Paysafe Group on Thursday capped a latest restructuring of its payment-processing unit with the appointment of a chief government for the unit’s U.S. buying division.
Afshin Yazdian on July 1 will take over the division, certainly one of two companies shaped with the splitting of the corporate’s payment-processing unit. Paysafe additionally introduced the retirement of payments-industry veteran O.B. Rawls, who had headed the worldwide fee processing division and can depart on the finish of the month. London-based Paysafe earlier chosen Paulette Rowe to be chief government of the opposite division, the worldwide e-commerce and built-in options unit.
Yazdian, an acquiring-industry veteran of greater than 20 years, involves Paysafe from Precedence Funds Methods, the place he was president. Prior positions embody president and chief government of Cynergy Knowledge, which in 2014 merged with Precedence Funds. Earlier, he labored for iPayment as government vice chairman and basic counsel. Paysafe in 2018 acquired iPayment, the place Rawls was president and chief government.
High administration at Paysafe burdened the value of Yazdian’s lengthy expertise within the context of the continuing Covid-19 pandemic. “We’re delighted to complete our executive leadership team in payment processing with the appointment of Afshin,” stated Philip McHugh, Paysafe Group’s chief government, in a press release. “The current Covid-19 outbreak poses significant challenges for our direct-merchant customers as well as our [independent sales organization] and agent partners, and we’re confident that Afshin, with his track record of building and managing high-growth organizations, and his laser focus on customer service, will ensure that we all emerge stronger as the market stabilizes.”
For his half, Yazdian hinted at a speedy progress technique for the buying unit. “We will strive to rapidly change the payments industry and become the leading provider of payment solutions in the U.S.,” he stated in a press release.
Rowe, in the meantime, involves Paysafe from Fb Inc., the place she served as head of funds and financial-services partnerships. Her expertise additionally features a stint at Barclaycard.
The departure of Rawls caps a distinguished profession of greater than 4 many years in funds. Earlier than iPayment and Paysafe, Rawls served in government positions at First Knowledge North America, Tasq, Hypercom, and Bank of America Service provider Options.