Daniel Frate has been named the new Executive Vice PResident of Global Markets and Product Management at ACI Worldwide, Inc., the payments systems provider said today in a statement. In this new position Frate will be responsible for matching the company's product roadmaps with market demands, the company added.
Frate served most recently at PNC Bank as the Executive Vice President and Head of Products and Pricing. ACI noted that Frate - who will work out of the company's Naples, Fla. headquarters - brings over 25 years of experience working in payments to his new position.
"With oversight of the sales and services functions as well as product management, Dan will ensure that we continue to meet our customers' need by delivering market-leading solutions," Philip Heasly, ACI's president and CEO, said in the statement.
David Morem, currently the Executive Vice President of Global Products, is also transitioning to the new role of Executive Vice President of Global Maintenance, where he will lead ACI's product maintenance and customers support operations. ACI also announced that Ralph Danglemaier, the Executive Vice President of Global Market, will be leaving to join another private company.