DENVER, CO – November 13, 2012 – PaySimple, the leading provider of cloud-based automated payments and receivables solutions for small businesses, announced today that it has appointed CEO of ShopRunner and former PayPal president Scott Thompson to the company’s Board of Directors.
“I am extremely impressed with PaySimple’s management team. They’ve had tremendous success in developing and distributing turnkey solutions for small- and mid-sized businesses to automate key financial functions,” said Scott Thompson. “I’m excited to work closely with this proven, energetic team to help them scale successfully through a significant growth phase.”
Thompson is the CEO of ShopRunner, which enables SMBs to deliver premium shopping services to their customers. Prior to joining Shoprunner, he served as CEO of Yahoo and as President of PayPal, with overall responsibility for establishing that company as the leading global online payment service. PayPal’s revenues grew four-fold under his leadership. Prior to PayPal, Mr. Thompson was Executive Vice President of Technology Solutions at Inovant, a subsidiary of Visa formed to oversee global technology for the organization.
“Scott will be a huge asset to PaySimple and to our engaged Board of Directors,” said Eric Remer, PaySimple’s CEO. “He is an ideal fit with our company culture and values, and his expertise across our sector and within our target SMB market will be invaluable.”