Pivotal Payments has announced that Mark Pyke has joined the company as President. He will be reporting to Philip Fayer, who moves from president and chief executive officer to chairman and CEO. Pyke will be primarily responsible for company’s revenue generating activities.
Pyke has over 25 years of payments and financial industry experience. Prior to joining Pivotal, he served as president of the Merchant Services segment at TSYS, where he and his team led the company’s entry into direct acquiring through five acquisitions totalling US$3bn in value. Before that, he was president of BA Merchant Services (BAMS), a US$900m revenue subsidiary of Bank of America. He has also served as a board member of several industry organisations, including the Electronic Transactions Association, the Mastercard International Operating Committee and the Visa USA Acquiring Council.