Chief Executive Officer
For the past 15 years Jeff Foster has worked with some of the world's largest retailers and financial institutions to define, design and implement e-commerce and retail payment processing and risk management solutions.
In 1998, Jeff Foster co-founded Reston, VA-based Paymentplus, Inc., a payment gateway software company targeting large card-not-present retailers. Paymentplus' customers included Wal-Mart, Prudential Insurance, Verizon Wireless, Netflix, XO Communications and over 80 others.
In 2002, Mr. Foster and his co-founder, Matt Wixson, sold the company to Retail Decisions (ReD), a London-based, publicly held company specializing in e-commerce solutions for large retailers, telecommunications companies and financial institutions, including Google, the Royal Bank of Canada, Sears, JP Morgan Chase and FedEx. The company has offices in the US, South Africa, Australia and the UK.
After leaving ReD in 2006, Mr. Foster founded Payventures, which specializes in the implementation of acquiring and foreign exchange solutions for online merchants globally. Payventures currently processes over $100 million per month in 39 countries on behalf of it's customers, who include Ramada Plaza Resorts, Caribbean Cruise Lines, wine.com, Tracfone Wireless and over 200 others.
In 2010, Mr. Foster founded Cardplatforms, which specializes and in the design, launch, marketing, and ongoing support for pre-paid reloadable (Visa and MasterCard) debit card programs . Cardplatforms issues cards in the US, Latin America, The Caribbean, Europe and Southeast Asia.
In 2012, Mr. Foster co-founded Payteller, a pioneer in the self-service financial services kiosk business, offering best in breed products and services to maximize revenue, profit and loyalty with prepaid cellular top up, international long Distance, bill payment, card issuing, prepaid card loads, money transfer, advertising, virtual gift cards, coupons and more. .
Mr. Foster has been quoted, referenced and featured in various publications, including The Wall Street Journal, Business Week, The Financial Times, The Washington Post, The Washington Business Journal, Internet Retailer, The Nilson Report, and Credit Card Management in addition to being a sought after speaker within the payments industry. Mr. Foster has appeared as a keynote or featured speaker at more than 50 events around the world and has appeared on Bloomberg Television and ABC News.
Michael Park joined Payventures in 2011 to help the company expand its product offerings and customer service.
Mr. Park has broad business experience, having acted as general counsel and as an operating partner in a variety of successful entrepreneurial businesses. Mr. Park has acted as the primary director for legal, compliance, intellectual property and human resources divisions, helping todevelop several startup operations into successful companies.
Mr. Park is an attorney with over 20 years of experience, having represented banks, commercial lenders and borrowers, developers, and a variety of domestic and international businesses, as well as acting as general counsel for a variety of businesses, including lending, real estate, manufacturing, construction, software, and gaming industry leaders. Mr. Park has been associated with Greenberg Traurig, Zack Kosnitzky, and Stroock Stroock & Lavan.
VP of Business Development
Jennifer joined Payventures in 2009 with a strong background in customer satisfaction to oversee sales, accounts and banking relationships for the company's expansive client network. She has a vast knowledge of the design and implemenation of e-commerce solutions for merchants. Selected areas of expertise include fraud prevention; both domestic and international acquiring; payment gateway software and service, and alternative methods of payments.
Jennifer was graduated by the University of Delaware, with a Bachelor of Science degree. Following college, she began her career with Liz Claiborne International, as a merchandiser at the New York City corporate office. In 2005, she relocated to South Florida to become the Buyer at Indian Creek Country Club. Shortly after, Jennifer entered the payments field when she joined a First Data ISO, where she learned and thrived in the acquiring business.