WALNUT CREEK, Calif. -- (BUSINESS WIRE) -- YapStone, a leading global provider of web and mobile payment solutions, today announced four key senior hires. The company named John Malnar as Vice President and Chief Financial Officer, David Weiss as Vice President of Corporate Development, Alida Rincon as Vice President of Legal and Compliance and Wendy Roberts as Vice President of Risk. The four executives will help with YapStone’s continued accelerated growth in the online and mobile payments space, which has seen an increase of 35% in annual revenue over ten years. The company projects growth of 40% in 2014.
“We’re pleased to welcome John, David, Alida and Wendy to YapStone’s management team. They bring to us highly relevant experience in each of their respective areas,” said Tom Villante, Chairman & CEO, YapStone. “YapStone is experiencing dramatic domestic and European growth, with 90 new employees hired this year alone across engineering, product development and marketing, from such companies as eBay, Yahoo, Google, PayPal and Square. We will continue to expand our platform to help consumers simplify how they pay for everyday expenses.”
In his new role, John Malnar is responsible for managing financial operations, business analytics, budgeting and capital structure. Malnar joins YapStone from PayPros, which was acquired by Global Payments Inc., where he most recently served as Chief Financial Officer. During his tenure with PayPros, Malnar developed and drove ROI-based decisioning and analytics across the organization. Prior to joining PayPros, Malnar spent more than ten years at Focus Strategies, BlackRock, Merrill Lynch and JP Morgan.
As Vice President of Corporate Development, David Weiss is responsible for YapStone’s corporate development activities focusing on strategic planning, acquisitions and driving revenue growth globally. Prior to joining YapStone, Weiss spent 22 years in investment banking, mostly at Citigroup, where he specialized in M&A as well as public and private equity and debt offerings.
As Vice President of Legal and Compliance, Alida Rincon is responsible for overseeing the company’s legal team and compliance group. Prior to YapStone, Rincon headed various domestic and international legal teams, and oversaw significant global legal initiatives at eBay.
In her new role as Vice President of Risk, Wendy Roberts is responsible for YapStone’s risk function, including both fraud and credit risk as well as chargeback operations. Roberts joins YapStone from PayPal, where she held a variety of leadership roles in risk, user protections and operations.
YapStone powers a global web-based and mobile payments platform that is changing the way the world pays. Processing over $10B in payments annually, the company’s platform powers online marketplaces, including HomeAway™ and VRBO™, and provides end-to-end transaction solutions for third-party developers. Additionally, through its own payment solutions, RentPayment and ParishPay™, YapStone simplifies how people pay for everyday expenses including rent and charitable donations. Founded in 1999, YapStone has offices in San Francisco Bay; Santa Monica, CA; and Drogheda, Ireland. In 2011, Accel Partners and Meritech Capital Partners made a minority investment of $50 million in the company. In 2013, YapStone was named to Forbes’ List of America’s 100 Most Promising Companies and has been named to the Inc. 5000 List of America’s Fastest Growing Private Companies for seven consecutive years.