Sage Amps Up Growth Plan: Well-Known Industry Veteran Tapped as CEO

by PaymentsJournal 0

Sage Payment Solutions
Joe Kaplan takes the helm of payment processing market leader, looks to grow company’s depth of offerings

 ATLANTA – October 23, 2017 — Sage Payment Solutions, a leading provider of payment processing and merchant acquiring solutions in North America, today announced that Joe Kaplan has taken the helm as the company’s CEO. Kaplan, a highly regarded veteran of the bankcard industry, aims to magnify the company’s growth strategy through innovative partnerships and purposeful capabilities acquisitions designed to enhance Sage Payment Solutions’ market position.

Kaplan has been a leader in the global payments and finance industries for more than two decades. He previously held positions as the founder of Superior Financial Group, a nationwide SBA lender; president of Innovative Merchant Solutions, an Intuit company; and president and CEO of Superior Bankcard Service. Kaplan also co-founded and served as president of Consumer Fraud Protection, a credit monitoring protection service.

“I am thrilled to be taking on this role at Sage Payment Solutions. The company is primed to execute a rocket-trajectory growth plan and the team already in place is second to none. Be prepared to see great things coming from Sage,” says Kaplan.

Kaplan has received numerous awards during his notable career, including the Arthur Andersen Award for Best Business Practices in Customer Satisfaction, which acknowledged his innovative approach to customer service, the 1998 Ernst and Young Entrepreneur of the Year Award, and the U.S. Chamber of Commerce Blue Chip Enterprise Award.

“Joe is a highly accomplished industry veteran, and we are extremely excited to partner with him on this transformational growth opportunity,” said Collin Roche, Managing Director at GTCR. “Joe is a strong leader with a proven track record, and we look forward to working with him to execute his vision for SPS.”

Aaron Cohen, Managing Director at GTCR, continued, “Joe’s unique payments experience, including his time spent building the highly successful payments division at Intuit, makes him the ideal executive to lead SPS. GTCR will work closely with Joe and his team to execute his strategy for the business and make investments to offer SPS’s customers best-in-class payments technology solutions.”

A graduate of University of California, Los Angeles and Whittier Law School, Kaplan currently resides in Southern California with his wife/kids. Kaplan also is a current member of the Board of Directors for the Electronic Transaction Association and is on the Advisory Board for several major brands such as Verifone and Discover Card.

About Sage Payment Solutions

Sage Payment Solutions (“SPS”) provides business technology solutions to global small and medium sized companies, in every industry, that enables businesses to get paid, make payments and manage their money—simply and securely. SPS’ comprehensive suite of products and services deliver easy to use technology for every stage of a client’s lifecycle. For more than 20 years, SPS has been dedicated to the success of its clients, providing a seamless connection with, and between, business applications; offering valuable business insights that enable clients to run their businesses smarter, so they can run their businesses better. For more information, please visit  www.sage.com/us/payment-processing.