ProPay Appoints Greg Pesci President and Chief Operating Officer

July 07, 2011 06:15 AM Eastern Daylight Time 

LEHI, Utah--(BUSINESS WIRE)--ProPay (www.propay.com), an industry leader in Merchant Services, End-to-End Payment Security, credit card processing, and mobile payment services, is pleased to announce that Greg Pesci has been appointed President and Chief Operating Officer. Over the past two years, Pesci has been serving as ProPay’s Chief Operating Officer. Under Pesci’s leadership as COO, ProPay has continued to grow revenues in a down economy and has substantially increased its earnings. Pesci has also championed several key initiatives including ProPay’s global payment strategy and secure social mobile payments strategy (Social M-Payments)—a new technology that was the First Place Winner of the 2011 ETA Technology Showcase Challenge. Gary Goodrich, ProPay’s Chief Executive Officer since 2000, will continue in the CEO role.

“ProPay is a great company with vast opportunities for the future”

Pesci has more than 12 years of experience in the financial institution and payments arena. Prior to joining ProPay in 2006, he served as Associate General Counsel and Senior Vice President of Product Development for Merrick Bank Corporation. In addition, Pesci has served as Counsel in the Patent Division for Procter & Gamble. His educational background includes a Bachelor of Arts Degree in International Relations; a master's degree in Organizational Behavior; and a law degree with honors from Brigham Young University.

“We’re pleased to promote Greg to the position of President and Chief Operating Officer,” said Gary Goodrich, ProPay’s Chief Executive Officer and Director. “Greg’s management of company operations has resulted in ProPay’s ability to deliver superior products to market faster and has improved overall operating efficiencies.”

“ProPay is a great company with vast opportunities for the future,” said Pesci. “I’m grateful for the trust that Gary and the other Board members have placed in me, and I’m excited to advance ProPay’s growth in the global payments arena and to assist in driving the market for secure social mobile payments.”

Note to editor: Picture available upon request.

About ProPay

Since 1997, ProPay has provided simple, secure, and affordable payment solutions for organizations ranging from the small, home-based entrepreneur to multi-billion-dollar enterprises. ProPay is a leading provider of complete End-to-End Payment Security solutions designed to significantly reduce the client organization’s risk of having sensitive payment data compromised. ProPay is the recipient of the prestigious 2010 ETA ISO of the Year award. ProPay is a 14 year old, privately held company, headquartered in Lehi, Utah. For information, visit www.propay.com.

Contacts

ProPay, Inc.
Scott Nelson, 801-341-5300
marketing@propay.com