BOKU, Inc, the global leader in mobile payments, announced today that two seasoned veterans of the payments industry, Jon Prideaux, Executive Vice President for Visa, and Stuart Neal, Managing Director of International Development for Barclaycard, are joining the BOKU executive team as Chief Business Officer and Senior Vice President of Business Development, respectively.
The addition of these two executives adds nearly 40 years of experience in the payments industry to BOKU's already seasoned management team that includes former executives from Amazon, AT&T, Apple, Bank of America, GE, Google, mBlox, and Paypal.
Jon Prideaux was an early Visa Europe employee, joining the company in 1989 at a time when it had fewer employees than BOKU does now. He worked with Visa for 17 years, finally exiting as Executive Vice President, Marketing in 2006 to work with smaller, more entrepreneurial companies. During his time at Visa Europe, Jon started Visa's Internet division, was the lead executive on the introduction of Chip and PIN technology, which has become an industry standard in Europe, and served on the Board of EMVCo. Jon also introduced several new products with Visa, such as V PAY and Visa Electron. He had responsibility at various times for Risk Management, Operating Regulations and was, for seven years, the Chairman of the Compliance Committee.
Since leaving Visa, Jon served as Deputy CEO for SecureTrading, a leading UK independent Payment Service Processor. At SecureTrading, Jon doubled transaction numbers and quadrupled profitability. He then led a management buy in at Shopcreator, the ecommerce software platform; he will remain as their Chairman while serving on BOKU's executive team.
Stuart Neal joins BOKU after six years at Barclaycard, during which time he was responsible for growing their merchant acquiring division, the second largest in Europe with over 300 staff members operating in multiple countries. He is a prominent figure in the European payments market, with specific expertise in deploying innovative point of sale solutions. Stuart spearheaded the adoption of NFC at the point of sale in the United Kingdom by issuing 60,000 contactless terminals and was one of the first to launch IP terminals into the UK market. Stuart also launched a 5-year processing agreement with Heartland Payment Systems and ConocoPhillips in the United States, and continued to develop innovative payment solutions, such as a smart phone app aimed at sole proprietors.
Prior to Barclaycard, Stuart held senior commercial positions within a number of blue chip corporations including GlaxoSmithKline and Virgin Media (formerly NTL).
Both Prideaux and Neal will leverage their significant experience with global operations and payments expertise to expand operations and partnerships, and capitalize on opportunities in the growing mobile payments space.