Credorax

Credorax

September 11, 2013 05:17 ET

Credorax Appoints Former Visa Senior VP, Stanley Skoglund, as New Chief Risk Officer

LONDON, UNITED KINGDOM--(Marketwired - Sept. 11, 2013) - Credorax, the smart high-tech acquirer for e-commerce and m-commerce merchants and PSPs, today announced that it has appointed Stanley Skoglund as the company's new Chief Risk Officer. In this new role, Stanley will lead Credorax's Risk Management activities including risk, fraud, legal, compliance and regulatory affairs.

Prior to joining Credorax, Stanley held senior management roles at Visa Europe, including reporting directly to the Chief Risk & Compliance Officer. While at Visa, Stanley played a critical role in developing and implementing corporate-wide strategic risk, compliance and payment system risk policies in relation to business models, payment channels and geographies. In addition, he also led three operational teams that specialised in risk management discipline, due diligence, technology risk, and compliance as well as enterprise and business risk.

"Hiring Stanley was an unequivocal choice for Credorax, as he is a payments industry icon with that unique, rare quality of understanding every angle of the business, including card schemes, merchants, service providers and technology industry aspects," said Benny Nachman, CEO of Credorax. "His extensive leadership experience in domestic and international payments and commercial, risk and compliance agendas in the payments ecosystem will play a pivotal role as we take Credorax to the next level."

"I believe my industry contributions on many levels, including in PCI and wider ecosystem risk issues, as well as having developed and implemented many of Visa Europe's risk and compliance programs will further enhance Credorax's already stellar footprint in the overall online payments industry," said Stanley Skoglund, Chief Risk Officer of Credorax. "Credorax is uniquely positioned to meet the security needs of merchants and PSPs, and I look forward in playing a crucial role in driving these initiatives and helping to push forward the overall business in the long term."

About Credorax

Credorax's Smart Acquiring solutions are based on its proprietary payment platform, ePower™, a Unified Transaction Processing & Acquiring platform built to optimise the payment and acquiring lifecycle process for multi-channel retail environments. Credorax is the first high-tech company to become a principal member of Visa and MasterCard and a PSD-licensed financial institution in Europe. For more information please visit www.credorax.com or follow on Twitter @credorax.

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