eZforex.com appoints former Federal Reserve's Global Payments Director, Jorge Jimenez, as CEO

Longview, TX – eZforex.com, Inc. (eZforex), a national leader in the provision of foreign currency for travelers through financial institutions, announced today that Founder Evan Shelan is transitioning from his position as CEO to Chairman of the Board. Over the last 4 years, eZforex has been progressively entering the international transfers field by providing low-cost payment solutions for their customers.

New CEO Jorge Jimenez is eager to disrupt the current market. Jimenez states, “I am excited to create a new paradigm shift and challenge the international payments status quo by allowing small and medium financial institutions and payment processors to increase their domestic role while also playing a much larger role in international transfers.”

Evan Shelan and Jorge Jimenez met for the first time in Nashville, Tennessee in 2012 at the annual National Association of Federal Credit Unions (NAFCU) Conference. One meeting turned into several and, shortly, Shelan adopted Jimenez’s vision. First eZforex decided to create a front-end interface that connects financial institutions to the Federal Reserve’s FedGlobal® international payment platform and allows thousands of financial institutions and millions of customers the ability to send global payments for international trade, payroll and remittances, at a fraction of the cost.

Shelan knew that Jimenez was a great fit early on. "While working with Jorge,” Shelan added, “I realized that I found someone who shared my vision and could propel this company into the future.”

About Jorge Jimenez

Jorge Jimenez joins eZforex from the Federal Reserve System, where he was the Product Development Director of FedGlobal®. Throughout his career—15 years of which have been in payment systems—Jimenez changed conventional wisdom on international payments by helping financial institutions provide low-cost ACH remittances, often termed “The International Wire”, while streamlining their processes.

Jimenez received a Master in Business Administration in 2001 from a joint program between the London School of Economics and Bocconi University of Milan.  That same year, Jimenez joined the operational arm of the Italian Central Bank, SIA Group, where he was first Project Director for the new European Clearing House in support of the newly introduced Euro (STEP2) and later in charge of developing the national payment infrastructure for central banks in Latin America and Africa. Jimenez has worked with foreign governments and central banks in over 50 countries. He is currently completing his PhD in Economics from The University of Madrid.

About eZforex.com, Inc. (eZforex)

eZforex.com, Inc., a Longview, Texas based corporation, is the nation's leading foreign exchange service provider for financial institutions. Founded by Evan Shelan in 1994, eZforex was created to provide currency to credit unions, banks, travel-related companies, and direct consumers prior to departing the United Sates for travel. Today, with over 4,000 banks and credit unions, eZforex provides a turnkey solution for financial institutions in need of foreign currency and international transfers.

Media Contacts:

Stephanie Shelan Katz – eZforex.com, Inc.
Communications Director
617-571-1481
stephanie@ezforex.com