MINNEAPOLIS – Sept. 7, 2011 – Digital River, Inc. (NASDAQ: DRIV), a leading provider of global e-commerce solutions, today announced the appointment of Therman Wheeler to serve as vice president of global product for Digital River World Payments. Wheeler brings 15 years of experience in e-commerce, global acquiring and payment verticals to the position, where he has responsibility for driving product strategy, planning and execution across the Digital River® World Payments™ product portfolio.
“Payments continue to be an integral component of the e-commerce and m-commerce ecosystem. By implementing our Digital River World Payments solution and following our Payment Lifecycle Management approach, our clients are turning payments into revenue generating opportunities,” said Souheil Badran, senior vice president and general manager of Digital River World Payments. “With well over a decade of global payments work with companies like Microsoft, Therman will play a pivotal role in helping us fuel future strategic development efforts for our payments solution.”
Wheeler joins Digital River after seven years at Microsoft, where he most recently focused on global product and payments strategy. He previously served as vice president of strategic development for Citi Merchant Services business with responsibility for developing their global acquiring platform. Therman’s experience also includes development of new technologies at American Express and W.L. Gore & Associates.
“Digital River has essentially written the book on global e-commerce for 15 years,” Wheeler said. “In this new role, I have the opportunity to help shape our global payments strategies, drive new revenue, and write the next chapter in building businesses for online merchants worldwide.”
The Digital River World Payments solution enables online merchants to manage the entire payment lifecycle through a single connection to multiple payment services. These services include checkout page optimization, real-time fraud detection, solutions to manage PCI exposure and currency risk, as well as advanced back-office reconciliation services and business intelligence tools. Digital River World Payments offers local and relevant payment options in more than 190 countries and over 170 transaction and display currencies. To learn more about Digital River’s full-service global and domestic payments programs, visit the Digital River World Payments website.
About Digital River, Inc.
Digital River, Inc., a leading provider of global e-commerce solutions, builds and manages online businesses for software and game publishers, consumer electronics manufacturers, distributors, online retailers and affiliates. Its multi-channel e-commerce solution, which supports both direct and indirect sales, is designed to help companies of all sizes maximize online revenues as well as reduce the costs and risks of running an e-commerce operation. The company’s comprehensive platform offers site development and hosting, order management, fraud management, export controls, tax management, physical and digital product fulfillment, multi-lingual customer service, advanced reporting and strategic marketing services.
Founded in 1994, Digital River is headquartered in Minneapolis with offices across the U.S., Asia, Europe and South America.