Former Blackhawk Network Holdings General Counsel to Lead Payment Company’s Legal, Compliance and Government Affairs Team

Walnut Creek, Calif. – (May 13, 2015) – YapStone™, a global provider of web and mobile payment technology solutions for large vertical markets and online marketplaces, named David Durant to the role of General Counsel. Durant will lead YapStone’s legal, compliance and government affairs initiatives as the Company aggressively expands its online and mobile payments offerings and partnerships.

“David is truly one of the leading legal experts in the payments industry. We are very fortunate to have a General Counsel with vast domestic and international payments expertise to lead YapStone’s legal and compliance initiatives as we build on our current momentum,” said Tom Villante, Chairman, CEO and Co-Founder of YapStone. “We have a number of exciting partnerships and products on our roadmap. And with the complexity of the payments industry, David will be integral to navigating our way to success.”

As General Counsel, Durant will manage the YapStone legal team, support the Company’s legal and compliance efforts and take on other administrative duties. Durant joins YapStone after 10 years at Blackhawk Network Holdings, Inc., where he built a team of 40 in-house legal, compliance and government affairs experts. In his tenure, Durant also led Blackhawk’s legal efforts through an IPO and spin-off as the Company expanded to over 20 countries, 1,800 employees and $1.4 billion in revenue. Prior to Blackhawk, Durant was Senior Corporate Counsel at Safeway, Inc., one of the largest food and drug retailers in North America.

“It is an exciting and dynamic period for the payments industry. YapStone’s leading technology, innovative leadership and focus on people, as well as its hyper-focus on simplifying how people pay for everyday expenses, really attracted me,” said Durant. “YapStone’s passion for hiring top-flight talent and driving growth that meets
the unique business needs of its diverse customers is contagious. I am truly excited
to be joining a company with such a strong focus on customers and a commitment to compliance, ethics and excellence. I look forward to helping YapStone build on its
past successes and execute on the strategy that will shape its future.”

About YapStone
YapStone is a leading global provider of web and mobile payment technology solutions enabling electronic payments and automated onboarding for global online and
mobile marketplaces, including HomeAway® and VRBO®, as well as for large vertical markets, including apartment and vacation rentals (through its RentPayment and VacationRentPayment brands, respectively), HOA communities, self-storage and
non-profits. YapStone develops tailored payment solutions to address partner needs and processes over $14B in payments volume annually. YapStone continues to be recognized for its growth, ranking on the Inc. 5000 list of Fastest-Growing Private Companies for seven consecutive years, and honored in 2013 and 2015 on Forbes’
List of America’s Most Promising Companies. YapStone has raised over $110 million from investors, including Accel Partners, Meritech Capital and Bregal Sagemount. YapStone is headquartered in both Walnut Creek and Santa Monica, California with
its international operations center in Drogheda, Ireland. To learn more, visit


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Troy Scarlott
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