Acquirer Credorax Appoints Former Visa Senior VP

BOSTON, MA | Credorax, the smart high-tech acquirer for ecommerce and mcommerce merchants and PSPs, announced last September that it has appointed Stanley Skoglund as the company’s new Chief Risk Officer. In this new role, Stanley will lead Credorax’s Risk Management activities including risk, fraud, legal, compliance and regulatory affairs.


Critical Role at Visa

Prior to joining Credorax, Stanley held senior management roles at Visa Europe, including reporting directly to the Chief Risk & Compliance Officer. While at Visa, Stanley played a critical role in developing and implementing corporate-wide strategic risk, compliance and payment system risk policies in relation to business models, payment channels and geographies. In addition, he also led three operational teams that specialized in risk management discipline, due diligence, technology risk, and compliance as well as enterprise and business risk.


Supporting Credorax' ambition

"Hiring Stanley was an unequivocal choice for Credorax, as he is a payments industry icon with that unique, rare quality of understanding every angle of the business, including card schemes, merchants, service providers and technology industry aspects,” said Benny Nachman, CEO of Credorax. “His extensive leadership experience in domestic and international payments and commercial, risk and compliance agendas in the payments ecosystem will play a pivotal role as we take Credorax to the next level."


Uniquely Positioned 

"I believe my industry contributions on many levels, including in PCI and wider ecosystem risk issues, as well as having developed and implemented many of Visa Europe's risk and compliance programs will further enhance Credorax's already stellar footprint in the overall online payments industry," said Stanley Skoglund, Chief Risk Officer of Credorax. "Credorax is uniquely positioned to meet the security needs of merchants and PSPs, and I look forward in playing a crucial role in driving these initiatives and helping to push forward the overall business in the long term."


About Credorax

Credorax's Smart Acquiring solutions are based on its proprietary payment platform, ePower™ a Unified Transaction Processing & Acquiring platform built to optimize the payment and acquiring lifecycle process for multi-channel retail environments. Credorax is the first high-tech company to become a principal member of Visa and MasterCard and a PSD-licensed financial institution in Europe. For more information please visit or follow on Twitter @credorax.


Sourced from Credorax on September 11th, 2013


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