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Monday, August 12, 2013 — 13:12:15 (EDT)

Global Electronic Technology names Grimm EVP of Operations

Torrance, Calif., August 5, 2013 – Global Electronic Technology, Inc. (GET) today announced the appointment of Linda Grimm as Executive Vice President of Operations. Ms. Grimm will lead company operations including Customer Service, Deployment, Risk Management, Underwriting, Technical Support and IT for Global Electronic Technology and affiliate OrbitalPay, LLC.

Ms. Grimm joined GET in August and reports directly to Steven H. Bryson, Founder and CEO of Global Electronic Technology and OrbitalPay.

Ms. Grimm is a seasoned payments executive holding multiple accreditations including Certified Information Privacy Professional (CIPP/US) and Project Management Professional (PMP). She has extensive experience managing operations for domestic and international merchant acquirers. Her most recent position with Compliance Solutions and Resources (CSR) as Director of Consulting Services allowed her to utilize her skill set and credentials to manage multiple consulting projects during a time of growth of CSR’s privacy consulting practice.

Previously, as President of TRX Processing, a wholesale ISO, she utilized her skills and experience to build a full service operation designed to provide the best possible service at competitive rates with a diverse product offering catering to the needs of small business merchant customers.

As Director of US Operations for Moneris Solutions, Ms. Grimm was responsible for the Merchant Boarding, Customer Support and Risk Management functions for the US division of Moneris as well as overseeing the successful integration and conversion of Humboldt Merchant Services’ portfolio to Moneris’ operating structure.

Prior to working with Moneris, she spent 13 years with Humboldt Merchant Services (HMS). As the Director of Operations she directed all outward facing operational functions including: Account boarding, Risk Management, Underwriting, Compliance, Chargebacks, Customer Service and Technical Support. She became an expert in the area of regulatory and card brand compliance participating in an ETA Technology presentation on PCI Compliance at the ETA Annual Expo in 2007 and was part of the ETA Risk Committee that same year.

“Ms. Grimm is among the most respected leaders in the electronic payments industry with diverse experience and high level roles in the bankcard industry. She knows how to build and grow operational teams focused on building and maintaining customer loyalty through excellent service; her mantra is to “Exceed Every Expectation”. Ms. Grimm’s broad based operations and risk management experience will help guide and support us as we invest in GET’s strategy to reach new customers and introduce new scalable, intuitive, data rich, cloud-based commerce solutions to the market place,” said Global Electronic Technology’s Founder and CEO Steven H. Bryson.

Ms. Grimm said, “I’m excited to be able to return to the payments industry in a role that will allow me to utilize my skills and experience to build an infrastructure that will support scalable growth for GET.”

Ms. Grimm currently serves on the Western States Acquirers Association (WSAA) Advisory Board and the Electronic Transaction Association’s Data Security Task Force. Linda is a member of both the Merchant Acquirers’ Committee (MAC) and Women Networking in Electronic Transactions (WNET). A frequent speaker and author of numerous articles including a contribution to C3ET’s book, “Credit Card Processing for Sales Agents”, Ms. Grimm utilizes her extensive experience to promote education and awareness throughout the payments industry.

Linda obtained her Bachelor of Science degree from CSU, Chico.

About Global Electronic Technology, Inc. (GET)

Global Electronic Technology, Inc. (GET) is a leading technology provider of end-to-end payment processing solutions, including virtual terminal, payment gateway, GET Shop, on-line ACH, loyalty and gift card programs. Founded in 2000 by Steven H. Bryson and currently privately-owned, GET has grown to epitomize the word "global", by offering state-of-the-art payment processing product and services to diversified industries, extending from retail to internet-based transactions in the worldwide payment industry. For more information about GET's products and services, please contact Xavier Ayala, at (888) 775-1500 Ext. 258 or visit us at www.gettrx.com .

About OrbitalPay, LLC

OrbitalPay, LLC is an innovative payment solution that offers online billing solutions for web-based companies in e-commerce, retail and small businesses. The added benefits include web traffic analysis, market coaching for low-volume merchants, risk management for high-risk vendors, MPA3 certified, and credit card fraud prevention. OrbitalPay provides secure transaction services and offers industry innovative fraud-scrubbing for merchant accounts from the premiere hybrid PSP. For more information, please visit www.orbitalpay.com or call (888) 776-8801.

Source: Company press release.