Element Payment Services Hires New Chief Financial Officer
Phoenix, AZ December 1, 2009 -- Element Payment Services, an Arizona-based PCI compliant payment
processing provider, announces the hiring of a new Chief Financial Officer, Matthew Gauer. Mr. Gauer
will oversee Element's Finance, Accounting and Human Resources departments.
For the past 12 years, Mr. Gauer has held various senior level positions with First National Bank of
Omaha, including CFO of its merchant acquiring division, First National Merchant Solutions (FNMS).
FNMS is one of the top ten payment processors in the United States, processing over $51 billion in
Visa/MasterCard volumes in 2008.
"We are very pleased to have Matt join our executive team," says Sean Kramer, President and CEO of
Element Payment Services. "Gauer brings a wealth of financial and business leadership experience,
which will help our company continue to be on the cutting edge of the payment services industry."
Mr. Gauer is a graduate of the University of South Dakota, Vermillion, SD with a degree in accounting.
About Element Payment Services
Headquartered in Phoenix, Arizona, Element Payment Services, Inc. provides fully integrated PCI DSS
compliant payment processing solutions to merchants through partnerships with leading business
management software providers. Engineered using service-oriented architecture, Element's Express
Processing Platform allows for easy integration and supports credit and debit card, ACH and check
solutions.
Processing $4 billion in annual transaction volume, Element's simple and secure payment solutions allow
customers to easily comply with industry security requirements such as PCI DSS, PA-DSS (PABP),
significantly reducing the risk of a cardholder data breach.