Newtek is pleased to announce that it has attracted and retained the talent of Mr. Thomas Harkins. Mr. Harkins will be joining Newtek as Senior Vice President, Chief Credit and Risk Officer of Newtek Merchant Solutions. He has over 30 years of experience in the electronic payments industry, and brings sound management experience in credit, risk management and operations within the merchant processing and credit card arenas.
Most recently, Mr. Harkins was the Chief Strategy Officer for First Payment Services and, prior to that, he was the Chief Operating Officer at Edentify, a public start-up identity-theft company. He spent 20 years at MasterCard International in numerous management roles, mainly within security and risk management, where he started the RAMP (Risk Assessment Management Program). This program improved member profitability and decreased fraud losses at global issuers and acquirers. Mr. Harkins personally worked with over two hundred members in implementing best practices and sound risk-management procedures throughout every MasterCard region.
Barry Sloane, Chairman, President and Chief Executive Officer said, “We are thrilled to have acquired someone with such depth and breadth of experience and knowledge in the area of credit and risk for our electronic payment processing business. Given the rapidly changing environment, and the growth and proliferation of electronic payment acceptance, we believe Tom Harkins will be an excellent addition to our nationwide operation. He will report directly to Eric Turille, our recently appointed President of Newtek Merchant Solutions, and will enhance the other recent additions to our payment processing business including Randy Sagar, Mike Valerio and William Berry.”