Veracity Payment Solutions Appoints Matt Thatcher as Executive Vice President of Business Development

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Veracity Payment Solutions, a leading privately held merchant acquirer and provider of payment transaction processing services, today announced the appointment of Matt Thatcher as executive vice president of business development.

Veracity Payment Solutions, a leading privately held merchant acquirer and provider of payment transaction processing services, today announced the appointment of Matt Thatcher as executive vice president of business development. Thatcher will be responsible for the expansion and strategic planning of the company’s sales and business development organization, bank and association alliances as well as cross-border channel strategies.

“As the company continues its tremendous growth and exceptional reputation for quality products and customer service care, the global direction for cross-border opportunities will demonstrate Veracity’s technology capabilities and product innovation in multiple markets,” Thatcher said. “I look forward to working with the strong and experienced executive team leading Veracity Payment Solutions.”

“Our goal is to hire exceptional talent in every phase of the electronic payment business,” commented Joseph Cohane, chief executive officer with Veracity Payment Solutions. “Matt is a proven leader who is willing to challenge the status quo and embrace the opportunity that change brings. His vast experience with multiple cultures and processing environments will have a tremendous impact on our ability to compete on a domestic and global scale.”

With more than twenty years of experience in direct sales and channel sales management, Thatcher also worked with established startup companies in the telecommunications, storage and storage software industries. Prior to joining Veracity, Thatcher served as vice president of worldwide channel sales at Vision Solutions, Inc.

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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 http://www.veracitypayments.com.

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Emily Held
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