Thursday, March 12, 2020
In advance of Transact 2020, the Electronic Transactions Association's annual tradeshow coming up April 27 to 30 in Las Vegas, the payments industry's leading trade organization inaugurated the third annual class of Forty Under 40 honorees. Begun in 2018, the Forty Under 40 initiative recognizes young leaders and game changers in the payments technology industry, the ETA stated.
The ETA, which represents 500 payment and technology companies globally, noted that its 2020 Forty Under 40 class is sponsored by Discover Global Network and includes people whose actions and leadership are driving the industry forward and moving the world toward smart, secure and frictionless commerce.
“The payments industry has experienced momentous changes over the past 30 years, and the ongoing evolution of the industry is represented by the diversity of the 2020 ETA Forty Under 40 class," said Jodie Kelley, CEO of the ETA. "Each of these honorees has made significant contributions to the industry through their entrepreneurship, leadership and innovation.”
Michael Nardy, who founded Electronic Payments 20 years ago while a student at Boston College, is among the industry leaders in this year's class. Today the company employs over 150 full-time staff, partners with more than 900 sales agents across the country, and processes over $13 billion in annual transaction volume. Electronic Payments is now the 19th largest transaction processor in the United States without private equity or venture capital investments.
“I’m honored to be part of an industry that is led by such talented, innovative business professionals,” Nardy said. “Many significant relationships in my life, including lifelong friends, colleagues, and mentors, are with people I’ve met through the ETA and at TRANSACT. I’m passionate about this industry and committed to making positive contributions in the years to come.”
Nardy further noted that his company is "developing relevant, accessible, and affordable payment technologies that make a genuine difference—and bring greater value—to both our sales agents and merchants. Every day, I get to collaborate with a skilled team who works diligently toward our common goals. This recognition is shared with them.”
The ETA solicited nominations from across the payments industry, seeking talented payments executives under 40. The final group was selected by the previous honorees and the ETA Awards and Recognition committee based on the nominees’ impact on the payments industry and their professional character.
The full list of the ETA's Forty Under 40 honorees follows:
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