Paythru appoints John Shackleton to board of directors
Paythru said that Shackleton will help the company to exploit growth in the m-commerce market as it looks to expand around the world.
As CEO and President of OpenText, Shackleton grew the company revenues from $60 million to $1.2 billion and increased the stock price from $6 to over $60. He also made a significant contribution during his tenure as Vice President of Professional Services for the Central US and South America at Sybase Inc.
In addition to his roles at OpenText and Sybase Inc, Shackleton was Vice President of Professional Services at Oracle, President of the Platinum Solutions Division of Platinum Technologies from July 1996 to July 1998, Vice President of Worldwide Consulting at View Star Corporation and during the last 5 years served as director of BioWisdom Ltd.
"Mobile payments is a hot space," Shackleton said. "But just being there isn’t a guarantee of success. The winners will focus on providing the best customer experience and, in the case of mobile payments that means minimal disruption to the consumers’ behaviour. Paythru get that. Most products that are currently available in the m-commerce market are, quite frankly, annoying from a user perspective. Often they tie people into one operator, limit the geography and enforce payment caps. Paythru is ubiquitous and secure, allowing the customer to use it how they want to, and can be used for any payment value, which is key to moving m-commerce forward. This is why I have selected Paythru as a company that I want to invest in and contribute as a Director."
From his experience in Business Intelligence (B.I.) and Business Process Management (BPM), Shackleton sees mobile payments as a natural evolution. "Currently you can find your nearest restaurant, look at the menu, contact them and even order using your mobile phone,” Shackleton continued. "It makes sense therefore that you should also be able to pay, and I don’t mean by tapping your phone in the restaurant, I mean by being truly mobile and not having to rely on the customer being present."
"We feel privileged that John has singled Paythru out as a company he would like to invest in and work with,” added Keith Brown, Co-Founder and Managing Director for Paythru. "We are now at the tipping point of mainstream m-commerce. There is potential for huge growth in this market, and as a Member of the Board, John will use his vast experience to help the management team maintain its focus on customer usability while managing the company’s rapid growth. John will also be able to leverage his experience in Central and Latin America to help us build our presence there."
The Retail Bulletin's Retail Payments Summit, 19th June 2013 will help retailers keep pace with the changing face of retail payments and customer convenience across cash, cards, mobile, contactless and NFC. Click here for more details and registration.
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