YapStone makes key hires in pursuit of payments land grab.

[This article “YapStone makes key hires in pursuit of payments land grab” first appeared on SF Business Times.]

YapStone made three executive hires and plans to add more to its team as it seeks to grab a bigger piece of the payments business.
The Walnut Creek company operates in one of the hottest sectors in finance, facilitating payments. YapStone is the company behind services such as RentPayment and ParishPay.

With YapStone moving deeper into mobile payments, the firm recently hired Tim Armandpour as senior vice president of engineering and technology. Armandpour previously led engineering teams at PayPal and Zong, which was acquired by PayPal, part of eBay. (NASDAQ: EBAY) He’s also worked at SendMe and Yodlee. YapStone also hired Colleen Lindow as vice president of payment operations and Christopher McLaughlin-Brooks as vice president of technical operations. Lindow previously worked at Square and eBay, including the latter’s PayPal and Billpoint units. She has also worked at Palo Alto-based Bill.com and was vice president of purchasing card at Visa. (NYSE: V)
McLaughlin Brooks’ resume includes working as senior director of IT at Yahoo (NASDAQ: YHOO) and SAP/Business Objects in addition to holding the position of chief information officer at Parallels, a cloud computing company.

“We’ve experienced tremendous growth in the last several years, and we’ve been focused on putting in place the right senior team to help scale our business,” said Matt Golis, CEO and co-founder of YapStone. YapStone, which had 165 employees at the end of 2013, has added 11 employees this month alone. The company expects to hire a total of 75 people this year at its offices in Walnut Creek, Santa Monica and Ireland.