Fortney Named Chairman of EFTA's eFinancial Enablers Council
The eFinancial Enablers Council (eFEC), a roundtable of CEOs and division heads of leading Internet banking and payments providers, has announced the election of David S. Fortney as chairman. Mr. Fortney represents Metavante Corporation, where he serves as a senior vice president heading Metavante’s electronic presentment and payments business.
Founded in 2000, the eFEC is a council of the Electronic Funds Transfer Association that is dedicated to fostering industry relationships, best practices and a favorable legislative and regulatory environment for internet-based financial activities.Mr. Fortney represents Metavante Corporation, where he serves as a senior vice president heading Metavante’s electronic presentment and payments business. He replaces Anil Arora, President and CEO of Yodlee, who served as eFEC’s chairman for two years.
The Council also re-elected Alex Hart, CEO of Corillian Corporation, as vice chairman. Past eFEC chairmen include Michael Sanchez, chairman of the international division of Fidelity Information Systems, and Matthew P. Lawlor, chairman and CEO of Online Resources Corporation.
Through its pioneering work, the Council has set the stage for the long-term development of a successful marketplace for Internet-based financial services. The Council provides a number of benefits to its members that are helping to foster this marketplace, including:
eFEC membership is open to senior officers of organizations that provide software or service that enables financial institutions to provide Internet-based services to their customers.
- Providing a clearinghouse on legislative and regulatory initiatives in the areas of security, identification, and privacy;
- Working towards development of examination standards for online banking technology service providers; and
- Providing information and education to members on marketplace issues.
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