Mike Vaselenak Mike Vaselenak, VCS

Technologies Payments Products and Services Expert, Toronto, Canada

I am a specialist in product management and business development for payments and transactional systems, with three decades of experience.

I have defined payments product strategies, advised on product opportunities and risks, and specified or proposed software and services under those strategies for leading Canadian, U.S. and international corporations including Canadian top tier banks, national merchants, MasterCard Canada, loyalty and gift card program providers, Canada Post, Ericsson, Microsoft, IBM, Teleglobe, Telus, Telpay, Everlink, card program managers, credit unions, and federal and provincial governments.

Additional clients include Canadian Broadcasting Corporation, Aconite, Government of Northwest Territories and the World Bank agency, IFC.

I have held a number of senior positions including Director of Instant Issuance Canada for Datacard, Director of Payment Instruments and Alliances for Wireless Payment Services (WPS, now Enstream); Senior Payments Architect for the Ericsson Sweden global eBusiness Platform project; subject matter expert for IBM European ebusiness product competitive positioning, Director of Products for processing and ecommerce service companies, and V.P of Business Development for next generation payments solutions companies.

I have founded and lead companies that developed and then operated advanced transaction processing solutions including proprietary account card networks, special purpose POS terminals, extended transaction set authorization and adjudication, and ecommerce merchant and supply chain applications. These solutions were provided for Gulf Canada, Petro Canada, Manulife, Aetna, Prudential, Metlife, as well as medical professional associations and others.


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