[March 07, 2012]

Gary T. Staub Joins Sterling Payment Technologies

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 right now."

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 growth initiatives.

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 country.

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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