-diverse depository environments. He additionally oversees integration with software developers in niche industries offering them opportunities to expand their system’s functionality to include “presentment services.” These services benefit the end-user and are designed to yield profitable recurring revenue streams for the developers. Lastly, Mr. Simoneaux assists community banks in identifying the value of using Clear Payments, Inc.’s turnkey solution as a back office solution for the community bank’s business customers.

Mr. Perera joined CPI in 2008 with qualifications and experience that lent well to the company’s software development and IT strategies. He completed a Master of Science degree in Computer Science from Maharishi University of Management and a Bachelor of Science in Computer Engineering from International Computer Management, Nawalapitiya, Sri Lanka.

Mr. Perera has been affiliated primarily in high volume transaction processing within the healthcare industry with TIME EMR/PM (EMR) and Practice Management system (PMS) as Chief Technology Officer developing an integrated medical information system built on Delphi. As Director of Application Development for MyLifeWatch and LWConnect Portal, a personalized health and wellness Web portal for individuals performing health risk assessment.

His extensive resume includes 6 years of a variety of .Net, ASP, Net and webservices, 2 years Java, Shell Scripting and SML, 6years data base design and development, and 9 years of Delphi. He also is proficient in SQL Server, Client Server Development supported by 3 years of Framework Architecture, Design Patterns Development, Business Process Modeling Software and Portal Development Aquilogic.

His addition has been instrumental in accomplishing the company’s integration of various levels of ECD applications into a single platform environment as well as redesign of the company’s database structure and Server Configurations that will allow rapid growth and scalability.