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  • Website: http://www.buysafe.com

One-Line Bio

Entrepreneur, the Founder & Chairman of buySAFE, Wharton MBA, and adoring husband.

Biography

Steve fell victim to e-commerce fraud in 2000 when he purchased a PDA on eBay that never arrived. Recognizing the need for a better trust and safety model for online shoppers, Steve turned his frustration into inspiration by founding buySAFE, the world's leading e-commerce trust and safety company. He developed and refined the business plan and product prototypes for buySAFE while earning his MBA at the Wharton School, where the venture became a finalist in the School’s prestigious business plan competition.

buySAFE has bonded more than 15 million online transactions, and is available on thousands of e-commerce web sites. buySAFE enables online retailers to display the powerful buySAFE trust signal backed by a broad guarantee (a surety bond of up to $25,000). The company's mission is to make every online transaction trusted, reliable and risk-free.

As founder, chairman and senior vice president for product and strategy, Steve is responsible for leading its business intelligence, strategic planning, professional services, creative design, and product management teams. He is a recognized expert and regular public speaker on the subjects of e-commerce, Internet safety and information economics, and he was appointed to the Virginia Joint Commission on Science and Technology’s Cybercrimes Advisory Committee in 2006. Steve is also the inventor on two pending patent applications.

Prior to founding buySAFE, Steve was both a vice president of Assurance Capital Corporation and a director of the Financial Risk Solutions practice within the Rutherfoord Companies, one of the largest privately-held insurance brokerage firms in the United States. At USF&G Insurance, he managed a $1.5 billion portfolio of surety bond guarantees and built the business from $3 million to more than $12 million annual revenue in two years. Steve began his career at Travelers Property & Casualty, and also worked at PayMyBills.com, an online bill management service and idealab! company.

NOTE: The views expressed on this website/weblog are mine alone and do not necessarily reflect the views of my employer.

Interests

Golfer, Skier, Cook, Florida Southern College, Surety Bonds, Aetna, Travelers, USF&G, St. Paul, Wharton, Entrepreneur, eCommerce, Technology, buySAFE, and family.