Board of Directors

Howard Aiken

Mr. Aiken is Chief Executive Officer and Chairman of Vermont Information Processing (VIP). Mr. Aiken began his distinguished career as an engineer at IBM 40 years ago and then followed his entrepreneurial calling to create VIP over three decades ago. VIP is headquartered in Burlington, Vermont and initially started as a shared computer services provider. Mr. Aiken has since grown VIP to become the largest software-as-a-service provider to the beverage industry serving over half the supplier’s in the industry with high quality accounting and technology solutions.

Larry A. Bettino

Larry Bettino has 19 years of private equity and venture capital investment experience. He is currently a Partner at StarVest Partners, a New York – based venture capital firm focused on technology-enabled business services that take advantage of next-generation internet and information technologies. He was a Partner and Managing Director of Warburg Pincus, joining the firm in September 2001 to lead the firm’s investment activities in telecommunications and information technology, and a member of the firm’s executive management group. Prior to joining Warburg Pincus, he was a founding partner at Baker Capital. From 1989 to 1996 he was a partner with Dillon Read Venture Capital where he focused on technologyand data communications investments. An experienced engineer, he held a series of technical and management positions at IBM. He received his B.S. (1982) in electrical engineering from Rensselaer Polytechnic Institute and an M.B.A. from Harvard Business School (1989). Mr. Bettino has been a member of the Board of Directors of several public and private companies: Accept Software (on-demand product innovation and management software), IRON Solutions (Data-as-a-Service provider: The largest farm equipment transaction information database), Passenger (the technology leader in on-demand customer collaboration), LSSiCorp. (the leading provider of international directory database services); MACH SA (based in Luxemburg – the global leader of mobile telephony data services); and Telcordia Technologies (the world’s largest provider of Operational Support Software to tier-one communications carriers and one of the largest technology leveraged buyouts of the last several years).Mr. Bettino is a member of the Board of Trustees of the Citizen’s Budget Commission, a non-profit civic organization committed to influencing constructive change in the finances and services of New York State and New York City governments. He is a member of the Board of Advisors of the Adventis, the global management consulting firm. He lives in Bronxville, NY with his wife and three children.

John H. Elyer

John Eyler retired from Toys “R” Us, Inc. as President and Chief Executive Officer in July, 2005. Mr. Eyler joined Toys “R” Us in January, 2000. Prior to joining Toys “R” Us, Inc., Mr. Eyler was Chairman and Chief Executive Officer of FAO Schwarz in New York. He joined FAO Schwarz in 1992 from Hartmarx in Chicago, where he served as Chief Executive Officer of its retail subsidiary. Earlier in his career, Mr. Eyler was the Chairman and Chief Executive Officer of MainStreet, a division of Federated Department Stores, Inc. He began his retail career at The May Department Stores Company, and was named President and Chief Executive Officer of May Company’s May D&F in Denver at age 32. Mr. Eyler was Chairman of the Board of Directors of Toys “R” Us, Inc., and a Board member of The Toys “R” Us Children’s Fund, Inc. while at Toys “R” Us. He also served on the Board of The Andre Agassi Charitable Foundation for eight years, and was a member of the NYC 2012 Board, an effort to bring the 2012 Olympic Games to New York City. Mr. Eyler also served as a Board Member for the Donna Karan Corporation, April 9, 1999 to November 27, 2001 and served on the Special Committee of the Board that successfully sold the company. For the past five years Mr. Eyler has served as President of Titan Sculpture Inc. which represents Roberto Santo’s sculptures and paintings globally. In addition he manages a charitable foundation that he created upon his retirement with a primary focus on improving the lives of children. A graduate of the University of Washington in 1969 with a degree in Finance, Mr. Eyler received an MBA from the Harvard University Graduate School of Business in 1971.

Marc H. Michel

Marc has over 20 years of private equity and venture investment experience and was a founding Director of Metamorphic Ventures before joining as a Managing Partner. Marc was formerly Group Head at TD Capital (USA) in New York, TD Bank’s $500 million private equity fund focused on the media and communications sectors. Prior to joining TD Capital, Marc was the Managing Partner of EOS Partners SBIC, a $60 million venture capital fund focused on business services and communications. Marc began his career at Merrill Lynch Interfunding, a $1.3 billion middle market buyout fund. Marc has spent his entire career helping entrepreneurs build their businesses across the entire lifecycle of over 45 businesses. He has helped management teams build their executive teams, develop their operational and corporate finance strategy and assisted them with executing financings of every type both public and private. Marc has served on numerous boards of directors in partnership with management and co-investors. Marc has been involved in many successful companies including Coinstar, Accrue Software, CADIS Software, Open Development Software, DTS Systems, Precyse Solutions, Telemundo, Robb Report, Reiman Publishing, Alaska Native Wireless, Tritel PCS, Triton PCS, Wireless One, Mountain Union Telecom, Brooks Fiber, Bresnan Cable, and FrontierVision Cablesystems. Marc graduated with a BA degree from Emory University in 1983 and a MBA from Wharton School of Business of the University of Pennsylvania in 1987.

Michael A. Lane, President

Michael Lane joined Transactis in 2010 as part of the acquisition of Data Impact, where he served as the Chief Executive Officer and member of the Board of Directors. He brings many years of extensive executive experience in payments, cash management, and capital markets. Prior to joining Data Impact, Mr. Lane was the Senior Vice President and General Manager of Bottomline Technologies, a leading provider of cash management solutions, where he led the business to significant growth. Lane has also served as Managing Director, Global Banking and Capital Markets for Pegasystems, a provider of business process management solutions, where he built a New York-based team to penetrate the financial services market and brought on significant new business. Mr. Lane also was a founder and Chief Marketing Officer of Encompys, a start-up independent software company owned by Accenture, The Bank of New York, Microsoft, Compaq, and Advent Software. Lane has previously held senior level positions at Accenture, Chase and Bankers Trust Company.

Joe Proto, Chairman and Chief Executive Officer

Joe Proto became Chairman and Chief Executive Officer of Transactis Inc. in 2007, after nearly three decades in the billing and payments industry as a senior executive and successful entrepreneur. Prior to Transactis, he launched REMITCO, a remittance processing company which was acquired in 2000 by First Data Corp, as well as Financial Telesis (CashFlex) which was acquired in 1992 by CoreStates, now part of Wells Fargo. Proto also co-founded Windham Ventures (an innovation leader in financial and life sciences technology), is an LP with Metamorphic Ventures (focused on transactional media) and is an advisor to Data Impact. Joe is a member of various financial services associations and has been a frequent speaker at conferences in the payments industry.

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