SafeCharge Appoints Barclaycard's Phil Atherton as Chief Risk Officer

The global payment services provider catering to online and mobile businesses with Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term and payment technology solutions, SafeCharge, listed on the UK’s AIM index under ticker SCH, today held its Annual General Meeting (AGM), according to a regulatory filing with the London Stock Exchange (LSE), and revealed a new key hire.

SafeCharge Chairman Roger Withers made the following statement, according to the press release: "SafeCharge enjoyed strong trading in the first quarter of 2016 with revenues and gross profit for this period ahead of budget. In March the Group processed record volumes, this momentum continued in April and I am pleased to report that approximately 10% of this volume was processed through SafeCharge's own acquiring platform.”

Atherton Departs Barclays

The appointment of Phil Atherton as Chief Risk Officer (CRO) was announced during the meeting, as the company’s board aims to bolster its management team while Mr. Atherton was not appointed to a board position – as part of the appointment – he will have a key senior role as the company’s new CRO.

Mr. Atherton was described as bringing extensive experience in card Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term, risk management and regulatory compliance, and held senior roles with firms such as WorldPay and Barclaycard, as per the chairman’s statement.

According to a LinkedIn profile, Mr. Atherton is listed as Payments Network Director for Barclaycard since November 2011, and where he led a team responsible for driving the company's strategic and commercial agenda with card brands.

Strong start to 2016

Mr. Withers added that 2016 has already brought significant client developments and noted the delivery of a new payments platform for the Rank Group, as well as the launch of SafeCharge’s first airline customer ELAL, and the company also went live with an alternate payment method for certain brands of PaddyPower Betfair, according to the update.

Finance Magnates previously reported when the company announced its 2015 results which had shown strong growth and momentum that seems to be carrying over into 2016. Shares of SafeCharge were up over 1.5% in early morning trading this Wednesday in the UK, following the news.