InterPayments Welcomes Roger Hochschild to Board of Directors
InterPayments Welcomes Former Discover Financial Services CEO
InterPayments, a leading name in compliant managed surcharge solutions, has made a significant move by appointing Roger Hochschild, the former CEO and president of Discover Financial Services, to its board of directors. This strategic decision aligns with InterPayments’ mission to assist merchants in effectively managing their acceptance costs through collaboration with U.S. banks, payment processors, and software platforms.
Strategic Appointment to Enhance Merchant Support
In expressing their excitement about this appointment, InterPayments CEO Nagendra Jayanty stated, "We are honored to welcome Roger and his unparalleled experience and insight into the fee recovery landscape he brings to the table." Hochschild’s expertise will help InterPayments fulfill the increasing demand for managed surcharge solutions, thereby amplifying the company’s commitment to supporting businesses.
Expertise and Experience of Roger Hochschild
Hochschild’s journey in the payments industry spans over 35 years, including an extensive 25-year tenure at Discover. His previous roles, including chief administrative and strategic officer at Morgan Stanley, equip him with a wealth of knowledge pertinent to the current challenges faced by merchants and payment systems. Hochschild has interacted with a variety of partners, emphasizing the importance of fee recovery solutions while navigating evolving regulations.
Empowering Merchants Through Innovative Solutions
Hochschild emphasizes, “InterPayments stands out as a unique player,” noting the company’s alignment with the goals and success of its partners. InterPayments is recognized for its robust and compliant solutions that cater to a diverse clientele, including prominent Fortune 1000 merchants and top financial institutions.
A Commitment to Compliance and Cost Savings
InterPayments has categorized itself as a “payments facilitator,” a concept that ensures the seamless operation between various payment systems and providers. The company maximizes efficiency and compliance, striving to offer genuine savings to merchants while safeguarding against any regulatory pitfalls. With its innovative technology and comprehensive advisory services, InterPayments stands at the forefront of the surcharge service industry.
Future Prospects with Hochschild on Board
With Roger Hochschild joining the board, InterPayments is set to amplify its commitment as a fintech innovator, ensuring fair and reliable services to all involved in the payments spectrum. The ambitious vision of InterPayments remains grounded in empowering its partners through exceptional compliance and service.
Frequently Asked Questions
Who was appointed to the InterPayments board?
Roger Hochschild, the former CEO of Discover Financial Services, has been appointed to the InterPayments board.
What is InterPayments known for?
InterPayments specializes in compliant managed surcharge solutions and empowers merchants to manage their processing fees effectively.
Why is Hochschild's experience significant?
His extensive background in the payments industry equips him with insights to navigate the evolving regulatory landscape and meet merchant needs.
How does InterPayments ensure compliance?
InterPayments guarantees compliance across the 70+ jurisdictions in the U.S. and Canada, protecting partners against surcharge noncompliance.
What is InterPayments' approach to merchant success?
The company focuses on aligning its objectives with merchant outcomes, providing tailored, automated surcharging programs that support business growth.
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