Management Team

CORPORATE OFFICERS & EXECUTIVES:

Dave Abbott
– President & Chief Executive Officer (Founder)
Mr. Abbott founded GNOSIS SECURED™ to bring a vision he saw a decade ago to an industry struggling to make the changes needed to compete in a new technological era. With a 17+ year career in the medical and worker’s compensation industry, Mr. Abbott has seen the antiquated process first hand, and he knows how to make GNOSIS SECURED™ the game changer that the industry needs and his clients want.

Mr. Abbott formed Consolidated Medical Care, Inc. in 1986, introducing the worker’s compensation industry to a unique combination of control, timeliness, data management and expert support in reviewing medical bills to claim departments subject to fee schedules and similar forms of scheduled cost containment; serving insurance companies, self-insured, third party administrators, and state funds.  1992, Mr. Abbott extended his vision to the Workers’ Compensation Third Party Administration arena, founding DRJ Integrated Services.

In 1993, Mr. Abbott saw a better way to make payments and introduced Electronic Financial Exchange (EFT) for Vocational Rehabilitation to the California Insurance Industry. In 1998, Mr. Abbott sold both of his businesses and has since then been involved with a variety of entrepreneurial accomplishments. With a proven track record, Mr. Abbott is determined to see GNOSIS SECURED™ be the fastest, most efficient, and the most convenient financial data and disbursement processor not only in the worker’s compensation arena, but in all of healthcare.



Phillip Hoag – Chief Solutions Officer & Interim CFO (Co-Founder)
Mr. Hoag comes to GNOSIS SECURED™ with more than a decade of experience in the business/finance industry. Along with Mr. Abbott, Mr. Hoag sees a need to serve an outdated system of payment processing and give it a 21st century kick by lending his expertise from his previous positions as a Banking Officer, a Finance and Insurance Manager, and working concurrently for two bio-medical manufacturing companies as the Assistant Financial Controller and the team leader of new software program integration.

As a Certificated Business Instructor, Mr. Hoag will utilize his communication and teaching skills to create a customer centric corporate culture, and lead his service team in delivering a superior level of end-to-end customer satisfaction.

With an eclectic background in areas such as accounting, finance and insurance, banking services (loans, wires, ACH & electronic transfers, credit/debit cards) and teaching (computer applications (Microsoft Office), web and graphics design, coding, and mathematics), Mr. Hoag possesses an excellent skillset to make GNOSIS SECURED™ go from an idea to a visual and tangible concept. Mr. Hoag received his B.S. Degree in Business Administration optioning in Finance from California State University, Chico, as well as a Post Graduate Teaching Credential in Business with a supplement in Mathematics from California State University, Chico.



Jim Wedster
– Chief Technology Officer (Co-Founder)
Mr. Wedster is a senior technologist with extensive experience in technology, leadership, and management. He has acted as Senior VP, Senior Director, and Chief Architect with a proven track record in designing and implementing enterprise strategic systems and solutions. Mr. Wedster has designed and managed development of claims, bill review, underwriting, billing, and enterprise reporting systems.

Mr. Wedster has an extensive background in software methodologies, having successfully introduced and implemented “client-driven” iterative and agile processes that focus on genuine client business needs.

Mr. Wedster has a proven ability to identify business technology needs, defining and aligning with strategic visions, prioritizing, and implementing cohesive solution to help make each unique organization successful.

Mr. Wedster’s success in the financial exchange industry was manifested in the design/architecture and delivery of high performance, mission-critical systems to streamline trading, and the introduction of new trading instruments.



ADVISORY BOARD

Pat Funck
Mr. Funck
is a senior executive with extensive experience in strategy, technology, leadership, and management.  He has acted as a CIO, CTO, and Chief Architect with a proven track record in delivery of large initiatives and business transformation.   Patrick has introduced software R&D process and leading-edge technologies into companies and has a strong background in corporate governance, business and systems architecture, M&A and integration, as well as vendor management. 

Mr. Funck holds a B.S. Degree in Computer Science and a MBA in Finance and International Business.  He has 25 years of experience deploying new technology to global financial service companies and the largest third party administrators.  Accountabilities encompassed significant payment and financial processing including large healthcare platforms, call centers, document management, financial management, CRM, BPM, ERP, BI, and reporting.



Dickson Chu

Mr. Chu is an accomplished General Manager and innovative product builder with nearly 30 years’ experience working at the intersection of Financial Services, customer insights and the strategic use of technology.  He has held leadership roles at prominent companies – Wells Fargo, Yahoo!, PayPal, Citi – where he created and/or grew sizeable new businesses. 

Mr. Chu is an investor, board director and active advisor to a number of emerging companies working to redefine the next generation of payments, commerce and business services.  He recently transitioned to Board Director from CPO and EVP Corporate Development at Ingo Money where he was responsible for strategy, product management, strategic alliances and M&A.  Ingo Money is transforming consumer access to money to fuel consumer adoption of new and existing digital payment platforms.

Previously Mr. Chu was SVP Merchant Solutions at LivingSocial where he was charged with creating a new business unit to go beyond the ‘daily deal’.  Prior to LivingSocial he was Managing Director, Digital Networks in the newly created Citi business unit, Global Enterprise Payments (GEP).  GEP leverages Citi’s unparalleled global capabilities across retail banking and institutional clients in more than 140 countries around the world.  In this role, he had global responsibility for leading the development of new digital payments and marketplaces capabilities for mobile network operators and Internet companies delivering e-Commerce and m-Commerce; he led Citi’s efforts to create and launch Google Wallet.

Prior to joining Citi, Mr. Chu was part of the initial leadership team that created the PayPal Merchant Services business serving as Global General Manager where he grew the Merchant Services business from $50M in revenue in 2004 to over $1B over 5 years.  In 2009 he created a new role at PayPal and served as Vice President, Global Product and Experience.  In this role, he led product strategy, product management and user experience design for the millions of PayPal consumers and merchant customers around the world.

Prior to PayPal, he was General Manager for Yahoo! PayDirect, where he transformed the domestic P2P payments business into an Internet based international money transfer service in partnership with MoneyGram.  Mr. Chu has held various senior management roles at companies such as I-Impact, an Internet based predictive analytics start-up founded in Tel Aviv; Wells Fargo where he led a senior team to create new retail banking products; and, CSC Index, the inventors of Business Reengineering.

Mr. Chu received his Bachelor of Arts degree from St. Mary's College of California.  He is a board member at Ingo Money, Bluefin Payments, BoomTown and CFY.org, and an Advisor to LoopPay (acquired by Samsung), Leapset (acquired by Sysco Foods), Sequent, Cortex MCP and Anywhere Commerce.

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