Paysign Focuses on Product and Technology Evolution With Additions to Its Leadership Team

Brad Cunningham Joins as CTO, Alan Geiger as Director of Relationship Management and Richard Graub as Director of Product Management

Paysign, Inc. (NASDAQ: PAYS), a leading provider of prepaid card programs, digital banking services and integrated payment processing, today announced key leadership recruitments that support the company’s long-term strategy for product diversification, technology and platform advancements and enhanced offerings in new and established verticals. Brad Cunningham was brought on board as chief technology officer, a major addition to the Paysign senior leadership team. The company also expanded its client relationship and product teams with the addition of Alan Geiger, director of relationship management, and Richard Graub, director of product management.

Cunningham joined Paysign in July and brings with him more than 17 years of experience at Republic Bank & Trust Company, serving most recently as the senior vice president and managing director of IT strategy and services. During his time there, Cunningham led the technology teams that modernized and rewrote core banking platforms, designed and custom built the bank’s non-traditional financial offerings, including tax refund processing solutions, and established API and integration architecture. In addition, Cunningham is an expert at engineering high-availability payment systems with advanced data analytics. His many successes were based on the foundation of bringing process, stability and consistency to the development lifecycle for the implementation and operation of secure, robust, well-integrated technology solutions.

“Brad’s proven track record of forward-thinking technology and software advancements in banking verticals aligns perfectly with Paysign’s development roadmap,” said Paysign president and COO Matthew Lanford. “He will be a driving force that ensures Paysign continues to be an innovator in fintech, and we could not be happier to have him on board.”

As Paysign’s new chief technology officer, Cunningham will focus on evolving the company’s architecture and technology stack as a whole, maturing the IT and software development teams and processes and enriching security, compliance and quality assurance practices.

Geiger joined Paysign in May as director of relationship management, and brings with him decades of payments industry experience, as well as expert knowledge of the plasma collection industry and the unique challenges that influence its landscape. Geiger had long followed Paysign’s innovations in the space and their ability to add value for both centers and donors, making them a great partner to the plasma industry. He will be fundamental as Paysign continues to invest in its core customer market and enhance its offering to this vertical. Prior to joining Paysign, Geiger was the key account executive serving the plasma sector for 15 years with Onbe, formerly known as Ecount, Citi Prepaid Services, Wirecard and North Lane Technologies, Inc.

“Alan has an incredible background of working to forge partnerships within the plasma and payments sectors,” said Lanford. “He will play a vital role in Paysign’s growth as we continue to reinvest in this core market, and we are excited to have him as a part of our leadership team.”

Graub also joined the company in May and has more than 20 years of experience in the prepaid space building and launching payments programs, products, and solutions. As owner and operator of his own chain of retail financial services stores, he acquired a deep knowledge of the industry and what factors drive consumers. At Paysign, Graub’s role as director of product management will focus on all aspects of product management, process, policy, and strategy, as well as facilitating communication between various divisions of the company to ensure all goals are met. Prior to joining Paysign, Graub also held senior positions with financial services providers National Money Mart, United Financial Services Group and Prepaid Ventures.

“Richard is a tremendous talent, and our top pick for this crucial position,” Lanford said. “His payments industry knowledge and project management skills are invaluable resources that will ultimately benefit Paysign, as well as those we serve.”

About Paysign

Paysign, Inc. is a leading provider of prepaid card programs, digital banking services and integrated payment processing designed for businesses, consumers and government institutions. Founded in 2001 and headquartered in southern Nevada, the company creates customized, innovative payment solutions for clients across all industries, including pharmaceutical, healthcare, hospitality and retail. Built on the foundation of a reliable payments platform, Paysign’s end-to-end technologies securely enable digital payout solutions and facilitate the distribution of funds for donor compensation, copay assistance, customer incentives, employee rewards, travel expenses and per diem, as well as reimbursements and rebates. Paysign’s solutions lower administrative costs, streamline operations, increase revenues, accelerate product adoption and improve customer, employee and channel partner loyalty. To learn more, visit paysign.com.

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