Joe Proto joins Photon Commerce as advisor
San Francisco, CA, September 1, 2022
Photon Commerce, an instant payments and document automation pioneer, today announced the appointment of Joe Proto to its advisory board.
Proto is a successful entrepreneur and investor with over four decades of banking and financial technology experience. He previously cofounded Financial Telesis, now part of Wells Fargo, as well as RemitCo, which was acquired by FirstData, and also Windham Ventures. Most recently Proto served as CEO and chairman of Transactis, which was acquired by Mastercard in 2019. He retired as EVP of Mastercard in November 2021.
Proto's history in the banking and financial sectors combined with his unique perspective as an advocate for financial innovation will be instrumental in Photon Commerce’s growth and scaling.
"Joe's experience starting and partnering with payments leaders like Mastercard, First Data, and Wells Fargo is an asset to Photon Commerce,'' said Michael Young, founder and CEO of Photon Commerce.
“I look forward to working with the Photon Commerce team to solve key problems in faster payments, data directories, receivables, payables, and digital intelligence,” said Proto.
About Joe Proto
As a senior executive and successful entrepreneur, Joe Proto has four decades in the financial technology and banking industry. Joe built Transactis into a leading payments company serving 25 of the largest 50 banks, which Mastercard acquired in 2019. He launched REMITCO, a payments company acquired in 2000 by First Data, now part of Fiserv. He co-founded Financial Telesis (CashFlex), acquired in 1992 by CoreStates, now part of Wells Fargo. Joe also co-founded Windham Ventures (an innovation leader in med tech) and is an advisor and limited partner to several leading venture capital firms. Joe serves as chairman of DadeSystems (B2B integrated receivables) and Finexio (automated AP technology). He is a board member at LendKey (lending technology serving hundreds of credit unions and community banks), Azimuth GRC (automated compliance technology), and ActiveWorx (AP for large multi-national corporations). Joe is a member of various financial services organizations, including the Association for Financial Professionals (AFP); he serves on the National Automated Clearinghouse Association (NACHA) advisory council; and is a frequent speaker at conferences in the financial technology industry.
