October 27th, 2014

Tom Bell Named Chief Executive Officer at Merchant e-Solutions

REDWOOD CITY, Calif., Oct. 27, 2014 — Merchant e-Solutions (MeS), a U.S.-based provider of end-to-end global payment solutions, and a company from the Cielo group, today announced the appointment of payments industry veteran Tom Bell as Chief Executive Officer. Bell will be responsible for accelerating MeS’s continued growth through platform and infrastructure development, new innovative product delivery, and strong sales and partnerships, backed by responsive customer care and financial rigor.

“Tom embodies the entrepreneurial spirit and drive that has positioned Merchant e-Solutions as a trusted solutions provider and processor in the payments industry,” said Romulo de Mello Dias, chief executive officer, Cielo. “I am confident that his extensive industry and professional experience including mergers and acquisitions, electronic commerce, and business process management will build upon our current momentum and successfully drive growth for our clients, our partners and our company.”

“The payments industry is in the midst of truly transformative change,” said Bell. “Merchant e-Solutions, backed by the global reach and financial strength of Cielo, has the strategic relationships, technology infrastructure, and scale necessary to capitalize on these exciting times. I look forward to joining the talented team at MeS.”

Bell was most recently a managing partner at Capellas Partners, a strategic advisory firm working with technology-driven companies. He has prior payment industry experience, both as CEO of Bank of America Merchant Services, and as executive vice president of strategy and business development at First Data Corporation. Previously, Bell spent 25 years at Accenture, where he served as a managing partner in the communications and high tech practice and spearheaded the company’s media and entertainment practice in North America. Tom is also a board member at the High Museum of Art in Atlanta.  He received a bachelor’s degree in finance from Auburn University.

About Merchant e-Solutions

Merchant e-Solutions offers end-to-end payment solutions and is one of the fastest growing e-Commerce companies in the card processing industry. As a tier one acquirer, MeS processes over $14 billion worth of credit card transactions annually for more than 70,000 merchants in partnership with over 250 banks and partners. The company is based in Redwood City, California, and is part of the Cielo group, Latin America’s leader in electronic payment solutions.

About Cielo

Cielo SA (Bovespa: CIEL3 | OTC: CIOXY) is Latin America’s leader in electronic payment solutions. It is responsible for acquiring merchants and for the capture, transmission, processing and settlement of transactions made with credit cards and debit cards in Brazil. Through thousands of simultaneous and reliable operations, Cielo connects banks, card companies and merchants to power businesses and boost the economy.