Atlanta, GA (PRWEB) October 10, 2013
Veracity Payment Solutions, a leading privately held merchant acquirer and provider of payment transaction processing services, today announced that CEO and co-founder Joseph P. Cohane is a Gold Winner for Executive of the Year in the 2013 Golden Bridge Business and Innovation Awards.
The coveted annual Golden Bridge Awards program honors the world’s best in organizational performance, products and services, innovations, executives and management teams, campaigns, and programs from throughout the world.
Since the company’s inception in 2007, Cohane has led Veracity to become one of the fastest growing acquirers in North America. Serving more than 35,000 businesses across the U.S., Veracity’s clientele also includes financial institutions with asset size ranging from $500 million upwards to $6 billion, more than 45 association relationships as well as leading point of sale software integrators.
Among the company’s founding executives, Cohane has more than 25 years of global executive-level experience in the electronic payment industry and merchant acquisitions; including operational responsibilities with some of the top leading financial institutions and merchant acquirers within the bankcard industry. Veracity Payment Solutions represents Cohane’s third start up venture including two previous successes with Elavon and Euroconex Technologies in Dublin, Ireland.
The company finished 2012 with a 30 percent year-over-year revenue increase, fueled in part by a $42 million round of funding secured in the first quarter of 2012. Veracity currently processes more than $7 billion in electronic payment volume annually.
The Golden Bridge Awards winners were honored during the fifth annual awards dinner and presentations held in San Francisco.
About Veracity Payment Solutions
Veracity Payment Solutions is a merchant acquirer and provider of payment transaction processing services, related software applications and other value-added products to businesses of all sizes and vertical markets. The Company’s vision is to devise and deliver emerging payment solutions that have traditionally been available to only larger financial institutions and businesses. Veracity Payment Solutions processes more than $7 billion in electronic payment volume annually for over 35,000 merchant locations in North America. For more information, please visit http://www.veracitypayments.com.
About the Golden Bridge Awards
Golden Bridge Awards are an annual industry and peers recognition program honoring Best Companies of all types and sizes in North America, Europe, Middle-East, Africa, Asia-Pacific, and Latin-America, Best Products, Innovations, Management and Teams, Women in Business and the Professions, and PR and Marketing Campaigns from all over the world. Learn more about The Golden Bridge Awards at http://www.goldenbridgeawards.com