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Pivotal Payments names industry veteran Mark Pyke as President

President and Chief Executive Officer Philip Fayer transitions to Chairman and CEO

PLANO, Texas, March 6, 2018 – Pivotal Payments, a leading provider of technology-driven global payment processing solutions, today announced that industry veteran Mark Pyke has joined the company as President. He will be reporting to Philip Fayer, who transitions from President and Chief Executive Officer to Chairman and CEO. Pyke will be primarily responsible for company’s revenue generating activities.

Pyke has over 25 years of payments and financial industry experience. Prior to joining Pivotal, he served as President of the Merchant Services segment at TSYS, where he and his team successfully led the company’s entry into direct acquiring through five acquisitions totaling $3 billion in value. Before that, he was President of BA Merchant Services (BAMS), a $900 million revenue subsidiary of Bank of America. He has also served as a board member of several prominent industry organizations, including the Electronic Transactions Association, the MasterCard International Operating Committee and the Visa U.S.A. Acquiring Council.

"I'm excited to welcome Mark as an integral part of our executive leadership team. His experience in multiple facets of the payments business will be an invaluable asset," said Fayer. “Mark has a proven track record of success and I look forward to working together closely in promoting our diverse solutions to our technology partners, network of resellers and merchant clients.”

"I feel honored in joining Pivotal to help it achieve its aggressive growth objectives," said Pyke. “My goal is to provide a more focused strategy for driving important revenue opportunities across Pivotal’s core distribution channels, contributing to the company’s next stage of success. But what excites me the most is working with such an innovative and passionate team.”

Pyke holds a Bachelor of Science degree from Northeastern University and a master’s in business administration from the University of Michigan.

About Pivotal Payments

Pivotal Payments is a leading provider of technology-driven, end-to-end payment processing solutions. We service the global eCommerce, SMB acquiring and integrated payments (ISV) markets, enabling a wider range of payment acceptance solutions under one innovative platform. Backed by experienced people, cutting edge technology and effective processes, we strive to create meaningful growth for our clients, partners and employees across multiple geographies and industries. As a full-fledged merchant processor for all major card brands, plus a principal member of Interac® and UnionPay International, we provide direct connectivity with the world's largest payment networks to power your success. Learn more at http://www.pivotalpayments.com or http://www.linkedin.com/company/pivotal-payments.

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