Paysign, Inc. Announces Retirement of Joan M. Herman, as Chief Operating Officer
February 24, 2021 at 05:00 pm EST
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On February 24, 2021, Paysign, Inc. announced that Ms. Joan M. Herman was retiring from her position as Chief Operating Officer of the Company, effective as of February 22, 2021 and that the board of directors of the Company had appointed Mr. Matt Lanford to succeed Ms. Herman as Chief Operating Officer. The Company also announced that the Board has named Mr. Lanford President, succeeding Mark Newcomer, who will continue in his role as Chief Executive Officer. Mr. Lanford joined Paysign in 2019 as chief product officer, bringing with him more than 30 years of payments industry experience. Mr. Lanford served as senior vice president and general manager of the financial services division of InComm Payments from 2016 to 2019, where he was responsible for the company’s consumer-facing Vanilla™ suite of products. Prior to his tenure at InComm, Mr. Lanford was with Mastercard from 2006 to 2016, where he was a vice president with the global prepaid product and solutions group and the prepaid product lead for Europe, based in London. Mr. Lanford had regional responsibility for innovation, product development, go-to-market strategy and commercialization of the Mastercard prepaid portfolio of products, in addition to senior leadership roles in product management and investor relations. Mr. Lanford was twice awarded the prestigious top spot in Europe’s Prepaid Power 10.
Paysign, Inc. is a vertically integrated provider of prepaid card products and processing services for corporate, consumer and government applications. The Companyâs payment solutions are utilized by its corporate customers as a means to increase customer loyalty, increase patient adherence rates, reduce administration costs and streamline operations. Public sector organizations can utilize its payment solutions to disburse public benefits or for internal payments. It markets its prepaid card solutions under its Paysign brand. It operates on a payments platform with cutting-edge fintech capabilities that can be seamlessly integrated with its clientsâ systems. This distinctive positioning allows it to provide end-to-end technologies that securely manage transaction processing, cardholder enrollment, value loading, account management, data and analytics, and customer service. Its suite of product offerings includes solutions for corporate rewards, prepaid gift cards and others.
PAYSIGN, INC. 
