News from the Wire

YapStone names Thusu as Chief Security Officer

Monday, July 18, 2016 — 11:45:36 (EDT)

Walnut Creek, Calif., July 18, 2016 -- YapStone, a global provider of online and mobile payment solutions for global marketplaces and large vertical markets, today announced that Arjun Thusu has joined the company as Chief Security Officer.

“We are thrilled to have Arjun on our team as we expand our payments platform to meet the needs of global marketplaces,” says Tom Villante, CEO of YapStone. “Our number one priority is to exceed security standards for our industry. With that in mind, I have been extremely focused on building a world-class management team and hiring an industry expert, such as Arjun Thusu, as our Chief Security Officer demonstrates our relentless commitment to information security on behalf of our partners."

Prior to YapStone, Thusu was the Chief Security Officer for Worldpay (Americas) where he built a world-class security team from the ground up, managed a multi-million dollar budget, and oversaw all aspects of information security. Prior to Worldpay, he held management positions at Home Depot, Internap and Dell SecureWorks.

“Growing up in India, I was on the National Swim Team, and I have maintained that competitive spirit throughout my payments career,” says Arjun Thusu. “I look forward to bringing my A-game to YapStone and leading the best security function in the payments industry.”

YapStone recently completed its annual assessment as a Payment Card Industry-Data Security Standard (PCI DSS) Level 1 Payment Gateway. The assessment was completed by Schellman & Company, a qualified Security Assessor Company (QSAC) by the PCI Security Standards Council.

For more information, please visit www.YapStone.com .

About YapStone YapStone is a global provider of online and mobile payment solutions for global marketplaces and large vertical markets. YapStone powers electronic payments for sharing economy marketplaces, such as HomeAway® and VRBO®, and thousands of apartment and vacation rental companies, homeowners’ associations, self-storage companies, hospitality establishments and non-profits. YapStone processes over $15B in payment volume annually and has been recognized on the Inc. 5000 list of Fastest-Growing Private Companies for eight consecutive years and named to the Forbes’ List of America’s Most Promising Companies in 2013 and 2015. YapStone has raised over $110 million from investors including Accel Partners, Meritech Capital and Bregal Sagemount. Headquartered in the San Francisco Bay area, YapStone has additional offices in Santa Monica, California and Ireland.

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Source: Company press release.