Verrency continues to bolster its Global Advisory Board
Australian global payments provider Verrency has bolstered its Global Advisory Board, appointing FinTech executive Michael Walters.
Based in Melbourne, Michael has 30 years of international experience in FinTech with a focus on cards and payments, having worked with leading financial institutions, retailers, transport organisations, MNO’s, payment processors / schemes and governments globally.
Most recently, Michael founded and led littlepay, a leading provider of open-loop transport payments, and prior to that was the Portfolio Manager / Executive Director for Allectus Capital, managing an AUD 400 million global fintech portfolio. Previously Michael was the COO of travel industry virtual card provider eNett, following 9 years as a Director / Partner of global payments consultancy, Edgar, Dunn & Company. Michael is also a Non-Executive Director of PayNet, the operator of the national payments system and financial markets infrastructure for Malaysia – jointly owned by the central bank and national banks.
Verrency Founder and CEO David Link said Walters’ extensive experience in the payments industry combined with his entrepreneurial background will help further support Verrency in its global expansion plans.
“We are delighted to have Michael on board. Michael will play an important role in helping us to grow Verrency globally with his intimate understanding of the payments space in the both the Asia Pacific and European markets,” said Link. “Michael’s unique experience bridges deep technical and commercial knowledge with scheme and regulatory exposure, having run investment funds and grown multiple payments businesses from scratch – truly value-adding for Verrency.”
Walters said: “I’m pleased to have the opportunity to work with the Verrency team in delivering a platform that enables banks to provide to their customers emerging products and services – both their own and FinTech-enabled – that were previously unavailable to them in a cost and time-effective manner. Whilst the legacy payments infrastructure of major banks was once considered a handicap to their success, Verrency provides them with the opportunity to leverage strong existing relationships to deliver new customer experiences in a manner akin to a leading FinTech.”
Verrency is a global provider that enables banks to deliver value-added payment capabilities and curated FinTech services quickly and cost effectively through their existing payments infrastructure.
Verrency provides world-leading enterprise-grade payments services for card issuers, merchant issuers, processors, and other digital financial services institutions. Verrency is a scheme-agnostic, white-label, “payments-innovation-as-a-service” open-API platform that helps card issuers acquire new customers and increase their share-of-wallet of existing customers while also significantly increasing security, control, and IoT connectibility. Verrency works behind-the-scenes – enabling everything from 2nd generation payments controls to aggregation to loyalty/ rewards spend to digital currency spend – quickly and easily with no change to existing payments rails, connections, or point-of-sale terminals. Verrency also enables rapid connection to 3rd party fintech services with little to no integration.
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