Eric Cotton named to the Central Payments Board of Directors.
SIOUX FALLS, S.D., May 15, 2025 /PRNewswire-PRWeb/ -- Eric Cotton was recently named to the Central Payments Board of Directors. Cotton brings more than 15 years of experience and industry expertise to the Board of Directors. Having been with Central Payments for more than ten years, Eric has been a driver of change for the organization. He now leads business growth and operations as the President and Chief Payments Officer.
In 2022, Central Payments emerged as an independent organization from its bank arm with the help of a private equity investment. Castle Creek Capital invested $30 million in Central Payments. Tony Scavuzzo, Chair of the Central Payments Board and Managing Principal at Castle Creek Capital attributes Central Payment's embedded finance team and its Open*CP API platform as lynch pins for the firm's initial investment and expectation for growth.
When asked about adding Cotton to the Board of Directors, Chair Scavuzzo said "Eric is a transformational leader at a time when both the industry and Central Payments alike are posed for exponential growth."
Through his 15 years of experience, Eric has gained a deep understanding of the complex payments landscape, allowing him to drive meaningful partnerships and push for operational excellence. He also played a leading role in building the Open*CP API marketplace platform, serving partners via a single-source access lane to the entire payments ecosystem.
"I am humbled for the opportunity to represent Central Payments and its partnerships at a time of pivotal change and growth," said Cotton, "With our partners at Castle Creek, we are enabled to architect, build and fully administer payments programs for a variety of use cases in card issuance, digital wallets and money movement throughout the payments ecosystem."
Cotton is a graduate of University of South Dakota with a degree in Business Administration. He lives in Sioux Falls, SD with his wife Karla and their two children.
About Central Payments:
Central Payments is a US-based payments organization built by bankers to serve the unique needs of today's financial services industry. We architect, build, and fully administer payment programs for a variety of use cases in card issuance, digital wallets, and money movement – serving banks and brands.
Media Contact
Elizabeth Gorz, VP Innovation and Strategic Communications, Central Payments, 1 (605) 370-5135, [email protected], https://central-payments.com/
SOURCE Central Payments
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