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AMSTERDAM, May 7, 2020 /PRNewswire=KYODO JBN/ --

- Andre Valkenburg joins Payvision's management team as CEO, starting May 1,

2020

- Corné van der Meijden continues to act as Payvision's Chief Financial

Officer, while solidifying his role as a confirmed statutory member of the

management board

- Rudolf Booker, Gijs op de Weegh and Cheng Liem Li stepped down from the

management board and left the company on April 30, 2020, completing the agreed

transition period following the acquisition by ING

Payvision, a global fintech and omnichannel payments provider, announced today

that it has appointed Andre Valkenburg as its new CEO.

Andre brings more than 20 years of experience in the payments industry to his

new role, having spent most of his career working for payment solutions

companies such as Bibit and Worldpay. His previous senior executive

appointments in the industry also include having been the CEO of Buckaroo,

another Dutch-based payment solutions provider. As an entrepreneur himself,

Andre also started a mobile software development company.

"I am proud to be entrusted with leading Payvision into its next phase of

growth as a global payments service provider and look forward to working with

the professional and entrepreneurial people at Payvision," said Andre. "The

company's integration with ING's business strategy, combined with the

cutting-edge digital capabilities, create the promise of unbeatable value for

our merchants, partners and shareholders."

Andre joins Corné van der Meijden in Payvision's management board, whose

appointment as Chief Financial Officer was approved by the Dutch Central Bank

in February 2020.

"We are extremely pleased to welcome Andre to the management board of Payvision

as our new CEO. He brings a deep expertise in payments solutions, together with

broad experience in business operations. I am confident that we will benefit

from Andre's insights as we continue to deliver value for our clients. Together

with Corné he will further build on Payvision's omnichannel strategy and

strengthen Payvision's position as the Center of Excellence for Merchant

Services within ING Group," declared Mark Buitenhek, Chairman of the

Supervisory Board.

Rudolf Booker founded Payvision in 2002, together with Gijs op de Weegh — Chief

Operating Officer and Cheng Liem Li — Chief Commercial Officer. In 2018, the

three founders formed a strategic partnership with ING Group with the aim of

accelerating the company's innovation capabilities and business growth. In line

with the terms of the acquisition agreement, they continued their leadership

during the transition until April 30, 2020 when all three stepped down.

ING acquired Payvision to support the bank's expansion of merchant services for

business clients, particularly in the fast-growing e-commerce segment. This

partnership is an investment in innovative financial services to support ING's

Think Forward strategy, allowing clients to benefit from Payvision's

omnichannel payments platform as well as ING's lending, working capital

solutions and worldwide distribution network.

About Payvision

Payvision is a global payment processor that's driven by a passion for

technology and simplifying payments. With one single, secure platform, we power

transactions for businesses across the globe. We know our way around the latest

techniques in artificial intelligence and omnichannel strategies. The

dedication to our clients shows – this is where we truly make a difference. By

enabling an intuitive and flawless customer experience on all channels, we

bring a unique beat to payments.

Founded in 2002 and headquartered in Amsterdam, the Netherlands, we've grown

into an international team with global knowledge and offices in North America,

Europe and Asia. In 2018, ING bought Payvision, allowing us to offer an

unstoppable combo of both the fintech and banking worlds put together. This

partnership means cutting-edge technology and a startup mindset backed by ING's

expertise and global network.

Learn more about how Payvision takes the hassle out of payments at

payvision.com.

Photo - https://mma.prnewswire.com/media/1165050/Payvision_Andre_Valkenburg.jpg

Source: Payvision