ROCKY HILL, Conn., Feb. 24, 2017 (GLOBE NEWSWIRE) — Payveris, the provider of next generation API-centric digital payment and money movement solutions designed to put financial institutions at the center of digital commerce, announced the appointment of Ron Bergamesca as Chief Executive Officer effective February 21, 2017.
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Bergamesca is joining Payveris as the company continues to build momentum, entering 2017 with more than 200 financial institution and Fintech partners, doubling of revenues and the closing of the final phase of its $10M Series C round of financing.
“Ron is the right person to build on the company’s great momentum,” said David Dame, Chairman of the Board of Payveris. “He is a proven leader in digital payments with an impressive track record of growing and scaling financial technology companies.”
Bergamesca spent over a decade at Online Resources (ORCC) in a variety of executive positions including Executive Vice President and General Manager of its Banking division, which provided digital banking and payment services to over 900 banks and credit unions and their 3 million users. During his tenure, the company grew from $4 million to $160 million in revenue. Most recently, Bergamesca was Chief Marketing Officer at Destination Rewards, an enterprise loyalty company, servicing top-tier companies including Citibank, Verizon Wireless, and Allstate.
“I am very excited to be part of the team that built the most advanced digital payments and money movement platform in the industry,” said Bergamesca. “With its open API and unified cloud-based architecture, the company is uniquely positioned to put financial institutions at the center of digital commerce with innovative services and unlimited control of the payment experience.”
Louis Hernandez, Payveris board member and former Chairman and Chief Executive Officer of Open Solutions, stated, “With his considerable experience and success in digital payments, we are thrilled to have Ron at the helm of Payveris as it enters a more aggressive expansion phase focused on providing payments innovation and outstanding service to its rapidly growing client base.”
Howard Mergelkamp, a managing partner at Mosaik Partners, which led the most recent capital funding round, added, “I’ve worked with Ron on prior ventures where he demonstrated keen strategic thinking and outstanding leadership capabilities that make him the perfect fit for Payveris as it moves into its high-growth expansion phase.”
After a successful tenure as Payveris’ President, where he positioned the company as the recognized industry leader for forward-thinking financial institutions, Jeff Weikert has decided to pursue interests outside the company.