Matthew Lanford Is Named President and COO, and
Jeffery Baker Joins as CFO
Paysign, Inc. (NASDAQ:PAYS), a leading provider of prepaid card
programs, digital banking services, and payment processing, today
announced that its board of directors has made two major changes to
the company’s executive leadership team, naming Matthew Lanford
president and chief operating officer, and appointing Jeffrey Baker
as chief financial officer, effective February 22, 2021.
Lanford joined Paysign in 2019 as chief product officer,
bringing with him more than 30 years of payments industry
experience. Lanford has served as senior vice president and general
manager of the financial services division of InComm Payments,
where he was responsible for the company’s consumer-facing Vanilla™
suite of products. Prior to his tenure at InComm, Lanford was with
Mastercard for more than 10 years, where he was a vice president
with the global prepaid product and solutions group, and the
prepaid product lead for Europe, based in London. Lanford had
regional responsibility for innovation, product development,
go-to-market strategy and commercialization of the Mastercard
prepaid portfolio of products, in addition to senior leadership
roles in product management and investor relations. Lanford was
twice awarded the prestigious top spot in Europe’s Prepaid Power
10. Lanford earned his Bachelor of Science in Computer Science from
the University of Arkansas at Little Rock.
“I am extremely pleased to have Matthew assume this important
role at Paysign,” said Mark Newcomer, CEO. “Since joining Paysign
in 2019 he has played an integral role in product development and
our overall success. With his broad experience in payments, Matthew
is uniquely positioned to contribute to our continued success in
his new role as President and COO.”
As newly appointed chief financial officer, Baker brings
in-depth payments industry knowledge to the company. Before joining
Paysign, he was executive vice president of mergers and
acquisitions at InComm Payments, completing acquisitions,
divestitures, joint ventures and investments throughout the
Americas, Asia and Australia. Prior to InComm, Baker was chief
development and strategy officer at Global Payments Inc., one of
the world’s leading payment processing companies, where he
completed worldwide acquisitions and divestitures. During his
career Baker has also held various senior equity analyst positions
at firms covering the financial technologies and services,
business-to-business (B2B), personal computer and enterprise
storage industries, including U.S. Bancorp Piper Jaffray, W.R.
Hambrecht & Co., SunTrust Equitable Securities, and Principal
Financial Securities. Baker also serves as a Georgia regional
director of Birmingham, Alabama-based ServisFirst Bank. He is a
graduate of Texas Christian University in Ft. Worth, Texas, where
he graduated cum laude with a Bachelor of Business Administration
in Finance.
“Jeffery brings a tremendous track record of success, leading
high-performing payment organizations,” said Paysign President and
COO Matthew Lanford. “He will play an important role as we continue
our growth and I look forward to partnering with him closely in our
future success.”
“These appointments to the executive leadership team will grow
and improve Paysign’s business, with a focus on strategic
priorities and finance,” said Mark Newcomer, CEO. “Matthew and
Jeffery are proven industry leaders, and the board of directors is
confident that they are the right people to usher in this next
chapter of growth for Paysign.”
As president, Lanford succeeds Mark Newcomer, who will continue
in his role as chief executive officer of the company. Lanford also
replaces Joan M. Herman as chief operating officer. Ms. Herman will
remain a member of the board of directors, and her new role will be
executive vice president of operations.
Baker succeeds Mark K. Attinger, who has resigned in order to
pursue other career opportunities. Attinger will remain with the
company through March 31, 2021, to support the smooth transition of
the CFO position, advise on certain company initiatives and serve
as executive vice president of finance.
“On behalf of everyone at Paysign and our board of directors, I
want to thank Mr. Attinger for his dedication, contributions and
strong leadership during his time at Paysign,” said Mark Newcomer,
CEO.
About Paysign
Paysign, Inc. is a leading provider of prepaid card programs and
integrated payment processing services designed for businesses,
consumers, and government institutions. Incorporated in 2001 and
headquartered in southern Nevada, the company creates customized,
innovative payment solutions for clients across all industries,
including pharmaceutical, healthcare, hospitality, and retail.
Built on the foundation of a reliable payments platform, Paysign’s
end-to-end technologies securely enable digital payout solutions
and facilitate the distribution of funds for donor compensation,
copay assistance, customer incentives, employee rewards, travel
expenses, per diem, as well as reimbursements and rebates.
Paysign’s solutions lower administrative costs, streamline
operations, increase revenues, accelerate product adoption, and
improve customer, employee, and channel partner loyalty. To learn
more, visit paysign.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20210224006090/en/
Alicia Ches Director of Marketing 702.749.7257
pr@paysign.com
Investor Relations 702.453.2221, option 4
ir@paysign.com
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