iPayment Holdings, Inc., a trusted provider of payment and processing solutions for small and medium-sized businesses (SMBs), announced that O.B. Rawls IV has been named Chief Executive Officer (CEO) and President of iPayment. He will also serve on iPayment's Board of Directors. Mr. Rawls' appointment was unanimously approved by the Board of Directors.
Mr. Rawls joined iPayment in April of this year after more than 30 years of executive leadership in and around payments and financial services. Most recently he served as Senior Vice President and General Manager, Partner Solutions, with First Data Corporation. His extensive experience also includes senior leadership roles with Hypercom, Caredata, Unified Merchant Services, and Bank of America.
"An organization focused on partnerships and delivering value based solutions to the SMB marketplace, iPayment is well positioned for continued and accelerated growth," said Rawls. "As we prepare for a new year, our team is committed to expanding our partner base, adding incremental value through operational efficiencies, new technologies and products and services, and improving our balance sheet and long-term financial stability. It's going to be a very exciting year and I am thrilled to be at the helm, leading this incredible team."