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CompanyProfile

Time-tested principles,

family-driven service

1 payments was founded in 2017 by payments
veteran Shane Hibbeler with sons Taylor and
Tristan Hibbeler. From the beginning, the com-
F pany's business model has been steeped in ethi-
cal practices and community service, according to Beau
Tyndall, vice president of sales at F1 Payments. ISO/MLS contact:

"Our vision is simple: at F1 Payments, you aren't just a Beau Tyndall
merchant, you are a member of our family," Tyndall said. Vice President, Sales
"We use this family approach to build relevant, lasting
relationships and we believe the right behaviors and at- 817-366-8148
titudes are key cogs to individual and company success.
This is what sets us apart." beau@f1payments.com

Tyndall summarized the F1's core values as H.I.G.H.E.R. www.f1payments.com
(Hope, Integrity, Guide, Humble, Engaged and Relevant)
and pointed out that these principles guide F1's approach
to merchant services, partnerships and team building. Join our growing family
Merchant, partner benefits F1 Payments has more than 40 members and has grown
year-over-year after boarding its first MID in 2017. The
Tyndall further noted that F1 Payments boards merchants company became a registered ISO of MB Financial, now
from regular and challenging verticals, helping them Fifth-Third Bank, in 2018 and moved its headquarters to
keep their businesses up and running with optimal cash Austin, Texas, the following year. In the fourth quarter
flows on a long-term basis. F1 Payments helps all types 2020, Shane Hibbeler retired, following a strategic re-
of merchants find banks that match their credit policy, capitalization and growth investment from an affiliate of
he stated, adding that F1's proprietary, best-in-class mer- York Capital Management.
chant portal allows merchants to see key metrics and sta-
tistics, as well as their overall "health." This means they Chad Anselmo, who joined the company shortly after its
don't have to worry about high chargeback rates, funds founding as president, now leads the company as CEO.
availability from card processing or being shut down by He was previously senior vice president of development
their payment processor, he stated. and strategy at Paysafe Group, as well as its chief financial
officer of payment processing. He has also held executive
"Our technology stack allows us to empower stakeholders positions with Meritus Payments and Experian. Tyndall
with information so that they make timely business deci- described Anselmo as a high-integrity, intelligent, calm,
sions," Tyndall said. "Our risk expertise protects them. We focused and positive individual for whom family is a
make payments simple and transparent to bank partners high priority at work and at home.
and clients while optimizing our risk profile."
As he reflected on F1 Payments' journey, Tyndall men-
Tyndall stated that F1's in-depth intake system satisfies tioned that the company will be building out its propri-
the stringent guidelines of its banking partners and their etary platform in the coming months by adding more
know-your-customer (KYC) criteria, and it uses risk heu- third-party tools, including a single app for all banks. F1
ristics to monitor each account for exception characteris- plans to continue leveraging advanced technologies to
tics. For F1 partners, this means more placements, lower monitor and elongate the merchant lifecycle and create
attrition and more robust residual streams, he added. products and services, particularly within its continuity
and subscription billing models.
F1 Payments has established exclusive, long-term and
trusted executive relationships with large ISOs, leading "We will continue to scale by adding smart acquisitions
processors, third-party vendors and payment partners, and adding one or two more banks who are comfortable
and the company offers competitive splits and an online with our primary continuity vertical and can provide ex-
boarding engine, Tyndall stated. Partners can see key clusivity," Tyndall said. "Additionally, we plan to invest
metrics and statistics using F1's merchant portal, where in three or four more verticals that have similar risk/per-
they can view individual merchant statuses or their en- formance attributes to leverage our current risk expertise
tire portfolio. and procedures."

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