Justin Ferrabee Named CEO of Paramount Commerce

Payments Industry Leader Takes the Helm at Top Canadian Fintech Company

TORONTO, July 23, 2019 /CNW/ - Paramount Commerce Board of Directors today announced that Justin Ferrabee is joining as Chief Executive Officer, effective August 12, 2019.

The announcement comes as the Canadian fintech leader, with operations internationally, readies itself to capitalize on the best market opportunity in a generation. 

Justin Ferrabee has been appointed as CEO by Paramount Commerce. (CNW Group/Paramount Commerce)

"Payments innovation is driving broad adoption of fintech across industry, and Paramount Commerce's 15-year track record of success and reliability positions it to lead this transformational change," says Justin Ferrabee. "I'm excited to be coming on board at such a pivotal time."

Mr. Ferrabee has extensive experience in the payments ecosystem, most recently as Chief Operating Officer for Payments Canada, the organization responsible for Canada's payment clearing and settlement infrastructure, processes and rules. There he had strategic oversight for many critical operational initiatives and industry modernization activities. Under his leadership, Payments Canada became the foremost voice in Canada's payments environment.

"With Justin's payments industry expertise and success in driving growth and innovation, he was the clear choice to propel our company into the future," says Izabela Wakabayashi, representing the Board of Directors. "Now is the right time for a leader like Justin, and we are so pleased to welcome him to our team."

Since 2003, Paramount Commerce has been developing electronic payment technology. Its patented online banking verification technology supports payments in more than 30 countries, has been used by millions of consumers and has processed more than $35 billion in volume.

Notes to Editors:

Paramount Commerce is headquartered in Toronto and has operations in Vancouver, Las Vegas, Malta and the UK.  It's an innovative financial technology company that provides real-time, bank account level data intelligence and bank-verified payment processing to ecommerce merchants, with particular expertise in igaming, online sports betting, and international remittance.

SOURCE Paramount Commerce

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