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IndustryUpdate
Unified Payments appoints Chester Founder McPherson returns to Virtual Piggy
Net Element Inc. appointed David Chester as the new Virtual Piggy Inc. welcomed the return of Scott
CEO of its U.S. subsidiary, Unified Payments. Chester McPherson, the original Chief Financial Officer of
joins the company with 30 years of experience in the Virtual Piggy, to resume the CFO position full-time.
payments field and long standing relationships with McPherson brings with him 20 years of CFO experience
sponsoring banks, national retailers, direct marketers, with private and public companies. "Scott has stayed
e-commerce companies, ISOs and national catalogers. connected to Virtual Piggy over the last two years and
Chester most recently served as the Chief Operating knows our business inside out," said Dr. Jo Webber, CEO
Officer of JetPay. and founder of Virtual Piggy.
Fed appoints payments steering committee Strawhecker promoted at TSG
The Federal Reserve selected steering committee members The Strawhecker Group promoted Mike Strawhecker to
for the Faster Payments Task Force and Secure Payments Principal and equity partner. Over the past nine years,
Task Force described in the Strategies for Improving Strawhecker has contributed to TSG's product and ser-
the U.S. Payment System paper. Representatives were vice offerings, staff management and marketing over-
elected by the membership to represent stakeholder sight; he has also served as an adviser on the majority of
categories, with two appointments made by the Federal TSG consulting projects. As part of this advancement, he
Reserve task force chair on each task force, to ensure will also join TSG's board of directors.
stakeholder perspectives were sufficiently represented
Among the appointees to the Faster Payments Task Force Ventura joins International Bancard
are Janet Estep, NACHA – The Electronic Payments
Association; Peter Gordon, FIS; Jordan Lampe, Dwolla International Bancard hired Steve Ventura as its Senior
Inc.; and Ryan Zaggone, Ripple Labs. Notable appoin- Vice President of Partner Development. Ventura brings
tees to the Secure Payments Task Force include Dave 20 years of business, sales and partnership experience
Faoro, Verifone Inc.; Terrence Griffin, CO-OP Financial to International Bancard. In this role, Ventura will work
Services; Victoria Strayer, TSYS; and Matt Wilcox, Fiserv. with International Bancard executives to advance the
A full list of appointees can be found at www.federalre- company's strategic relationships, with the goal of driv-
serve.gov/newsevents/press/other/20150721a.htm. ing lead generation opportunities.
Unified Payments appoints Chester Founder McPherson returns to Virtual Piggy
Net Element Inc. appointed David Chester as the new Virtual Piggy Inc. welcomed the return of Scott
CEO of its U.S. subsidiary, Unified Payments. Chester McPherson, the original Chief Financial Officer of
joins the company with 30 years of experience in the Virtual Piggy, to resume the CFO position full-time.
payments field and long standing relationships with McPherson brings with him 20 years of CFO experience
sponsoring banks, national retailers, direct marketers, with private and public companies. "Scott has stayed
e-commerce companies, ISOs and national catalogers. connected to Virtual Piggy over the last two years and
Chester most recently served as the Chief Operating knows our business inside out," said Dr. Jo Webber, CEO
Officer of JetPay. and founder of Virtual Piggy.
Fed appoints payments steering committee Strawhecker promoted at TSG
The Federal Reserve selected steering committee members The Strawhecker Group promoted Mike Strawhecker to
for the Faster Payments Task Force and Secure Payments Principal and equity partner. Over the past nine years,
Task Force described in the Strategies for Improving Strawhecker has contributed to TSG's product and ser-
the U.S. Payment System paper. Representatives were vice offerings, staff management and marketing over-
elected by the membership to represent stakeholder sight; he has also served as an adviser on the majority of
categories, with two appointments made by the Federal TSG consulting projects. As part of this advancement, he
Reserve task force chair on each task force, to ensure will also join TSG's board of directors.
stakeholder perspectives were sufficiently represented
Among the appointees to the Faster Payments Task Force Ventura joins International Bancard
are Janet Estep, NACHA – The Electronic Payments
Association; Peter Gordon, FIS; Jordan Lampe, Dwolla International Bancard hired Steve Ventura as its Senior
Inc.; and Ryan Zaggone, Ripple Labs. Notable appoin- Vice President of Partner Development. Ventura brings
tees to the Secure Payments Task Force include Dave 20 years of business, sales and partnership experience
Faoro, Verifone Inc.; Terrence Griffin, CO-OP Financial to International Bancard. In this role, Ventura will work
Services; Victoria Strayer, TSYS; and Matt Wilcox, Fiserv. with International Bancard executives to advance the
A full list of appointees can be found at www.federalre- company's strategic relationships, with the goal of driv-
serve.gov/newsevents/press/other/20150721a.htm. ing lead generation opportunities.
