Former NetSpend CEO, Dan Henry, Joins Clearent Board

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Seasoned Payments Executive & Investor Will Help Steer Processor’s Growth

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I’m confident that the addition of Dan Henry to our board will help take Clearent to the next level.

Clearent, one of the fastest growing payment processing companies in the U.S., today announced that Dan Henry, an experienced and successful payments entrepreneur will be joining the company’s board of directors. Dan has built and operated two successful payments companies, both of which became publicly traded and exceeded $1 billion in market capitalization.

Most recently Dan was the CEO of NetSpend, a company whose mission is to empower consumers with the convenience, security, and freedom to be self-banked. By diversifying NetSpend’s business into different markets and increasing its focus on growing direct deposit accounts, Dan was able to triple the company’s revenue and customer base before selling it to the TSYS Corporation for $1.4 billion. Prior to joining NetSpend, Dan co-founded Euronet Worldwide, a global leader in processing secure electronic financial transactions. When Dan departed the company in 2006, Euronet’s annual revenue was in excess of $600 million and the company operated 26 offices in 23 countries.

Dan’s success in scaling payments companies will be a valuable asset as Clearent continues to grow. This year Clearent celebrates its 10th anniversary, and the company continues to leverage the benefits of its proprietary processing platform. During this timeframe Clearent’s growth has been recognized by several prestigious industry and business-related organizations. For example, Clearent was recently named the 6th fastest growing private company by the St. Louis Business Journal, and is currently ranked #41 on The Nilson Report’s list of Top Merchant Acquirers in the U.S. and #975 on the Inc. 5000 list of fastest growing private companies.

“Throughout my career I’ve been fortunate to be a part of several successful, innovative companies in the payments industry,” said Dan Henry, Clearent board member. “I’m impressed by Clearent’s unique position as an end-to-end payment processor and 100% organic growth, and am excited to help shape the company’s future.”

“At Clearent, we’ve always prided ourselves on having a world-class board of directors to help guide the company,” said Dan Geraty, CEO of Clearent. “I’m confident that the addition of Dan Henry to our board will help take Clearent to the next level.”

About Clearent
Clearent is a complete payment processor that leverages its proprietary payments platform to make doing business easier and more profitable for its sales partners. Clearent’s commitment to honesty and transparency has made it one of the most trusted companies in the payments industry. Clearent is one of the fastest-growing credit card processing companies, processing $8 billion in annual transaction volume for 25,000 businesses nationwide. To learn more, visit http://www.clearent.com or call 866.205.4721.

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Shannon Kohler
Clearent
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Ed Alba
Clearent
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