McAlear, Potvin join Giact

Giact Systems LLC, a portfolio company of Tritium Partners, said it added two senior sales executives. Robert McAlear was hired as EVP of Sales and Marketing while Timothy Potvin was hired as SVP of Sales. Both are newly created positions.

PRESS RELEASE

Dallas, Texas – June 11, 2015 – Giact, a leading provider of payment-risk services, announced today the addition of two senior sales executives to its leadership team. Robert McAlear was hired as EVP of Sales and Marketing and Timothy Potvin was hired as SVP of Sales, both newly created positions. Mr. McAlear and Mr. Potvin each have tenured careers in helping companies combat fraud in electronic payments.

“Robert and Timothy understand the growing need for companies to prevent payment fraud without unnecessarily driving away profitable customers,” said Melissa Brown, CEO of Giact. “Often times, how companies interact with customers and manage risk at the same time creates conflicts and bad experiences. At Giact, we solve this by providing real-time, fact-based solutions that allow companies to transact with confidence – and grow their business – while maintaining a positive customer experience.”

Mr. McAlear joins Giact with over 20 years’ experience in senior management roles in global payments and risk management. He is adept at listening to customers’ payment-risk needs in order to deliver winning solutions. Prior to joining Giact, he held senior management positions at Chase Paymentech, Vantiv, Accertify, and TeleCheck.

“I’ve been fortunate to gain extensive payment-risk experience over my career at many large institutions, and I know how difficult it is to stay ahead of the curve in combating fraud,” said Mr. McAlear. “I’m delighted to find at Giact not only new and innovative solutions, but also a team and a set of solutions that finally make it easy for companies to prevent fraud and Know Your Customer without limiting growth.”

Mr. Potvin agrees, “Having held senior roles as a sales engineer at both VISA / CyberSource and American Express / Accertify, I know that Giact is a game-changer for the industry. In addition to maintaining the largest network of data with the best performance and broadest coverage, Giact is pushing the boundaries with multiple solutions that are conveniently packaged together through its powerful platform – with more to come.”

Recent additions to Giact’s services include i) real-time bank account authentication, which accesses signature data from banks and then authenticates the owners and other key data elements, and ii) funds confirmation, which confirms the dollar amount in a bank account prior to processing a payment.

“The risk solutions we are offering are necessary for any business that accepts payments,” said Merlin Bise, Co-Founder and CTO of Giact. “We are thrilled to have Robert and Timothy join us with their tenured track records as we deliver our world-class payment-risk platform.”

About Giact
Giact (www.giact.com) is a privately held company founded in 2004 by a team of experienced payments, security, and technology experts. We provide information services that prevent fraud and minimize bad debt in accepting electronic payments. We are the leading real-time and proprietary data source for payments-risk information. Customers choose us for our extensive data coverage, leading performance, and our best-in-class technology platform that makes integration easy and ensures fast and actionable reporting. We seamlessly integrate our verification, authentication, identification, and funds confirmation solutions together in order to provide an all-encompassing view of payments risk and Know Your Customer requirements. We currently service more than 1,000 customers and have secured over 1 billion transactions.