JetPay Payment Services bolsters risk management leadership

JetPay Payment Services has appointed Jeffry A. Beene as the company’s SVP for risk management. Beene has more than 20 years of experience within the merchant acquiring industry.

JetPay Payment Services is an end-to-end payments processing provider. Along with its sister company, JetPay Payroll Services, the company now offers a complete line of vertically integrated financial services to businesses across the country, including payment processing, payroll and tax filing, human resource management and prepaid card services.

“Jeff comes to us with a world of experience in the payments industry,” said Trent Voigt, president and CEO of JetPay Payment Services. “He is well known as a visionary and results-oriented risk and operations executive. Jeff has notable strengths at managing systematic investigations, implementation of ‘back office’ systems, loss prevention, and compliance. He smoothly integrates these talents with insuring customer satisfaction, and optimizing workflow and relationship building with other key executives of the company. We are very happy to be able to benefit from his talents.”

Prior to JetPay Payment Services, Beene spent almost nine years in executive positions, including chief compliance officer and EVP at NetSecure Payments, EVP of operations at FrontStream Payments and president and chief compliance officer at Pipeline Data Processing. Prior to these positions, he was the VP of security and compliance for Genpass Technologies Inc. and director of security at Gensar Technologies, both companies headed by JetPay Corporation’s chairman, Bipin C. Shah.

Beene is one of the founding members of the Merchant Acquirer Committee (MAC) which provides universal risk management services through ongoing communication and cooperation among acquirers and card associations. He is actively involved with the Electronic Transactions Association (ETA) served on the ETA’s risk and fraud management committee as its vice chairman, and also served on government relations, industry relations and new member committees. Beene was also active as an executive advisory board member for the International Association of Financial Crimes Investigators (IAFCI). He helped to establish the Federal Trade Commission’s Internet Investigation Training for Credit Card Industry Members program and has served on Visa USA and MasterCard International’s fraud reduction committee and counterfeit reduction committee.