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September 16, 2021
Country’s Fastest Growing Prepaid Card Issuer Expanding to Support Market Demand
September 16, 2021 (Sioux Falls, SD) – Central Payments, the fastest growing issuer of prepaid cards in the U.S. since 2015*, announces expansion of the leadership team with the addition of a partner success expert, technology veteran and senior counsel. In addition to these senior roles, the payments leader has nearly doubled its staff in 2021, leading to buildout of a second location in downtown Sioux Falls, SD. Founder and President Trent Sorbe attributes the company’s growth to its Open*CP Fintech API Marketplace, one of only a few banking-as-a-service (BaaS) technology platforms built by a bank and native to the cloud. “Our trajectory changed in 2019 when we took Open*CP to the marketplace. It was evident right away that our approach to ‘REAL’ BaaS resonates within fintech and embedded finance”, Sorbe said.
Among the many new staff were additions to the leadership team. Zack Bowen joins the team as Senior Vice President of Partner Success and brings ten years of experience in building strategic relationships, selling and supporting both direct clients and partners who integrate with digital banking applications, ERP, mobile wallet technology and payment solutions.
Jennifer Boone joined Central Payments as the Senior Vice President and Chief Information Officer. Boone brings over two decades of experience as a successful leader in the telecommunications industry, including account management, sales engineering, product marketing and service delivery.
Adrian Escalona Jr. joined Central Payments as Vice President and Senior Counsel after spending nearly a decade as in-house counsel in the consumer lending industry. Escalona brings well-rounded experience in regulatory compliance and vendor and partner contract drafting and negotiations.
“The entire Central Payments team embodies our commitment to ‘Be Essential’. While the team’s experience and subject matter expertise are unparalleled, we are particularly proud that 75% of our staff is female, 15% hold a graduate degree, and 10% are college interns rotating through every 3-6 months,” adds Sorbe.
About Central Payments
Central Payments is the payments subsidiary of Central Bank of Kansas City and is headquartered in Dell Rapids, South Dakota. Central Payments provides payment technology and solutions through its Open*CP Fintech API MarketplaceSM, one of the only true bank-as-a-service payments platforms and the technology responsible for Central Payments’ rise to the fastest growing prepaid card issuer since 2015.* Along with its fintech accelerator program, Falls Fintech, Central Payments produces a podcast called Fintech Brews & News where you can find unique perspectives on how to bridge the gap between banking, startups, and the entire fintech industry. Visit Central-Payments.com for more information.
* Source: The Nilson Report, 2015 to 2019.