General Counsel, Secretary and Chief Compliance Officer
David Durant serves as General Counsel, Secretary and Chief Compliance Officer for YapStone. In his role, he manages and leads YapStone’s legal, compliance, and government affairs initiatives. With significant experience and expertise in legal compliance and payments, David leads the company’s money transmitter license process in the U.S. as well the payment institutions license in Ireland. Prior to YapStone, David spent ten years at Blackhawk Network Holdings, Inc. (NASDAQ: HAWK), where he led Blackhawk’s legal, compliance (initially serving as CCO) and government affairs initiatives and built a team of over 40 in-house legal, compliance and government affairs personnel. During his tenure, David also led Blackhawk’s legal efforts through an IPO and spin-off from Safeway Inc., as Blackhawk expanded into over 20 countries and grew to 1,800 employees and $1.4 billion in annual revenue. David also served as General Counsel, Secretary and Director of Blackhawk Network California, Inc., and led the efforts of Blackhawk Network California to secure money transmitter licenses in 48 U.S. jurisdictions and Puerto Rico. In February 2015, he was named one of the Top 10 Payments Lawyers by Paybefore.com. David received his J.D. from University of Chicago Law School.
Chief Technology Officer
Sanjay Saraf leads YapStone’s technology organization and is responsible for Product Engineering, Infrastructure and Operations, Information Security, R&D, and Product Innovation. In his role, Sanjay is focused on all YapStone product platforms, including global pay-in and pay-out payments platforms, fraud management systems, partner API platforms, and big data and analytics. Prior to YapStone, Sanjay was Chief Technology Officer at Western Union’s Digital Ventures where he led product engineering focused on digital transformation. In his tenure, he led development of an advanced fraud management system, digital payments platform with support for all major global funding methods, global payout platform that connected over 2 billion bank accounts and digital wallets, a massive Hadoop big data platform, and consumer facing web and mobile apps in over 50 countries. Prior to Western Union, Sanjay was VP of eBusiness at Symantec, leading a global eCommerce platform that generated over $2B in revenue. Sanjay holds a Bachelor’s and Master’s degree in Engineering and has authored several patents in digital payments and fraud management.