NewswireToday - /newswire/ -
Washington, DC, United States, 2011/11/04 - Microfinance International Corporation announces the appointment of Elizabeth McQuerry to Senior Vice President of Business Development - MFI-Corp.com.
Microfinance International Corporation (MFIC), an innovative financial services company, announced its appointment today of Elizabeth McQuerry as Senior Vice President of Business Development. In her new position, McQuerry will be responsible for developing new products and promoting ARIAS, MFIC’s money transfer solution, to banks and credit unions within the U.S. and abroad.
McQuerry brings extensive experience and knowledge of the payment industry, which she garnered during her tenure at the Federal Reserve Bank, to her new position. As Assistant Vice President in the Retail Payments Office, McQuerry was responsible for developing FedGlobal® ACH Payments, the Federal Reserve’s suite of cross-border payments. Her duties encompassed identifying strategic partnerships for global payment processing and developing new products and services that meet the needs of financial institutions.
In her role at the Federal Reserve’s Retail Payments office, McQuerry collaborated with industry leaders to foster cross-border ACH. This included supporting the creation of the International Payments Framework Association, a global effort by industry participants to enable interoperability for cross-border payments, as well as serving as a Steering Group Member-at-Large in the National Automated Clearing House Association’s (NACHA) Global Payments Forum.
“I am enthusiastic about joining MFIC and supporting the company’s efforts to expand its payment offerings and to continue to create tools to better enable cross-border payments,” said McQuerry.
“We are very pleased that Elizabeth has joined our team,” said Elliott McEntee COO of MFIC and past president of NACHA. “This is an exciting time in the international payment industry and Elizabeth’s vast knowledge and relationships will be invaluable in advancing our endeavors.”
MFIC (mfi-corp.com) is a Washington, D.C. based company that aims to expand affordable and professional financial services to markets where such services have previously been unavailable or overpriced. The company offers a line of products and services, including ARIAS, a money transfer solution that enables financial institutions and payment providers to offer competitive remittance services. ARIAS processes “account-to-receiver” service for the FedGlobal ACH Payments. MFIC also operates Alante Financial, a financial service center targeted toward unbanked immigrants that helps remittance senders and receivers enhance their economic wellbeing.