Payvision
, the Amsterdam based international transaction payment processing service provider has announced a slew of changes made to its senior level leadership and management team in its latest announcement. It should be noted that this is first such major change that takes place after then firm was acquired by Amsterdam based multinational banking and financial services provider ING Group in March earlier this year. According to the statement released by the firm, ING has appointed Mr. Andre Valkenburg to serve as its new Chief Executive Officer and this move came into effect from May 1st, 2020. Mr. Corne Van Der Meijden will continue to serve in his role as the firm’s Chief Financial officer while further strengthening his position as the confirmed statutory member of the firm’s management board.
At the same time, Mr. Rudolf Booker, Gijs Op De Weegh & Cheng Liem Li stepped down from their respective roles in management board and parted ways with payment processing service provider on 30th April, 2020 as agreed upon during the acquisition by ING fulfilling their duties during the transition period. Mr. Booker and Mr. Weegh together established Payvision in 2002 and Mr. Weeg took on the role of Chief Operation Officer while Mr. Cheng Liem Li served as its Chief Commercial Officer. The firm was acquired by ING group as part of its plans to support the expansion of the bank’s merchant services for business clients, particularly in fast-growing e-commerce segment. ING also mentioned in its report that this move is a part of investment it made in-line with its ING Think Forward Strategy to facilitate its clients with benefits from payvision’s omnichannel payments platform.
The newly appointed Chief Executive Officer who joined the firm earlier this month is an entrepreneur and a veteran with more than two decades of experience in the payments industry and has served in numerous senior level management roles under industry leading financial service providers. Aside from his current role as CEO of Payvision, he also continues to serve as a Payment specialist in Nian Consultancy – a role he has held since September of 2006 according to his LinkedIn profile. Prior to that, he served as CSO at Geldmaat for one and a half years and as CEO of Buckaroo Online Payment Services for three and a half years before joining Geldmaat. Some of his other notable roles include – Managing Director at The Saints, Managing Partner at Syllion, CEO of Doc Data Payments, Vice President of Account Management – Bibit Global Payment Services at Royal Bank of Scotland and Managing Director of Money Box.
Commenting on appointment of new CEO, Mark Buitenhek – Chairman of Payvision’s supervisory board said “We are extremely pleased to welcome Andre to the management board of Payvision as our new CEO. He brings a deep expertise in payments solutions, together with broad experience in business operations. I am confident that we will benefit from Andre’s insights as we continue to deliver value for our clients. Together with Corné he will further build on Payvision’s omnichannel strategy and strengthen Payvision’s position as the center of excellence for merchant services at ING”.
Speaking about his new role at the firm, Mr. Andre Valkenburg said “I am proud to be entrusted with leading Payvision into its next phase of growth as a global payments service provider, and I look forward to working with the professional and entrepreneurial people at Payvision. The company’s integration with ING’s business strategy, combined with the cutting-edge digital capabilities, creates the promise of unbeatable value for our merchants, partners and shareholders”.
