Mobile Payments Field Up-and-Comer PayQwick Bolsters Its Management Team
One of the best indicators of a growing market is new firms getting involved in the action, trying to stake a piece of the market for themselves. We’ve never heard from PayQwick before until just recently, when it tipped us off about movement in its C-suite, as well as some new hires in the upper echelons of its operation.
PayQwick’s primary operations deal with offering both banking and treasury solutions to small and medium sized businesses, or rather, what it refers to as “emerging” businesses. One of their biggest operations focuses on integrating supply chain operations through electronic payments, making them effectively a kind of Samsung Pay but for business-to-business operations.
Perhaps the biggest move PayQwick made was the installation of a new chief operating officer and board director in the form of Bob Craig. Craig was a team leader with several major operations, including JPMorgan, First Data, Fiserv, and even Wells Fargo.
Additionally, PayQwick brought on former HSBC vice president Priscilla Ma to serve as head of business development. Cory Kingston, former Deloitte and Touche business consultant, stepped in at head of product, and business attorney Joel Sherwin signed on as a risk and compliance officer. All three are tasked with various elements of product development and helping PayQwick scale up for its upcoming national expansion.
Craig himself commented on the additional hires, noting “Our recent strategic hires –Priscilla, Cory and Joel –are already shaping the future of our product solutions and the industry is taking notice.”
PayQwick is offering something here that will likely be a lot more welcome to those doing business with its users than with its users specifically: a means to speed up the payments and disbursal process from its current glacial level into something that actually takes the need for proper cash flow into account. Yet this is also likely to drive interest in working with companies that use PayQwick, since if a company has a choice between doing business with someone who pays their bills promptly and someone who pays them eventually, promptly will usually win out.
Still, it’s a robust new slate of operatives involved, and PayQwick may well be able to ride this wave of talent into a big new market.