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Paymentology Names Marqeta’s Jeff Parker as New CEO

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U.K. card issuer Paymentology has named Marqeta veteran Jeff Parker as its new CEO.

Parker, who stepped down as managing director of Marqeta last month, will succeed interim Co-CEOs Abe Smith and Angy Watson, Paymentology said in a news release provided to PYMNTS Tuesday (Dec. 12).

“We embarked on a thorough search for our new CEO, seeking an individual who not only embodies the core values of Paymentology’s culture but also possesses a proven record of success,” said Rowan Brewer, the company’s chairman. “Jeff emerged as the perfect fit, with his wealth of international payments experience from prominent global organizations.”

The release notes that Parker has lived and worked on four continents and has more than 20 years of experience. While at Marqeta, he oversaw the building of the company’s go-to-market and operational functions internationally and advancing the company’s offerings in crucial markets across Europe and the Asia/Pacific region.

Before Marqeta, Parker served as chief executive at payments firm World First, overseeing its international expansion and playing a key role in its sale to Ant Group, the release said. He has also held senior positions at Macquarie Bank, JP Morgan, Accenture and OFX.

“I am delighted to take on the role of CEO at Paymentology, an organization that has already created a strong global value proposition in the payments space,” Parker said. “Their rapid growth speaks volumes, and my focus will be on building Paymentology’s position as the global neo-processor of choice for fintechs, telcos, corporates and challenger banks.”

In late November, Parker announced his departure from Marqeta, where he also served as senior vice president, a little more than a year after joining the firm.

“After an action packed, fun filled 15 months, fueled by amazing growth, my time at Marqeta is coming to an end,” he wrote. “Despite my journey with Marqeta being relatively short I loved every minute.”

Parker wrote that his time with Marqeta marked his introduction to the issuer processing/card payments world, where he found “that despite what some proponents would like us to believe the world of cards is going strong and some of the future innovation opportunities are huge.”

Earlier this month, Paymentology teamed up with consumer payments platform Nelo to increase financial inclusion in Mexico.

The collaboration, announced in September, involves Paymentology supporting Nelo’s Mastercard in-person payments through Billetera de Google in Mexico, along with the launch of physical cards.

“Thanks to Paymentology, Nelo now has access to a fast and scalable infrastructure solution, enabling the smooth launch of its Tap to Pay solution through Google Wallet, along with its physical card,” the company said in a news release.

“With Paymentology’s support, Nelo can offer more people access to credit swiftly and reliably, making Nelo’s services accessible and efficient,” Paymentology said.