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Paysafe appoints Jeffry A. Beene as SVP Merchant Risk

Paysafe appoints Jeffry A. Beene as SVP Merchant Risk | Fintech Finance

Paysafe, a leading specialized payments platform, today announced the appointment of Jeffry A. Beene to the position of Senior Vice-President, Merchant Risk. In his new role, Beene reports into Chief Risk Officer Richard Swales, and has overall responsibility for leading Paysafe’s Merchant Risk function.

Beene brings to the position over 25 years’ leadership experience in risk and payments, primarily in the U.S. market. His most recent role was Vice President of Risk, Underwriting and Compliance at Talus Pay, a Dallas-headquartered payment processing company specializing in the SMB space. Beene’s previous senior risk and compliance roles span major U.S. payments businesses such as Sterling Payment Technologies (now EVO Payments), JetPay Corporation (now NCR Payments), NetSecure Payments, FrontStream Payments, and Pipeline Data Processing (now Priority Payments). 

Beene is recognized as a key influencer in the evolution of the risk discipline in the U.S. In 1997, he was a founding member of the Merchant Acquirer Committee (MAC), an organization dedicated to protecting the integrity of the payments ecosystem, and he continues to serve on its board. Beene has also been actively involved with the Electronic Transactions Association (ETA) and International Association of Financial Crimes Investigators (IAFCI).

The appointment of Beene is an important step in Paysafe’s ongoing expansion of its risk capabilities in line with its overall growth strategy. In addition to overseeing all merchant risk management globally, Beene will be responsible for monitoring risk across ISO partners, independent software vendor (ISV) partners, and distributors.

Swales said: “We’re delighted to further strengthen our team with a leader of Jeffry’s caliber and experience. We’re confident that Jeffry, a pioneer in the U.S. payments risk management space, will ensure risk and compliance play an instrumental part in helping Paysafe fulfill its vision of becoming the global leader in specialized payments.”

Commenting on his appointment, Beene said: “I’m excited to join Paysafe, a company I’ve been following closely over the last few years as it has expanded in the U.S. I’ve been impressed by the range of merchants, specialized industries, and markets Paysafe serves and its customer-focused attitude. I’m looking forward to continuing to enhance the company’s risk management processes at a merchant, partner, ISV, and distributor level.”

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