Payment technology provider Zooz today announced that Chester Ritchie has joined the company’s executive management team as EVP of Sales & Business Development for the U.S. A payments industry veteran with 20 years experience, he will lead the sales team in Zooz’s drive for new markets, new customers and heightened revenue levels.
“We feel we have the potential to construct major, lasting changes with our solution, and Chester has the perfect background to help us succeed,” said Oren Levy, CEO, Zooz. “We look forward to working with him to expand our U.S. presence and customer base.”
Mr. Ritchie most recently served as Head of Business Development for Worldpay, where he helped lead the company’s transition into a payments technology company, ultimately resulting in the largest multi-billion dollar IPO on the London Stock Exchange in 2015. He previously worked for CAM Commerce Solutions, creating the market leading point-of-sale software Retail STAR and X-Charge credit card processing software (later sold to Global Payments for over $400M). During his tenure, CAM experienced a stock (NASDAQ) appreciation of over 1,800%.
In today’s age of global commerce, relying on a single payments provider can lead to steep international credit card fees and inflated decline rates. However, integrating with multiple solutions has always been difficult, expensive and time-consuming. The Zooz platform overcomes these obstacles by connecting merchants to multiple financial and technological entities and payment methods, and Smart Routing™ each payment to the most appropriate provider for that transaction. Zooz’s merchant customers also benefit from its Insights offering, which provides intelligent analysis based on customer transactional data.
“Smart Routing is a technological breakthrough in harnessing complex global payments, enabling merchants to accept more payment types and enjoy low-cost routing, fraud detection and increased approvals while utilizing their existing payment infrastructure,” said Chester Ritchie. “I very much look forward to introducing this innovative solution to a larger U.S. market.”
As a long time FinTech industry advocate, Mr. Ritchie is a regular speaker, author, and board member of many industry events and associations, including the ETA, WSAA, SEAA, MWAA, Money2020 and others. He holds an MBA and resides in California with his family, where he will work from Zooz’s San Francisco U.S. headquarters.
Contributed | what does this mean?