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Fred Gumbel assumed the role of CEO of WAY Systems in October, 2006. Gumbel has over thirty years of experience in the financial services industry, including having served as President of the EDS Electronic Commerce Strategic Business Unit and the founding Chairman, President and CEO of Vital Processing Services. Prior to holding these positions, Gumbel held senior executive positions with First Bank System and Citicorp. Since leaving Vital in 1998, he has served as CEO of Payment Insight, a leading consulting firm to the finnacial services industry with clients including financial institutions, payment processors and a number of airlines and other organizations. Gumbel also served in the United States Army and received a Bachelor of Science in Business Administration from Western Kentucky University prior to beginning his successful career in business. | 