Two Ideas to Protect and Strengthen the U.S. Financial System
The U.S. financial system has an unrivaled history of resilience and creativity. Banks, credit unions and other financial institutions, supported...
Gary Palmer is the founder and CEO of Payall Payment Systems – the company has built first-ever end-to-end infrastructure for the cross-border ecosystem with breakthrough software for originating institutions, correspondent banks, central banks, payment networks and others. The mission of Payall is to enable cross-border payments through financial institutions that are safe, efficient (fast and low cost), transparent and inclusive.
Gary’s career in banktech, regtech and Fintech began in 1996 when he co-founded WildCard Systems, the first-ever Visa and Mastercard prepaid card issuing platform and some have called the “first Fintech”. EFunds acquired WildCard Systems in 2005 for $262 million. After the sale to Efunds Gary was EVP of global strategic business development, reporting to the Chairman and CEO. Gary was on the executive team that sold Efunds to Fidelity National Information Services (NYSE: FIS) for $1.8 billion in 2007 – double the value of Efunds from the WildCard purchase.
Gary also co-founded and provided funding to Adaptive Payments in 2010 which pioneered 24x7 real-time payments between banks across the PIN debit or EFT networks. Mastercard acquired Adaptive Payments in 2015 and the company’s tech became the foundation for Mastercard Send.
In 2005 Gary became an Industry Advisor to the Philadelphia Federal Reserve Bank and continues to serve the Fed. Also, in 2010 Gary received the prestigious Prepaid Industry Achievement Award and he’s an inventor (U.S. patent 9,183,549 issued Nov 10, 2015) for a system and method of secure payment transactions.
The U.S. financial system has an unrivaled history of resilience and creativity. Banks, credit unions and other financial institutions, supported...
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