Paymentech, the nation’s largest processor and acquirer of bankcard transactions, has recruited Daniel J. Charron to be group executive and president of the company’s expanded e- Business Group. Charron will build upon Paymentech’s leadership in card-not- present processing by guiding product, technology and business development activities for current and future e-commerce activities. He will also spearhead company-wide solutions for retail and business-to-business Internet transactions. Charron is based in the company’s Atlanta office.
Paymentech currently processes almost half of all Internet-related point- of-sale bankcard transactions according to card industry estimates. For instance, the company manages payment authorization and settlement for four of the nation’s five largest electronic retailers (as recently ranked by the NextCard ‘eCommerce Index’) and most large Internet service providers. Paymentech’s online capabilities grew from a long-standing leadership in non- face-to-face processing for direct marketers.
“A focused management approach will sustain our dramatic electronic commerce growth and fuel new markets,” said Michael P. Duffy, Paymentech’s president and chief executive officer. “This specialized team will execute a well-defined strategy that addresses ongoing initiatives such as our expansion of enterprise-wide payment services for retail and business-to-business Internet transactions. He will also guide enterprise-wide online applications for services such as merchant enrollment, customer service and financial reporting.”
Charron’s 15-year career includes leadership accountability for strategic planning, customer service and national business development. He was previously a managing partner for marchFIRST (formerly USWEB/CKS), a leading global Internet professional services firm. Charron cultivated the vision and strategic leadership of the company’s Atlanta office. He led a team of 350 individuals in creating and growing online businesses through strategic consulting, marketing, information design, development, quality assurance, and network solutions.
Charron, a Georgia State University alumnus, is active in the Atlanta business community, focusing on Internet and e-commerce interests. He is actively involved in local start-ups Changeaddress.com, Queit.com and Hoteltools.com.
“The challenge of securing Paymentech’s top position as the e-business payment processor of choice excites me,” said Charron. “We are the central mechanism for authorizing and settling payments in an expanding and dynamic landscape. Our goal is to remain a premier infrastructure provider in this area.”
The 36-year-old Charron also brings payment processing experience. Prior to USWEB, Charron served as group vice president and corporate development executive at Total System Services, Inc., a leading credit card processor based in Columbus, Ga. There he was responsible for new products, services and business lines, and oversaw the company’s electronic commerce group.
Prior to joining Total System in 1991, Charron was a captain in the United States Army Corps of Engineers. He holds a bachelor’s degree in Civil Engineering from the United States Military Academy at West Point and a master’s degree of Business Administration from Georgia State University in Atlanta.
Dallas-based Paymentech ([www.paymentech.com]), founded in 1985, is the nation’s largest processor and acquirer of credit card transactions and the leader in Internet payments. In 1999 Paymentech processed approximately 3 billion total transactions and $93 billion in bankcard sales volume, delivering premier merchant acquiring, point-of-sale transaction processing and commercial card solutions.