Executive Change: James Rossini to The Receivables Exchange as Security Director

The Receivables Exchange, the world’s first online marketplace for real-time trading of accounts receivable, today announced that James Rossini has joined the company as part of its ongoing commitment to deploy best practices in fraud prevention and security. Mr. Rossini is a veteran of the Federal Bureau of Investigation (FBI), having devoted his career to fighting White-Collar Crime and fraud.

“The Receivables Exchange is dedicated to providing a safe and secure trading environment for our Members,” said Nic Perkin, co-founder and president of The Receivables Exchange. “During his 26 years in the FBI, Jim was well-known for his expertise in preventing and detecting financial fraud and corporate crime. As our Senior Director of Security and Fraud Management, he will guide us in providing best-in-class fraud prevention techniques and security measures.”

Earlier this year, the Exchange announced that James Bernazzani, a distinguished FBI veteran, joined the company’s Advisory Board to help the company apply the latest technologies, strategies, knowledge and resources to ensure the safety and security of the Exchange’s Members. The potent combination of these two veteran White-Collar Crime and fraud fighters, further positions The Receivables Exchange to become an industry leader in detecting and deterring fraud.

After earning a MBA in Finance from New York’s Iona College in 1981, Mr. Rossini began his FBI career in the Kansas City Division investigating and combating White-Collar Crime. In 1984, he transferred to New York City to specialize in fraud investigations and counter terrorism. While with the FBI, Mr. Rossini focused on White-Collar Crime and fraud detection and prevention, pursuing bank fraud and embezzlement, investment fraud, credit and factoring fraud, insurance fraud, corporate fraud, cons and Bankruptcy fraud. In 1997 Mr. Rossini transferred to the New Haven, CT, office to focus on White-Collar Crime. He retired in October 2008.

“The Receivables Exchange is going to be a powerful financial solution for Buyers and Sellers alike in which providing a safe and secure transaction experience is going to be paramount,” Mr. Rossini said. “I look forward to employing my nearly 30 years of experience to helping the Exchange create one of the industry’s most secure online trading platforms.”

The Receivables Exchange, through its proprietary and patent-pending centralized online marketplace, will provide a global network of Buyers with access to more than $18 trillion in annual business-to-business accounts receivable volume while and offering the nation’s six million small and mid-sized businesses with a new way to finance growth.

About The Receivables Exchange
The Receivables Exchange is the world’s first online marketplace for real-time trading of accounts receivable. The Receivables Exchange provides a new dimension in working capital management by connecting private companies to a global network of accredited Buyers who compete in real time to buy and trade receivables. Exchange participants benefit from flexible access to working capital finance at competitive rates. The Receivables Exchange is a fast and efficient way to manage working capital at a fraction of traditional financing costs. The Receivables Exchange has secured financing from Prism VentureWorks and Fidelity Ventures, the venture capital arm of Fidelity Investments. The Exchange’s trading platform is proprietary and patent-pending. For more information, visit www.receivablesXchange.com.