Spectrum EBP, a bank-owned payment system utility that routes electronic bills and payments between billers and consumers, Tuesday announced the addition of two key professionals to its senior management team including Spectrum Chief Technology Officer, Timothy W. Barnett, formerly CTO and CIO at NOVA Information Systems, and Spectrum Director of Operations, Bobbie P. Dozier, formerly Senior Vice President and the Internal Consultant for Electronic Banking at AmSouth Bank.
“As we continue to grow, it’s imperative that we put the best, most qualified management team in place. With Tim and Bobbie’s extensive financial backgrounds and prior management experience, both will be valuable assets to proving our company’s continued success,” said John M. Perry, Chairman and Chief Executive Officer, Spectrum EBP. “We are pleased that they have joined Spectrum and look forward to working toward future growth opportunities.”
As chief technology officer, Tim Barnett brings a wealth of transaction processing experience to Spectrum. Prior to Spectrum, Barnett served as Chief Technology Officer and Chief Information Officer at NOVA Information Systems, the third-largest transaction processing company in the nation. Barnett spearheaded NOVA’s product development and transaction network–building real-time, scalable, highly-available transactional systems and software. Prior to that, he spent nine years with the National Security Agency, in Maryland, Germany and England, and three years with The MITRE Corporation, a federally funded R&D company.
As director of operations, Bobbie Dozier brings more than 30 years of bank operations experience to Spectrum. Prior to joining the company, Dozier served five years in consumer lending operations at SunTrust Bank and four years in Retail Banking at Bank of America and Frost Bank. When ATM machines were in their infancy, Dozier moved into the operations at Bank of America, and managed electronic banking for the state of Tennessee for fourteen years. She was an early member of the Cirrus Operations Committee, where she served as chairman of the Rules and Steering Committees for eight years and vice chairman of the Operations Committee for eight years. Dozier also served as a member of the MasterCard Global Debit Committee for seven years. Dozier gained Merchant Processing experience as Vice President of Product Development at Concord EFS for two years. Before coming to Spectrum, Dozier was a Senior Vice President and the Internal Consultant for Electronic Banking at AmSouth Bank for seven years, where she assisted on Internet Banking and Bill Payment Systems development.
LabMorgan, the e-finance unit of JP MorganChase, First Union and Wells Fargo formed Spectrum in 1999 to fill a significant gap in the electronic bill presentment market. Spectrum functions like a hub, allowing participants to route electronic bills through a single connection to other participants. By bringing together a critical mass of consumers and billers, as well as promoting interoperable standards, Spectrum plans to accelerate the adoption of electronic bill presentment and fuel market growth.
Spectrum is an independent company fully owned by J.P. Morgan Chase & Co. (NYSE: JPM)([www.jpmorganchase.com].), First Union Corporation (NYSE: FTU) and Wells Fargo & Company (NYSE: WFC). Formed to facilitate the exchange of electronic bills and payments, Spectrum’s mission is to provide a secure, open and interoperable infrastructure to electronically link consumer and biller service providers. Additionally, Spectrum seeks to provide value to its participants by providing superior service and reducing overall bill presentment and payment costs. Spectrum does not host any bills directly, nor does it retain any bill details. Including the three founders, 24 financial institutions currently belong to the Spectrum network or have signed letters of intent to participate in the network. More information on Spectrum can be found at [www.spectrumebp.com].