John Moynahan brings to CardSystems more than 16 years of experience as a chief financial officer or treasurer of publicly traded companies ranging from development stage to over $900 million in annual revenues. Most recently Mr. Moynahan was with Xybernaut Corporation where he served in roles including executive vice president international operations, senior vice president and chief financial officer, and where he was a member of the board of directors. Mr. Moynahan directed Xybernaut's initial public offering in 1996. Mr. Moynahan holds a B.A. from Colgate University, and an MBA from New York University.
CardSystems Appoints Three Seasoned Executives to Leadership Roles
Thursday April 3, 10:29 am ET
Leading Provider of Intelligent Electronic Payment Processing Service Selects CFO, SVP Marketing and Product Management, and SVP Operations to Support Growth Initiatives
CHANTILLY, Va., April 3 /PRNewswire/ -- CardSystems, a leading independent full-service electronic payment processor, announced today that it has appointed John Moynahan senior vice president and chief financial officer, John Skeele senior vice president marketing and product management, and Steve McHenry senior vice president operations. CardSystems recently announced that it has secured an additional $23.6 million in funding, and the strengthening of the management team further supports the company's strategy of increasing market share by offering its clients advanced technology for processing electronic payments and intelligent applications for managing risk and disputes.
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"All three executives bring unique talents and abilities to their positions," said John Cramp, president and chief executive officer of CardSystems. "As we build on our success to date and work to expand our services in the near future, establishing a strong management team is critical to achieving our goals. With additional funding now in place, these appointments further strengthen our positioning for future development and growth, and reaffirm CardSystems' commitment to providing its clients leading- edge payment processing and high-quality customer service."
John Moynahan brings to CardSystems more than 16 years of experience as a chief financial officer or treasurer of publicly traded companies ranging from development stage to over $900 million in annual revenues. Most recently Mr. Moynahan was with Xybernaut Corporation where he served in roles including executive vice president international operations, senior vice president and chief financial officer, and where he was a member of the board of directors. Mr. Moynahan directed Xybernaut's initial public offering in 1996. Mr. Moynahan holds a B.A. from Colgate University, and an MBA from New York University.
John Skeele returns to CardSystems where he is responsible for strategic market analysis as well as product definition, development and marketing. In his previous time with CardSystems Mr. Skeele developed the company's industry leading merchant risk management system, Merchant Monitor(TM). Mr. Skeele rejoins CardSystems from Acumen Solutions where he was the managing director of the Financial Services consulting practice. Mr. Skeele has substantial expertise in the financial services industry, including 26 years with American Management Systems where he held various leadership positions in its Financial Services software and systems development group. Mr. Skeele graduated with a BA from Amherst College, and an MBA from the Colgate Darden Graduate School of Business at the University of Virginia.
Steve McHenry joins CardSystems from First Data Merchant Services (FDMS) where he most recently was a vice president and general manager responsible for the operational and P&L management of a $75 million per year merchant acquiring portfolio. Previously, Mr. McHenry was responsible for implementing the FDMS system in the UK and, prior to that, for managing the dispute resolution and merchant risk areas at FDMS. A graduate of Notre Dame, Mr. McHenry also earned an MBA from Case Western Reserve University.
ABOUT CARDSYSTEMS
CardSystems Solutions Inc., is a leading provider of intelligent end-to- end electronic payment-processing services to acquiring banks and Independent Sales Organizations (ISO's). With CardSystems' comprehensive and flexible array of processing services, ISO's and acquiring banks can manage the entire payment processing cycle and customize services to fit their merchant portfolios while maintaining complete control of risk, dispute resolution and proprietary customer data. CardSystems' intelligent enabling technologies include an expert system, neural network and service offerings optimized for the card processing industry. The company processes transactions for more than 60,000 merchants through its network of ISO's and Merchant Acquirers. Headquartered in Northern Virginia, CardSystems' transaction processing services are available to the card industry on an Application Service Provider (ASP) or Business Service Provider (BSP) basis. For more information on CardSystems, visit www.cardsystems.com.
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Source: CardSystems Solutions Inc. |
