Our Vision
Noca is building a new online payment system to provide significantly reduced transaction processing rates for online shopping enabling efficient processing for the full spectrum of transaction sizes. Current payment systems have high fixed as well as variable costs and do not scale for online transactions. Noca's system offers merchants virtually free transaction processing.
Noca is building a consumer experience and incentivization strategy which will allow consumers unprecedented choice in incentives and provide for a radically improved way to transact online. With integrated identity verification and advanced risk metrics, Identity theft will be a thing of the past.
History
Noca was founded in 2007 by a founding team that is currently led by people from the credit card and financial services industry who have first hand experience about the pain merchants are suffering as a result of high processing costs for accepting credit cards online.
Founding Team
Pankaj Gupta
Founder and President
PJ Gupta worked for VISA before founding Noca, where he held positions including Chief Network Architect and Director of Network Security. Prior to VISA he was pursuing his startup streak at Quote.com (sold to Lycos), Netcentives (a startup that went IPO in 1999) as Director of IT. He also worked for Silicon Graphics in a lead technology infrastructure role. His overseas experience includes living and working in Japan for National/Panasonic group (Tokyo R&D Labs) and JP Morgan - one of the first to implement TCP/IP and Open Systems in live trading environment. PJ has a BS and MS in Computer and Information Science from The Ohio State University. When not changing the world of payment systems PJ loves to fly single engine propeller planes.
S. Randy Nott
VP Engineering
Randy was a Lead Architect and Engineer developing Internet Applications at VISA before joining Noca Inc. as part of the founding team. He has more than 16 years of experience majority of which was spent developing financial applications for banks and other financial institutions. Prior to joining VISA full time he was a consultant helping VISA architect its web applications paradigm. Before VISA, Randy architected and led the development of Wells Fargo's Internet based consumer banking application and also worked in the applications development division at TRW systems. Randy has a BS in Computer Science from Western Michigan University. When not developing the best paymets platform Randy loves to spend time with his two kids.
Advisors
Dale Achabal, Ph. D
Professor, Santa Clara UniversityDale D. Achabal, is the L.J. Skaggs Distinguished Professor and Director of the Retail Management Institute at Santa Clara University. He has published extensively in leading journals and presented papers at industry and professional conferences throughout the U.S., Europe and Asia Pacific. He is on the CIO Council of the National Retail Federation and Editorial Board of the Journal of Retailing. He also serves on the Board of Directors of Gottschalks Inc. RivalWatch and Goodwill Industries of Silicon Valley.
Murali Chirala
CEO, RealiSim Inc.Murali has over 10 years of executive management experience. Currently he is CEO of RealiSim Inc., a sports production platform enabling Real-time Scores, Personalization and 3D event animation on wireless and mobile devices. Prior to that Murali was Vice President of premium services infrastructure, Yahoo! Managed an organization responsible for global ordering, provisioning, billing, payment operations for all Yahoo!s for-pay services(eMail, Personals, Small Business, Sports, Games etc) processing revenues of $300 million in 2003. In addition Murali has an entrepreneurial streak as President and co-founder Cyberbills. Sold Cyberbills to Metavante Corp. in May 2001. Cyberbills billpay technology and service was recognized by Online Banking Report (OBR-103) as the one of top 25 web banking innovations of all time. Co-chairman of the Board of Directors with representation from GE, Intuit and raised over $50 million in private capital.
Brian Conley
Founder and Former CEO, Pan Pacific BankBrian Conley, a long time veteran of Citibank's domestic and international banking operations, has spent almost ten years living and working in Vietnam, Japan, Hong Kong and Taiwan. He is the original founder and former President/CEO of Pan Pacific Bank in Fremont, CA. and currently works as a financial consultant.
Sridhar Iyengar
Board Member, ICICI BankSridhar Iyengar is a board member of ICICI bank (India's second largest bank) and former chairman and CEO of KPMG India. He was with KPMG for 34 years as a partner in the UK, US and India. Currently, Sridhar is associated with Bessemer Venture Partners and sits on the boards of American India Foundation, Infosys, ICICI Bank, Rediff, OnMobile, among others. He has also served as president of TIE and a Fellow of the Institute of Chartered Accountants in England and Wales.
Careers
Looking to make a splash in an industry that hasn't seen change for decades? We are taking on the audacious task of building a new payment system that will solve the problem of credit/debit card processing fees forever. Looking for people from business as well as technology backgrounds. You'll need to be the energetic and entrepreneurial kind - the one who doesn't take no for answer. If writing code to solve a problem that affects millions thrills you or can't rest easy unless you've closed the world's toughest account, get in touch with us. Got the burning desire to do something great? What are you waiting for? Introduce yourself! ignite@noca.com