FINTECH Start Up Veteran Joins Rate Reset as Chief Executive Officer

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Ben Psillas Named CEO of Loan Reset, Acquisition and Retention Software Company

Rate Reset (formely Mortgage Harmony), the provider of Loan Reset, Acquistion and Retention Software, announced today that Ben Psillas, Founder and former President of Allpoint Network and Executive Vice President of Cardtronics (NASDAQ: CATM), has joined Rate Reset as their CEO.

Ben joins Rate Reset after building Allpoint Network from a national surcharge-free ATM network of 23,000 ATMs into the world’s largest, comprised of 55,000 ATMs at leading retailers spanning three continents. In addition, he grew the number of financial institution members from under 30 in the first year of operation to over 1,200, representing over 60 million cardholders.

Ben will be responsible for Rate Reset’s overall strategy and will be charged with growing the number of financial institution members and consumers using Rate Reset’s unique reset technology. “Joining a start-up in the financial technology sector was of great interest to me,” said Ben Psillas, “so when the founders of Rate Reset approached me about being their CEO, I jumped at the opportunity. One of the primary reasons I joined the Rate Reset team was that while the products offered by Rate Reset and Allpoint were different, the execution of the business model was very similar, so I knew I could leverage my experience and track record to make an immediate and lasting impact on Rate Reset’s success.”

“We are excited that Ben has accepted the chief executive officer role at Rate Reset,” said Keith Kelly, Co-Founder and President of Rate Reset. “As we enter the next phase of growth, the time is right to bring in a seasoned executive with Fintech experience and a proven track record of building successful companies.”

“We welcome Ben’s experience and leadership to Rate Reset,” said Richard Spires, Rate Reset board member. “His results-oriented approach and his ability to think strategically will play a pivotal role in expanding our market penetration and increasing revenue.”

Rate Reset’s loan feature empowers borrowers to reset their mortgage or auto loan in seconds on a secure, customized website with a few clicks of a button and an e-Signature and without the cost and hassle associated with refinancing. For financial institutions, Rate Reset’s Loan Retention Software automates loan retention, thereby eliminating back office cost typically associated with refinancing, which frees time for financial institutions to focus on new business.

About Rate Reset:
Named by American Banker’s Bank Technology News (BTN) "One of the Top Ten Technology Companies to Watch" in 2013, Rate Reset provides innovative Loan Acquisition, Retention and Reset Software (LRS™) to banks, credit unions and mortgage companies. The company’s software provides a borrower-initiated interest rate-resetting loan feature that is an alternative to the traditional refinance for both mortgages and auto loans. For more information on Rate Reset, visit http://www.RateReset.com.

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Robert Catalanotto
Rate Reset
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