SAN DIEGO, CA – Bob “YNOT Bob” Rice has been named the new President of YNOT Payment, LTD, a new online payment service that was launched earlier this year in cooperation with European billing company enterpayment AG.YNOT Payment allows surfers to pay for goods and services bought online. It can be used for buying website subscriptions and retail goods from online stores.

“I’m excited about this move because I believe strongly in the quality of the YNOT Payment service, and I believe that I bring valuable industry experience to the company,” said Rice. “The adult industry has been looking for new solutions to old billing problems, and YNOT Payment provides a badly needed service for owners and operators or adult websites. The technology that powers YNOT Payment is designed to reduce chargebacks, increase profitability for online sellers, and provide a better experience for online buyers. I’m looking forward to speaking with adult entertainment companies about how they can use YNOT Payment to make more money.”

The move to YNOT Payment means that Rice will be turning over his position as President of YNOT Network to longtime company COO Jim Ruga. Ruga will manage the direction of YNOT Network properties, including its flagship website YNOT.com. In addition, Rice’s responsibility for all advertising sales on YNOT.com will go to company Vice President Jay Kopita.