Community

GTCR Announces Appointment of Jeff Hack as Paya CEO

CHICAGO, Nov 15, 2018, /PR Newswire/ — GTCR, a leading private equity firm, is pleased to announce the appointment of Jeffrey Hack as Chief Executive Officer and member of the Board of Directors of Paya (formerly known as Sage Payment Solutions). Most recently, Mr. Hack was an Executive Vice President and Management Committee Member at First Data Corporation (“First Data”), a global provider of payments technology and the largest US merchant processor. Mr. Hack was an integral part of the leadership team that transformed First Data, leading to a successful IPO. During his tenure, he held various leadership roles at the firm, including serving as COO of Global Business Solutions, First Data’s largest division. At First Data, Mr. Hack led the commercialization of integrated payments and software solutions to SMB clients, resulting in increased sales and retention.

Mr. Hack has spent his entire career within the financial services industry, holding senior positions at Morgan Stanley Smith Barney, JP Morgan Chase & Company, and McKinsey. He holds a bachelor’s degree in Economics from The Wharton School at the University of Pennsylvania and an MBA from Harvard Business School.

Since GTCR’s acquisition of Paya in August 2017, Paya has invested to significantly enhance its technology and offerings. Key accomplishments include launching a next-generation payments gateway, increasing the breadth and depth of its software offerings and releasing new vertically-focused solutions to allow payments integration into customers’ day to day workflow. Also, in support of its strategy to invest in vertically-focused integrated payments, on Nov 1, 2018, Paya acquired Stewardship Technology. Stewardship is a leading payments facilitator empowering nonprofits, faith-based organizations and educational institutions. To advance Paya’s growth efforts, GTCR has committed up to $350 million of equity capital to the platform. The company is actively pursuing other acquisition opportunities that further enhance its capabilities, scale, and differentiation.

“I am looking forward to working with GTCR and the talented team at Paya,” said Jeff Hack. “Paya offers a market leading payments solution with world-class support to our partners and end customers. We have made great strides as a focused, independent company and will continue to enhance our integrated solutions through investments in innovation. GTCR’s growth orientation and deep industry experience in payments make them an ideal partner.”

“Jeff’s demonstrated track record and highly complementary experience make him the ideal CEO of Paya”, said Aaron Cohen, Managing Director at GTCR. Cohen continued: “Partnering with Jeff gives us the opportunity to accelerate our growth through investments in software and vertical-specific solutions as well as continue our M&A efforts”.

 

Community, MissionPay - Billing & Payment Processing

Press Release – Stewardship Technology provides payment processing solution to Visiting Angels franchises

FOR IMMEDIATE RELEASE

Announcement of New Customer Agreement with Avery Investments, dba., Visiting Angels

MissionPay – Billing and Payment Processing

Mount Vernon, Ohio (August 7, 2018) – Stewardship Technology and Avery Investments, the franchise owner of (6) six Visiting Angels locations have signed an agreement to utilize Stewardship Technology’s MissionPay Billing and Payment Processing Platform.

Mark Aspenson of Avery Investments and franchise owner of Visiting Angels, contacted Stewardship Technology in May of 2018 concerning the lack of functionality with their current payment processor. Visiting Angels were experiencing increased production time due to the lack of automated batching, as well as multiple processing errors from their current processor.

Stewardship Technology was able to provide customization through its MissionPay Billing & Payment Processing Platform, streamlining Visiting Angels processing efforts. Stewardship Technology’s MissionPay Platform provides seamless boarding with payment facilitator capabilities, ability to electronically move funds, set up recurring payments, batch capabilities, API’s designed for developers with simple integration, and customized reporting & data analytics to maximize the usage of Stewardship Technology’s MissionPay Platform functionality.

Jennifer Watson, Account Manager, of Avery Investment’s was asked if she would recommend Stewardship Technology’s MissionPay Platform to other Home Health franchises as their billing platform. “Most definitely!” Jennifer Watson stated. “Save the sanity of your accounting team members. It’s easy to use and makes it easy to spot an error if one is made.”

Stewardship Technology’s Director of Sales, Trey Swallow, states “we were excited to partner with Mark and Jennifer to develop functionality that streamlines their process, making it easier to batch transaction across their multiple locations, manage multiple depository accounts, provide segmented reports, and different levels of access. The functionality can be used by any Visiting Angels franchise location.”

About Stewardship Technology

Since 2002, Stewardship Technology has been empowering Nonprofits, Faith-based Organizations, and Educational Institutions through our cloud-based platforms making online giving and payment processing fast, secure, and efficient.

Stewardship Technology’s fully-integrated cloud-based platforms reduce manual processing, streamline and enhance the donor experience, and provide the highest level of security through our PCI-DSS Level 1 compliance.

Stewardship Technology is a community of people who care. Through our mission, we strive to make a difference for our clients by providing custom technology solutions that fund and fulfill their missions.

About Partnerships

Contact Trey Swallow at 866.604.8880 tswallow@stewardshiptechnology.com