MIKEVASELENAK isSenior Payments Products and Strategy Consultantwith VCS Technologies Inc. He is a specialist inpayments and transactional systems product strategies and management, with overthree decades of experience. Mike has defined payments product strategies andspecified or proposed software and services under those strategies for leadingCanadian, U.S. and international corporations including Canadian top tierbanks, national merchants, card networks, loyalty programs, crown corporations,telcos, credit unions, and federal and provincial governments. Mike co-chairedthe Advanced Card Technology Association’s committee on prepaid cards, as wellas the ACT committee on multi-application card issuance. Mike has also co-leada Canadian Institute workshop on ‘Roadmaps for New Payments Technologies’, andhe has chaired the Canadian Institute ‘Forum on Prepaid, Gift, and Stored ValueCards’ and also presented at the Institute’s 2014 Payments Compliance Forum.