SOURCE: WePay

WePay

May 30, 2013 09:00 ET

WePay Hires eBay Veteran as Vice President of Risk Management

John Canfield Joins WePay on the Heels of Social Risk Engine Introduction

PALO ALTO, CA--(Marketwired - May 30, 2013) - WePay, the surprisingly simple way for small businesses to get paid online, today announced that John Canfield, formerly Senior Director of Global Fraud and Risk Management of eBay, has joined the company as Vice President of Risk Management. Canfield's appointment is critical to the future growth and success of WePay, following the company's recent announcement of Veda, a proprietary social risk engine. Veda is an intelligent tool that allows WePay to offer superior customer service, including next day merchant payments, faster signup, quicker approvals and increased fraud protection.

"Our goal in bringing John on as the VP of Risk is to leverage his expertise in risk management to make Veda a faster and more intelligent anti-fraud device," said CEO Bill Clerico. "John's innovative thinking in this area and history of creating great customer experiences is a perfect fit for WePay's culture and strategy."

During his more than seven years at eBay, PayPal's parent company, Canfield led strategic projects that significantly reduced fraud and negative user experiences for eBay Marketplaces. Canfield is also the Founder of Nimbler, a developer of mobile apps for navigating the transportation network.

"Innovative risk management, insofar as it enables amazing customer experiences, can be a powerful competitive advantage," Canfield said. "I'm excited to join a company where this is a key part of their vision -- both in enabling great experiences directly for small businesses and on partner sites that leverage WePay's API."

Prior to his work with eBay, Canfield was VP of Marketing at iHello and senior product manager at Zip2/AltaVista. Canfield has also worked as a principal software engineer at DEC and a researcher at Toshiba's lab in Kawasaki, Japan. He holds a master's and bachelor's in Electrical Engineering from MIT and an MBA from Stanford.

WePay's easy-to-use online payment tools for small businesses include a mobile application, online invoices, on-site checkout buttons, virtual terminal for charging credit cards, as well as an application programming interface (API) for partners. WePay's Veda fraud engine uses social data to assess risk and allows the ability to get our customers up and running in under a minute.

About WePay
WePay is the surprisingly simple way for small businesses to accept credit cards. WePay was founded in 2008 and is headquartered in Palo Alto, CA. For more information visit https://www.wepay.com or follow us on Twitter or Facebook.

WePay is a registered trademark of WePay, Inc. Other trademarks used belong to their respective owners.