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Global Rainmakers Appoints Jeff Carter as Chief Operations Officer

Industry leading innovator to deploy new strategy focused on mobile iris biometric applications

NEW YORK, March 17 /PRNewswire/ -- Global Rainmakers, Inc., an intellectual property holding company and advanced R&D laboratory, today announced the appointment of Samuel Jeff Carter as Chief Operations Officer. In addition to overseeing firm operations, Carter will be responsible for new business development and the deployment of the firm's revolutionary strategy on iris biometric security applications within mobile services and devices.

Carter, 39, comes to Global Rainmakers with over 15 years of banking and technology experience. He is an advisor to emerging technology companies around the globe with a focus on identity and innovation. He spent the last six years at Bank of America, where he served as Senior Vice President for the Consumer Bank Transformation. In this role, Carter was responsible for examining the monetization of information clouds, the future of mobile payments and launching the first social media offerings for the company. As a part of this breakthrough program, he founded the Center for Future Banking at the Massachusetts Institute of Technology Media Lab, a first of its kind collaboration between the largest Bank in the world and a premier research university. Carter developed this to fuel the innovation strategy for Bank of America and secured $25 Million in funding for research efforts that are projected to have major transformational impact on the Banking industry. American Banker named Carter as one of the industry's top innovators in its yearly ranking - ranking fourth and fifth in 2009 and 2008, respectively.

"Without hyperbole, Jeff is the most innovative and influential technology and operations strategist in the banking and securities industry," said Hector Hoyos, Chairman and CEO of Global Rainmakers. "Jeff will be spearheading our new initiative and working in conjunction with our technology services partner on iris biometric applications within consumer mobile services and devices. While the number of applications is limitless, our initial concentration will be on mobile payment services where the iris is the preferred identification biometric based on accuracy and scalability."

Carter noted, "Payment services are one of the largest profit pools in the world. It is more than $900 billion globally, or 25 to 30 percent of total bank revenue. This creates a battleground for the banking industry and a critical target for telecommunications and platform companies. Morgan Stanley's most recent Mobile Internet Report predicts that within five years, more people will connect to the Internet using mobile devices than with desktop computers. The opportunities in mobile are huge, with mobile payment services as the holy grail of the industry. There is a tremendous opportunity to innovate, disrupt traditional value chains, and create valuable customer intimacy but security is paramount. With its commitment to innovation, superior technology, and security expertise, Global Rainmakers will play a key part in the way in which we will use our mobile devices."

Prior to joining Bank of America, Carter served as Chief Information Officer at One Network a Fenway Partners company and as Chief Technology Officer and Founder of E-Dreams, Inc, a leading internet consultancy. Carter also worked at iXL, Integration Architects and Dell. He has a B.S. in Computer Engineering from the University of Texas and an eMBA from Duke University. Carter holds several patents related to information banking and the monetization of personal information, published a business strategy book, No-Limit The Texas Holdem Guide to Winning in Business, has authored numerous articles, and is the subject of a Harvard Business School case study.

Global Rainmakers has carefully developed its intellectual property portfolio to support a wide range of biometric products that can meet the demands of businesses in both public and private sectors. Biometrics products are designed to uniquely recognize humans based on one or more intrinsic physical or behavioral traits, which could include finger print, voice, DNA, and iris recognition. Biometric solutions are often leveraged in identity access management and control systems. The next chapter will see a paradigm shift where biometric services will underpin all facets of life. This will forever change the landscape for payments, marketing, personalization, and search, creating an opportunity to transform the valuable consumer profile. The iris platform provides the foundation to service billions of unique users across a global scale. Global Rainmakers has worked with the Pentagon, the U.S. Air Force, and the Department of Homeland Security, as well as banking and financial services companies, such as Bank of America.

About Global Rainmakers, Inc.

Global Rainmakers, Inc. (GRI) was established in Puerto Rico in 2006, as an intellectual property holding company, with a lean R&D-focused operation. Since its inception, GRI has focused solely on technologies and business models capable of changing the paradigm within entire industries, and has reached a point where it offers paradigm shifting solutions in every aspect of life. www.globalrainmakersinc.com

    Media Contact:
    Sharron Silvers
    KCSA Strategic Communications
    (212) 896-1282
    [email protected]

SOURCE Global Rainmakers, Inc.

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