Long-time payment industry veteran James Jones joins Qualpay as Executive Chairman.

Jones brings expert experience to the new and quickly-growing next-generation payment provider.

SAN MATEO, Calif. – June 12, 2018 —Qualpay announced today that Jim Jones, most recently the chairman and chief executive officer of AccountNow, Inc., a leading issuer of Visa and MasterCard prepaid debit cards, has joined Qualpay's board of directors as Executive Chairman.

"We are very excited to have an individual with Jim's experience, knowledge and industry respect joining our Board," said Craig Gass, Qualpay CEO. "Jim's very successful career is a testament to his knowledge and expertise, which will prove invaluable in helping Qualpay continue its rapid growth."

Since opening its doors at the end of 2014, Qualpay has raised $8 million in capital while signing up its first customers. "I've seen what Qualpay has done in their first year in business and I realize that their potential is unlimited," says Mr. Jones. "It's something I very much want to be a part of and contribute to."

Before he joined AccoutNow, Mr. Jones served as the Vice Chairman and President of Providian Financial. Prior to that he was the President of Bank of America's Direct Banking Consumer Credit division. Earlier he was the Executive Vice President of Consumer Credit at Wells Fargo.

Mr. Jones has served on the board of many companies in the payments industry, including London-based Advanced Payment Solutions, where today he is their Chairman. He is also the Chairman of the Board of Financelt in Toronto and is a member of the boards of Bora Payment System in San Francisco and the National Mortgage Insurance Corporation.

He joins a company that is at the forefront of the technological innovations driving the payments marketplace. With its Cloud-based payment platform, Qualpay lets merchants accept payments through the many new ways consumers are now making payments, from online transactions to placing orders through their mobile devices. And Qualpay accomplishes this through the use of a single, seamlessly integrated merchant account, which greatly reduces the complexity and redundancies that can occur when multiple merchant accounts are required.

"This is an incredibly exciting time to be part of what Qualpay is doing," says Mr. Jones.

About Qualpay

Started in 2014, Qualpay is an innovative and integrated payment solutions provider headquartered in San Mateo, California. Qualpay's multichannel, Cloud-based processing platform provides a combined merchant account with solutions that enable businesses to accept payments across all their sales channels. Qualpay continues to seek out and incorporate leading-edge technologies in order to provide its customers with the tools and services they need in today's rapidly changing marketplace. The company maintains a customer service office in Spokane Valley, Washington. To learn more, visit www.qualpay.com.

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