Doug Wicks Acquires Stake in Payze, Assumes CEO Position

MORGANVILLE, NJ—A former VP of Sales at CCBill, industry veteran Douglas Wicks has announced that he has acquired an equity stake in payment solutions company Payze.com, and that he will join the Payze Board and immediately assume the role of CEO. Payze was founded by industry veterans who have led the way in trusted payment systems since the late 1990s. In 2009, Joel Paulin, former CFO and COO of CCBill, LLC, and Hank Freeman, CEO and founder of SexKey, joined forces to help colleagues and friends take control of their credit card processing and merchant accounts, and shortly thereafter launched the Payze suite of software to a handful of private clients as they continued to expand the offering, solutions and alliances. “When I saw the opportunity to create a modern processing venture and work with Joel again, I jumped on it. With Hank’s experience, reputation and client perspective as well, I couldn’t be more excited to represent the entire Payze team,” said Wicks. “We’re building a better solution to help our clients reach their greatest potential…this will truly be a one-stop shop.” Based in Morganville, NJ, the company has formed unique partnerships and relationships in the banking, software and high-risk industry that have been utilized to create seamless, flexible and custom processing solutions for Payze clients. Payze currently offers individual direct merchant accounts and recommends combining them with the Payze suite of software solutions, which gives clients the unparalleled ability to maximize their throughput, control their branding, manage their support and expand their business—all at rates that beat the competition. Each Payze team member has over 13 years of experience in online and ecommerce processing and brings diverse experience and industry trust into this modern platform. “When I left CCBill over two years ago, I was not sure I would return to high-risk processing, but after seeing the solutions, team and vision for Payze, I was excited to bring my experience to the company,” said Wicks. Wicks holds a Ph. D. degree in Psychology from the University of Kansas and has been working in the mainstream online arena for the past two years. With an extensive processing background and industry knowledge, he said investing in the next great solution was the logical step to take. Wicks can be contacted at doug@payze.com or 1-855-IT-PAYZE (487-2993).