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* Successful executive skilled with experience leading business, financial, and operations strategy, with focused expertise gained in key leadership roles within large companies. Offers expertise in strategic planning, team leadership, revenue expansion, customer success, and growth in market share* Proven track record of driving innovation and operating model improvements that lead to accelerated revenue growth and margin expansion. Directly addresses and resolves customer challenges through new product capabilities and an enhanced client experience* Offers a demonstrated record of results in both domestic and international environments. Skilled in building and strengthening teams and departments, leading to increased retention and revenue. Proven record of achieving positive outcomes through the development of new and improved processes, workflows, and best practicesAreas of Expertise:* Executive Leadership* Go to Market Strategy* Payments Industry* Strategic Partnerships* AI and Machine Learning* Fosters Innovation CultureSelected Career Achievements:* Directs sales, go to market, and product life cycle management for payments solutions, services, and products, transforming the company into a technology-enabled services corporation * Served as Managing Director of a European subsidiary for Bank of America Merchant Services, with authority over sales, client management, operations, product management, legal, risk, and compliance.Email me at michaelreed1019@gmail.com or call me at (678) 221-7626.
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Chief Executive OfficerSola Aug 2024 - PresentBrooklyn, New York, UsFidelity Payments and Cardknox have come together to form Sola, a premier payment solutions provider serving businesses across the U.S. and Canada. Chosen by merchants in diverse industries, Sola stands out for its advanced and configurable payment technology, expertise in security & fraud protection and competitive processing rates. We pride ourselves on delivering superior customer support. Built on our proprietary payment gateway, Sola offers customers a streamlined solution for secure payments across in-store, e-commerce, unattended, and mobile platforms. With deep industry knowledge and a focus on the latest technologies, and customer preferences, we empower businesses to thrive in a competitive marketplace. -
Advisory Board MemberGlobal Fintech Advisors Apr 2024 - PresentA bespoke advisory and delivery practice, led by seasoned operators, focusing on payment innovation, transformation, revenue growth and operating scale.From global banks and processors to vertical SaaS solutions and full-service payment platforms, we have created and implemented successful strategies and execution-based plans that deliver products, customers, revenue, and improved profitability. -
Board Member, Treasurer And Committee MemberAmerican Transaction Processors Coalition 2021 - PresentAtlanta, Georgia, UsThe ATPC has been a payments processing industry force since its founding in 2014, intentionally promoting, protecting, and preserving the interests of the industry through government relations and public affairs. And we’ve taken a very measured approach to building credibility on Capitol Hill, state legislative bodies across the country, and in Georgia’s “Transaction Alley” (a term our organization coined and is now recognized internationally throughout the payments and fintech industry).Our approach includes building unique platforms and influence like PeachPay, Fintech Atlanta, P20, GA Fintech Academy and the Cyber Council to accomplish outcomes that benefit its members and the industry. -
Division President, PaymentsDeluxe 2019 - Apr 2024Minneapolis, Minnesota, UsFulfills a critical role in the company’s transformation from a provider of checks and forms into a technology-enabled payments and data platform services company, serving as a member of the executive leadership team. Developed long range plans underpinned by a tactical strategy designed to achieve and sustain profitable growth in the Payments segment. Works collaboratively with the Board of Directors, Chief Executive Officer, Executive Leadership Team, and other stakeholders.* Leads strategy, sales, go to market, and product life cycle management for payments solutions, services, and products, with accountability for executing strategic decisions relating to client experience and agile technology delivery.* Drives continuous customer-centric innovation in a portfolio of payments solutions processing $3 Trillion in receivables and supports customers of all sizes, including nearly 75% of the top 300 Financial Institutions. * Solutions include Merchant Services, Integrated Receivables, AI driven Cash Application, Item Processing and B2B disbursements. * Led the largest acquisition in company history which doubled the size of the payments business and secured an SMB channel in a secular growth business to further distribute Deluxe capabilities. * Identified market opportunities and commercialized product capabilities adding multiple new products resulting in consecutive years of organic revenue growth. * Stabalized core platform technology, restructured business unit, oversaw site closures and modernized processes resulting in significant YOY margin improvement -
Board Of Directors, Presidents Advisory CouncilElectronic Transactions Association Jan 2022 - Jan 2024Washington, Dc, UsThe Electronic Transactions Association (ETA) is the world’s leading advocacy and trade association for the payments industry. Our members span the breadth of significant payments and fintech companies, from the largest incumbent players to the emerging disruptors in the U.S. and in more than a dozen countries around the world. ETA members make commerce possible by processing approximately $44 trillion annually in purchases and P2P payments worldwide and deploying payments innovation to merchants and consumers.ETAs membership spans the breadth of the payments industry to include independent sales organizations (ISOs), payments networks, financial institutions, transaction processors, mobile payments products and services, payments technologies, and software providers (ISV) and hardware suppliers. -
Managing Director, Global Payments & ProductBarclays 2018 - 2019London, GbRecruited to lead international expansion and further develop digital capabilities within the Global Merchant Services division of this leading bank. Continually aligned product development roadmaps with the unique needs of clients, with a focus on ensuring secure payments, regulatory compliance, cash flow optimization, and protections against fraud.* Established an agile cross functional delivery team to assess onboarding capabilities and deliver best in class frictionless onboarding. Adjusted workflows, delivered new technology and leveraged bank and third party data resulting in a reduction in the onboarding timeline from days to hours.* Established a business presence Ireland and Acquiring and payments license to facilitate business opportunities following Brexit. * Positioned the business for growth in the US market by negotiating and delivering a white label gateway and processing offering. -
Executive Board Member, Barclaycard International Payments, Ltd.Barclaycard Payments 2018 - 2019Canary Wharf, London, Gb -
Managing Director, Bofa Merrill Lynch Merchant Services (Europe), LlcBank Of America Merchant Services 2015 - 2018Charlotte, North Carolina, UsLed vision, strategy, and execution for the company’s European subsidiary, with authority over sales, client management, operations, product management, legal, risk, and compliance. Credited with building a pipeline of opportunities with clients in multiple regions.* Positioned the company as an innovator in digital commerce by expanding the portfolio of products to include gateway services, local and alternative payment methods, card present, and mobile solutions.* Engaged in market research to establish an initial product set to support client payment needs in Europe. Collaborated with regulatory bodies to obtain regional licenses and initiated a European legal and regulatory program.* Managed the development of systems to support same-day settlement and scale to support business volume. -
Evp, Chief Operating OfficerBank Of America Merchant Services 2010 - 2015Charlotte, North Carolina, UsHired to oversee the enterprise client service, product management, vendor management and corporate workplace departments while maintaining and strengthening relationships with major companies and multinational accounts. Administered multi-million dollar operating budgets.* In 2014, entrusted with the management of sales and portfolio management teams which included the companies largest and most complex relationships. * Signed sales from large client accounts increased nearly 250%.* Spearheaded a transformation initiative that established the Target Operating Model and migrated customers to new technology platforms that increased revenue and while lowering cost delivering positive operating leverage.* The new platform and client experience improved retention of the SMB portfolio from 85% to 88%.* Introduced new products for all merchants, including Global Merchant Acquiring for US domiciled large merchants, Payment Facilitation capability for eCommerce merchants, and a tablet based point of sale (Clover Station) for SMBs. -
Executive Board Member, Bofa Merrill Lynch Merchant Services (Europe), LlcBofa Merrill Lynch Merchant Services (Europe) Limited 2015 - 2018 -
Svp, Equity AlliancesFirst Data Corporation 2009 - 2010Brookfield, Wisc., UsManaged and oversaw the daily operations and financial performance of the Equity Alliances division which included Wells Fargo Merchant Services, PNC Merchant Services and Bank of America Merchant Services. Completed negotiations of necessary agreements and introduced new products for distribution. Developed the first operational sales and services support model between Bank of America Merchant Services and First Data. -
Svp, Global Merchant SalesFirst Data Corporation 2006 - 2009Brookfield, Wisc., UsEstablished and managed a team who oversaw all aspects of the Wal-Mart relationship globally which included Merchant Services, Closed Loop Prepaid, Payroll Card Program, Financial Institution Services and International Markets. Recognized in 2008 as Sales Executive of the Year. -
Senior Director, Enterprise Client DevelopmentFirst Data Corporation 1999 - 2006Brookfield, Wisc., UsResponsible for First Data enterprise-wide relationship management for key Quick Service Restaurant (QSR) clients that included overall customer satisfaction, contract renewals, and the promotion of new service offerings. Served as a customer escalation point-of-contact for all applicable First Data business units including Merchant Processing, ValueLink, Telecheck, Money Network, First Payment, and STAR. Achieved President’s Club Status -
Medical Service SpecialistUnited States Air Force 1992 - 1995Randolph Afb, Tx, UsHonorably Discharged, Awarded Air Force Achievement Medal for Meritorious Service
Frequently Asked Questions about Michael Reed
What company does Michael Reed work for?
Michael Reed works for Sola
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Michael Reed's current role is CEO at Sola.
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Michael Reed's email address is mi****@****ail.com
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Michael Reed's direct phone number is +130279*****
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