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Simoun Ung joins us with an extensive background in the payment card industry. Mr. Ung’s experience in the international payment industry stems from a variety of roles in the field: CEO of an Internet payment service provider, President of card-based remittance company, and Vice Chairman of a third-party processor, Bastion Payment Systems Corporation. At Bastion, Mr. Ung helped develop the first proprietary payment gateway certified by the payment card industry in the Philippines.
Mr. Ung’s other management positions include being President and Director of Four Star Consulting and Chairman of Century Peak Corporation. Mr. Ung also serves on the Board of Advisors of Essential Innovations Technology Corp. (OTCBB: ESIV), and the Board of Directors of Transpacific Broadband Group Inc. (PSE: TBGI) and Federal Chemicals Inc. (PSE: FED).
Mr. Ung has been a resource speaker on advanced money laundering using electronic payment systems for the U.S. Federal Bureau of Investigation. Mr. Ung maintains extensive ties with the Philippine community and currently serves as President of the Philippine Chapter of the Foundation for the Support of the United Nations; a trustee of the 3P Foundation U.S.A.; a Commander of the Philippine Coast Guard Auxiliary; and a member of the American Chamber of Commerce in the Philippines. Mr. Ung holds an MBA from the Ivey School of Business, University of Western Ontario and a BA from the University of British Columbia. | 