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TouchSuite Appoints Risk and Compliance Veteran Richard Parrott as EVP

TouchSuite®, a leading financial technology company powering small to mid-size businesses announced that payments veteran Richard Parrott has joined as Executive Vice President focusing on the diversification of the company.


 

TouchSuite®, a leading financial technology company powering small to mid-size businesses across a wide array of verticals, announced that payments veteran Richard Parrott has joined as Executive Vice President focusing on the diversification of the company. This is a new position for TouchSuite.

Mr. Parrott has more than 20 years of risk-management expertise in compliance and operations at ISOs, payment processors, and card brands such as Discover Card. He also has a track record of working with the FBI, Secret Service and local police agencies.

He currently serves as president of the Merchant Acquirers Association, an organization of bankcard professionals involved int he risk management side of card processing.

"Richard's extensive risk-management portfolio experience spanning private and public companies will be invaluable as we diversify and expand our core and non-core business," said TouchSuite founder and CEO Sam Zietz. "He has also been involved in three companies that worked through their sales cycle towards acquisition, which is indicative of his ability to navigate in a variety of portfolio management situations. We are fortunate to leverage his experience and expertise."

"TouchSuite is a remarkable company that is devoted to the success of small businesses. Through industry-leading and secure technology, marketing services, and other value added POS products, TouchSuite is positioned to empower SMBs to grow their businesses with the efficiencies ans scale normally available only to larger companies," said Parrott. "I believe in their mission and I'm thrilled to be part of this very talented and motivated team and to assist in this next stage of growth."

Mr. Parrott joins TouchSuite from Merchant e-Solutions, where he served as Senior Vice President of Credit and Risk. He was previously a Vice President of Risk and Underwriting in North American Bancard and a Director of Risk at Litle & Co. Mr. Parrott also held risk management positions at Planet Payment, Pay by Touch, RBS Lynk and Discover Card.

To read the full press release, please click here.

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