Allied Payment Network, Inc. (Allied), the industry’s most progressive provider of online and mobile money movement solutions to banks and credit unions, announced the promotion of Geoff Knapp to Chief Executive Officer, having served as Chief Growth Officer since November 2020. Knapp succeeds Allied founder Ralph Marcuccilli, who will move into the role of Chairman of the Board.
“Over the past 12 years, we’ve built something that’s really meaningful to the community financial institutions we serve and to the employees who helped build it,” said Marcuccilli. “Geoff’s extensive experience leading fintech organizations that are much larger than Allied make him the perfect person to help maximize the investment that both Plymouth Growth Partners and RF Investment Partners have made in Allied.”
Latest Fintech News: Euronet Worldwide and Its Ren Platform to Drive Payments Transformation Strategy at Bank Neo Commerce
Marcuccilli founded Allied in 2010, launching the company’s flagship product PicturePay®, an industry-first technology that allows users to pay a bill simply by taking a photo of it with their mobile phone. During Marcuccilli’s tenure as CEO, the company grew its number of employees from seven to almost 50 and its client base to nearly 500 community financial institutions, representing over $310 billion in assets. It also expanded its payment solutions from a single platform to an integrated real-time hub that can facilitate multiple digital payment and financial management products.
Regarding the transition, Knapp commented, “Under Ralph’s direction, Allied has thrived in an environment where most startups fail. I’m absolutely honored by the opportunity that Ralph and the Board have given me. We are extremely well-positioned and will continue executing on our vision by expanding our network and delivering innovative real-time payment capabilities to the community FIs we serve.”
Latest Fintech News: Daily Fintech Series Roundup: Top Fintech News, Analytics and Insights
Marcuccilli hired Knapp in 2020 to capitalize on his 20+ years of success in improving growth, profitability, and efficiency at various fintech companies. Before joining Allied, Knapp was General Manager of the Payments Division at 2checkout (acquired by Verifone in 2020). He also held various leadership positions with CheckFree (acquired by FISV in 2007). He is a graduate of Florida State University and holds a Master of Business Administration from the Goizueta Business School at Emory University.
Latest Fintech News: Highnote Expands Platform Capabilities by Certifying with Visa’s Fleet Payments Solutions
[To share your insights with us, please write to sghosh@martechseries.com]
