Cascade adds in-house processing to its debit and prepaid card program management capabilities. Scott Louie, a processing industry veteran, to lead new processing platform.
Cascade Financial Technology Corp (“Cascade”), the Las Vegas-based issuing platform, has hired Scott Louie, a payments veteran, to head Cascade Processing. With Louie joining Cascade, the company is adding strategic vertical integration to its current card program offerings. “We are fortunate to add someone with so much experience in all aspects of processing to head Cascade Processing,” said Spencer Schmerling, CEO of Cascade. “Scott brings a new level of processing experience to Cascade, further strengthening our team of industry professionals.”
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Louie’s role as Vice President of Processing Operations is to scale Cascade’s processing services, enabling more FinTech start-ups and payments companies to utilize Cascade’s next-gen issuing platform. “I’m delighted to join Cascade during this early phase of the processing platform’s growth,” stated Louie. ” Processing will be key to our long-term growth plan, providing clients flexibility, access to outstanding customer service, and a decrease in their time to market.”
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Cascade enables clients to launch innovative and inclusive products on its robust platform. It offers a full suite of debit and prepaid card program management services, including full BSA/AML compliance, automated KYC, extensive fraud mitigation, and world-class USA-based customer service. With its processing platform, Cascade will increase the speed to bring new programs to market.
Louie is the latest hire as part of Cascade’s rapid growth, almost doubling its headcount in the first eight months of the year. Recent additions to the Operations team include Danielle Graffunder (formerly with Sunrise Banks and Urban FT) as Chief Operations Officer; Tom Rataj (formerly with Netspend and Catalina Mobile Payments) as Director of Product & Program Implementation; Brandon Aday (formerly with Univision Prepaid Card and Catalina Mobile Payments) as Director of Data Analytics; Jeannie Bauer (formerly with Sunrise Banks and Urban FT) as Senior Operations Analyst; and now Scott Louie (formerly with eCommLink, FSV, and US Bank) as VP of Processing Operations. Combined, the team has 60+ years of industry experience in card program design development, implementation, post-launch management, product innovation, data analytics, and processing.
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