|[March 07, 2012]
Gary T. Staub Joins Sterling Payment Technologies
TAMPA, Fla. --(Business Wire)--
Sterling Payment Technologies' President and CEO Paul Hunter today
announced that Gary T. Staub has joined Sterling as Chief Sales and
Marketing Officer. Founded in 2001, Sterling Payment Technologies is one
of the most innovative, customer-focused processors in the electronic
payment industry today.
Gary Staub (Photo: Business Wire)
"Gary will bring his extensive knowledge of the industry, as well as his
keen marketing and sales skills, to help set the course for Sterling's
next level of growth," said Hunter. "He will direct a diverse team as
well as spearhead our direct and third party initiatives while helping
our company continue our commitment to product innovation. I know he is
up for the challenge."
Mr. Staub's areas of expertise include executive leadership, new
business development, mergers and acquisitions, startups, product
innovation and international expansion. He helped build and manage
several of the leading payment processing companies in the United
States, and has developed and launched new product innovations within
the debit and credit card industry.
"With Sterling's broad knowledge of the marketplace, its innovative
payment solutions, and its growing team of sales executives, developers,
resellers and support staff dedicated to outstanding service, I'm proud
to be a part of the Sterling team," Mr. Staub said. "Sterling is
definitely one of the key payment processors to watch in the industry
Mr. Staub comes to Sterling from GTS Consulting, a Dallas-based company
he founded to provide consulting services to private equity firms and
electronic funds transfer (EFT) companies i the payment industry. GTS
Consulting focused on acquisitions, business development, strategic
planning, and product and market evaluations of new payment services.
The scope of projects ranged from supporting acquisitions to developing
multi-million dollar revenue-generating and profit-improvement programs.
Prior to founding GTS Consulting, Mr. Staub was executive vice president
and manager of strategic initiatives for Elan Financial Services, a
wholly owned subsidiary of U.S. Bank. Elan's products and services
support over 2,000 clients representing over 3 billion annual EFT
transactions. Mr. Staub's responsibilities for Elan included
acquisitions, processing partnerships, as well as managing international
Mr. Staub joined U.S. Bank from Genpass, Inc., where he served as
executive vice president and chief marketing officer of its ATM and card
business line. Under Mr. Staub's leadership, Genpass achieved the rank
of second largest independent ATM processor in the U.S., as well as
leader in processing for FSA medical benefit transactions.
Previously, Mr. Staub worked for Paymentech, a merchant acquiring and
e-commerce company, where he was group executive for business
development. At Paymentech, Mr. Staub was responsible for all sales
activities and strategic initiatives for the largest merchant processor
in the United States.
Mr. Staub was also a founding officer and executive vice president of
Gensar Holdings, a transaction processing company. At Gensar, Mr. Staub
played a key role in acquiring new business and new companies, as well
as served as chief executive officer for the company's merchant
processing subsidiary, FirstNet, Inc. In just four years, Gensar grew
from a medium sized company to one of the largest independent point of
sale processors in the United States.
At the start of his career in the payments industry, Mr. Staub joined
Mellon Bank, where he was business manager for Mellon's merchant
processing and network services businesses. At Mellon, he engineered a
turnaround strategy that eventually led the bank to become a gateway
processor serving major financial institutions and processors across the
Mr. Staub received his Bachelor degree in Economics and a Masters degree
in Business Administration from the University of Pittsburgh Katz School
of Business. He is also a graduate of the Stonier School of Banking at
the University of Delaware.
About Sterling Payment Technologies - Fast, Affordable, Secure
Processing for Business
Founded in 2001, Sterling Payment Technologies is one of the most
innovative, customer-focused payment processors in the electronic
payment industry today. Sterling is nationally recognized for bringing
the latest payment technology, products and services to businesses of
all types and sizes quickly, affordably and securely.
Sterling processes payment transactions for all major credit, debit and
fleet card networks, including Visa, MasterCard (News - Alert), Discover and American
Express. Sterling provides merchants with a complete range of electronic
payment services, including credit, debit, PIN debit, fleet, gift card,
proprietary rewards and loyalty programs, electronic benefits transfer
(EBT), proprietary web-based reporting for electronic cash registers,
and check authorization and conversion.
Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50195623&lang=en
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