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Tuesday, 18 January 2011 11:59
PayFair European payments scheme appoints new CEO
European payments scheme PayFair has appointed electronic payment expert Stephan Becker as its new CEO.

Payfair is one of the competitors (along with Monnet and EAPS) to become a third European debit card scheme as an alternative to global schemes Visa and MasterCard.

Payfair says Becker’s initial focus will be to increase the scheme’s uptake by banks within the SEPA world and continue the expansion throughout Europe and globally.

PayFair’s business model is organised around a SEPA and PSD-compliant system that it says enables it to make payments faster.

Dominique Buysschaert, founder & president of PayFair Group, commented on Becker’s appointment: “His knowledge and expertise within the international payment sector will be a real asset for our development. Our current focus is to secure issuing banks across Europe and Stephan’s expertise within this sector is a perfect fit in driving our expansion plans.”

Stephan Becker said: “With growing demands on compliance, competitiveness and security, PayFair is ideally positioned to succeed within the competitive world of electronic payments. I know how fast innovative and flexible smaller companies can react to market demands. I am looking forward to using my experience to enable PayFair to be the real European alternative to other initiatives like EAPS and Monnet whilst also challenging US schemes such as MasterCard and Visa.”

Prior to joining PayFair, Stephan has previously worked in the payment industry for firms like Pluscard, First Data and MasterCard. He also acts as an independent consultant to a number of payment service providers advising on strategic management and product development.
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