ConnexPay has moved to strengthen its senior team with the appointment of Blair Jeffery as Chief Operating Officer (COO).
Jeffery brings with him more than 20 years’ experience, having previously served as CEO at Vertical; Executive in Residence at LLR Equity Partners; and COO of Noventis from 2010 through the acquisition by WEX.
Jeffery commented on his new role as he stated: “What excited me about joining ConnexPay was the opportunity to support an already well-honed and hungry team of professionals that share a unified focus on changing the way payments are made in the verticals we participate in. I have long admired from afar the growth and trajectory of the company. ConnexPay has the most unique platform in the industry, and it is already being utilized in several very large market segments.”
He added: “I’m committed to getting in front of growth challenges before they become impediments to revenue and retention. As a team we have set our sights on building an industry-leading, world-class operational function, and now my job is to execute on that strategic journey.”
Bob Kaufman, Founder and CEO at ConnexPay, also said: “I’m excited to welcome Blair Jeffery to the ConnexPay team. His many years of payments industry experience, both acquiring and issuing, brings tremendous value to our organization, especially at this stage of our growth.
“This appointment welcomes in a new era of international growth for ConnexPay, as Blair will be instrumental in aligning our core strategic and operational functions as we continue to transform lives by simply connecting payments for our customers.”
In a recent interview with Payment Expert, Anant Patel, the firm’s President of International Markets, underlined the firm’s bright future, with a period of growth on the horizon.
Patel emphasized: “ConnexPay is the only company that brings together both sides of the payment process. In one single platform, with one contract and one reconciliation, merchants can accept incoming payments, access funds to pay out instantly, and pay suppliers.
“Composed of a team that has been in the payments industry for decades, ConnexPay was born with the belief that payments should have always been this way — in a connected fashion that avoids delays and friction imposed by traditional payments companies.”
Patel added on the most efficient way to combat fraud: “We would say that it is not only vital, but perhaps the only way that fraud can be meaningfully reduced. You cannot change what you cannot measure, and you can’t really measure the efficacy of anti-fraud activities unless you have the big picture. This can be done through carefully assembling data from dozens, even hundreds of independent silos, or it can happen natively in a single platform.
“A fully joined-up, anti-fraud ecosystem would mean companies are able to share fraud information seamlessly. For example, if a fraudster was buying goods from e-commerce sites and had them shipped to a particular address, then this address could be flagged across thousands of e-commerce sites. This is just one of the more simple examples – with machine learning working with colossal datasets drawn from multiple sectors, we could start to find the tell-tale signs of fraud in a much quicker and easier way.”
