YapStone Adds Seasoned Payments Veteran, Michael Gramz, to Its World-Class Management Team

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This week, Michael Gramz joined the management team at YapStone, a global provider of online and mobile payment solutions for global marketplaces and large vertical markets, as Chief Risk Officer. In his role, Gramz will focus on delivering innovative risk management products and services to support YapStone’s partners and customers.

Prior to YapStone, Gramz was the Chief Risk Officer and Board Director at Merchant eSolutions, the U.S. processing division of Cielo, the number one merchant acquirer and payment processor in Latin America. Gramz also spent 17 years at Bank of America, where he was a key strategic contributor in the formation of Bank of America Merchant Services (BAMS). With broad experience across credit underwriting, onboarding, fraud management, loss provisioning and reserves, compliance and regulatory policy, as well as data security and incident management, Gramz brings a wealth of expertise and experience to the company.

Gramz is one of numerous all-star hires YapStone has made over the course of 2016 to support its explosive growth. “We have been extremely focused on building the best payments team in the industry and Michael’s experience and pedigree as a CRO speaks for itself,” said Tom Villante, YapStone’s Chairman, Co-founder and CEO. “I am personally thrilled to welcome Michael Gramz to the YapStone team and we plan to capitalize on his expertise as we continue to expand globally and focus on developing innovative payment solutions.”

In 2016, YapStone has received a number of accolades for its recent growth, including being named to the Forbes list of Next Billion Dollar Startups, as well as named to Deloitte’s Fast 500 list of the fastest growing technology companies in North America. YapStone also significantly expanded its international operations in Drogheda, Ireland.

“It truly is an honor to join YapStone, a Fintech leader relentlessly focused on excellence,” said Michael Gramz. “I look forward to working with the YapStone team to continue delivering innovative risk and fraud products to our partners and customers.”