BluePay’s Chief Product Officer Promoted to President and Chief Operating Officer
NAPERVILLE, IL (January 7, 2015) – All-in-one payment processing solutions provider, BluePay, is pleased to announce the promotion of Bala Janakiraman from Chief Product Officer to President and Chief Operating Officer effective immediately. In his new position, Janakiraman, who recently joined the BluePay team in May 2014, will take over responsibility for all company sales, technology, and operations.
“This is an exciting development for BluePay, as Bala will now apply his extensive knowledge of payment technology to execute on our product strategy, and to align all facets of the company toward our vision as the leader in software enabled payment processing,” commented John Rante, CEO at BluePay.
“I’m humbled by the opportunity to serve BluePay in my new role as President and COO,” stated Janakiraman. “We have a capable and committed senior leadership team, and I’m honored to work alongside them to grow our business.”
As Janakiraman reflected on the past seven months with BluePay, he has become greatly aware of the BluePay team’s commitment to the success of its merchants and partners. In terms of his future goals, Janakiraman said, “We also have a vast market opportunity ahead of us in integrated, software enabled payments for key verticals – B2B, Not for Profit, and Retail. Our results are strong, giving us the financial wherewithal to invest in building the newest, most efficient, end-to-end integrated payments platform in the market and to acquire companies that bring complementary solutions to our merchants and partners.”
About BluePay: BluePay is a leading provider of technology-enabled payment processing for enterprise, small, and medium-sized businesses in the United States and Canada. Through physical POS, online, mobile interfaces, and software integration, BluePay processes business-to-consumer and business-to-business payments while providing real-time settlement, reporting, and reconciliation, along with robust security features such as tokenization and point-to-point encryption. BluePay is headquartered in Naperville, Illinois, with offices in Chicago and New York. For more information, follow BluePay on Facebook, Google+, Twitter, and LinkedIn, or visit www.bluepay.com.