An Interview with Royal Cole, EVP, Head of North American Region at Worldpay
Recently, PaymentWeek had the opportunity to receive a few statements from Royal Cole about the recent merger between Vantiv and Worldpay.
Why is this merger a good thing for both Vantiv and Worldpay?
Worldpay and Vantiv fit together extremely well. Both offer each other complementary technology, geographic reach and vertical expertise that will help accelerate growth and tackle new business opportunities that we couldn’t have separately. Our two companies have had similar journeys and cultures, and together, we’ve created the world’s leading omni-commerce payments provider. Our clients, employees and leadership teams are all excited about what the future holds under the new Worldpay.
What is next in bringing these two companies together?
Last year, we put together a comprehensive plan to integrate Vantiv and Worldpay seamlessly. We mobilized joint teams from both companies and across multiple business areas to collaborate and create solid plans for this transition that are now being executed. Our team also designed the operating model for the new Worldpay that included our new organization structure and key processes to ensure a unified company on day one.
What should your current customers expect?
Together, our companies will remain focused on delivering value to our clients and their business. We believe that the combined company will offer an even more compelling value proposition for our customers. We are now better positioned to help our global merchants with their international, local and alternative payments.
What does the combination of the two companies mean for your integrated payments offerings?
The new Worldpay will be the leading payments provider globally – powering new levels of global integrated omni-commerce. As the number one payments provider in the U.S., U.K. and globally, our unmatched integrated technology platform will support merchants’ online, offline and mobile transactions. Additionally, the combination of Vantiv and Worldpay’s unique expertise presents strong global growth opportunities especially into new markets. Because of the merger, we now have a unique and powerful platform to expand integrated payments internationally.
About Royal Cole
Royal was appointed Executive Vice President, Head of the North American Region at Worldpay in January 2018. Prior to that, he was responsible for two of the largest business units in Vantiv, including Merchant Services and Financial Institution Services. He joined the company in March 2010 from Western Union where he was Executive Vice President and General Manager, overseeing day-to-day operations and was responsible for strategic development of the Global Payment Services Group. While at Western Union, Royal also led the North American Distribution Network organization.