Veracity Payment Solutions Appoints Rick Caldarella as Vice President of Product Management

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Payment processing veteran joins Veracity to help grow current and future payment product offerings.

Veracity Payment Solutions, a leading privately held merchant acquirer and provider of payment transaction processing services, today announced the appointment of Rick Caldarella as vice president of product management. In his new role, Caldarella will be responsible for leading the management and development of products and services, providing product direction and vision as well as formulating market and product strategies for the company.

“Veracity stood out as a company that prides itself on transparency and ethical business processes,” said Rick Caldarella, vice president of product management at Veracity. "I am excited to dive into my new role at the company and look forward to the opportunity to further the development of the solutions and services that Veracity currently provides, as well as testing and launching some ground-floor initiatives.”

“We are committed to investing in the growth and expansion of our innovative payment solutions,” said Grant Putre, chief information officer with Veracity Payment Solutions. “Rick’s extensive payment industry experience and product management background make him a tremendous asset to our company. Rick is a complement to our best-in-class leadership team. I am confident he will make a direct and beneficial impact on our business and to our growing customer base worldwide.”

Caldarella brings more than 20 years of experience in product development and management, vision and strategic expertise in both payment processing and point of sale manufacturing to his new position at Veracity. Most recently, Caldarella held the position of Senior Technical Systems Analyst at VeriFone. Prior to that, he worked as the director of product management for 14 years at Global Payments.


About Veracity Payment Solutions
Veracity is a merchant acquirer and provider of payment transaction processing services, related software applications and other value-added products to primarily small and medium sized merchants. The Company’s vision is to devise and deliver emerging payment solutions that have traditionally been available to only larger financial institutions and businesses. As of January 2012, Veracity processes $2 billion of payment volume annually for over 15,000 merchants. For more information, please visit

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Emily Held
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