CardReady Appoints Geoff Gray as Director of Operations

Geoff Gray has been appointed the Director of Operations at CardReady bringing significant industry experience to the company's already robust management team.

Los Angeles, CA, May 24, 2010 --( CardReady today announced the appointment of Geoff Gray as the ISO’s new Director of Operations. With over 11 years of industry experience, Gray will oversee all of CardReady’s internal operations and lead the company’s risk management, underwriting, and compliance departments.

Grey began his career as a Special Investigations Unit Investigator with First Data Corporation and moved on to hold senior management positions at Terminal Velocity Processing (TVP), Electronic Clearing House, Inc. (ECHO), Verifi, Inc., RiskPro Consulting, and Group ISO, Inc.

“Geoff’s ample experience will be critically important to our growth as we continue to expand from a boutique to a Super ISO,” said Jim Berland, President of CardReady. “The extent of Geoff’s expertise in managing large operations and facilitating new customer enterprises will help us continue to focus on offering the highest levels of service to both our customers and sales partners.”

Prior to CardReady, Gray held the position of Underwriting Manager at Group ISO, where he helped reduce company losses by 42% during his tenure. He has exceptional knowledge in operational risk management with a focus on Internet businesses, and is accomplished in the early detection and education of recruit fraud, a fraud trend that’s prominent today. Gray also currently serves as the Vice President of the Merchant Acquirers’ Committee’s (MAC) Western Region and is an active board member with the Southern California Chapter of the International Association of Financial Crimes Investigators (IAFCI).

CardReady’s dedication to growth and efficiency, demonstrated by this hire is a testament both to its current sales partners and merchant clients as well as to new agents and merchants looking for a healthy and forward thinking processing partner. For more information please visit

About CardReady

CardReady was formed in 1998 by bank card industry leaders as a technologically superior merchant processor providing a turnkey solution for merchants and their electronic payment needs. By the year 2003, CardReady was experiencing extraordinary growth. In both 2003 and 2004, CardReady was ranked either first or second in the annual Nilson report of the fastest growing U.S. companies with an average annual growth of 900%. CardReady is guided by CEO Brandon Becker, who over the past 10 years has founded public companies in the technology and payments industry reaching a combined public market valuation of over $480mm. CardReady is a division of Evolution Payment Systems a registered ISO/MSP of The Bancorp Bank, Wilmington, DE.

Drew Padnick