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GTCR announces appointment of Jeff Hack as Paya CEO
People - NOVEMBER 16, 2018

GTCR announces appointment of Jeff Hack as Paya CEO

by Released

GTCR, a private equity firm, has appointed Jeffrey Hack as CEO and member of the board of directors of Paya (formerly known as Sage Payment Solutions). 

Most recently, Hack was an executive vice president and management committee member at First Data Corp., a global provider of payments technology and the largest U.S. merchant processor. Hack has spent his entire career within the financial services industry, holding senior positions at Morgan Stanley Smith Barney, JP Morgan Chase & Co., and McKinsey. 

Since GTCR’s acquisition of Paya in August 2017, Paya has invested to significantly enhance its technology and offerings. Key accomplishments include launching a next-generation payments gateway, increasing the breadth and depth of its software offerings, and releasing new vertically-focused solutions to allow payments integration into customers’ day to day workflow. Also, in support of its strategy to invest in vertically-focused integrated payments, on Nov. 1, 2018, Paya acquired Stewardship Technology. Stewardship is a leading payments facilitator empowering nonprofits, faith-based organizations and educational institutions. To advance Paya’s growth efforts, GTCR has committed up to $350 million of equity capital to the platform. The company is actively pursuing other acquisition opportunities that further enhance its capabilities, scale and differentiation.

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