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July 20, 2011 11:01 pm GMT

Accel Furthers Online Payments Expertise With New EIR From iPay

Accel Partners has been making major investments in a number of online payments companies, including Wonga, e-payments company Yapstone, and most recently, online payments company Braintree. In fact, payments is one of the main investment themes that Accel is targeting in its funding strategy. So it's not surprising that the venture firm is staffing up on experienced talent to help find the next big thing in payments. Today, payments executive Bill Ready is joining Accel as an Executive in Residence.Ready joins Accel from electronic bill pay provider iPay Technologies, where he served as President, and helped manage the company's sale to Jack Henry for $300 million last year. Previously, Ready served as iPay's Chief Financial Officer and worked as a consultant at McKinsey & Co. where he focused specifically on advising companies in the payments and financial technology sector.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/1wVvPgbyuvA/

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