Our story began in 2010 with a simple goal: to deliver a solution that would facilitate electronic supplier payments for businesses—and generate profit in the process.
It would need flexible, agnostic technology that adapted to client needs with dedicated support teams in place.
It would need to be both easy to use and thorough in order to lessen the workloads of Accounts Payable and Accounts Receivable departments.
It would need to deliver the same cash rebates that other payments companies were already providing, but in a way that was more generous and more transparent.
And, of course, it would need to be unfailingly secure.
Partnerships and recognition
So we rolled up our sleeves, got to work and created AP Advantage, now known as Paymerang. Like a boomerang, Paymerang is all about reciprocal actions. You pay out money, and money comes back to you. Quite a bit of money, in fact. We’re able to pay competitive rebates by working harder to enroll more of your suppliers in virtual cards. Virtual cards are not only great for rewards, they also offer the added convenience of no limits on payments and no lengthy financial statements. Even better, you’re never exposed to risk since all virtual cards are issued in our name. With Paymerang, you get a new revenue stream without paying anything out of pocket for our services. Your suppliers get faster payments. And we get to achieve our original goal of making payments pay off for businesses. It’s a win-win-win situation.
At Paymerang, we believe in the radical power of simplicity and transparency. Our powerful payments engine has taken us from a handful of local clients to processing billions in payments every year for hospitals, renowned universities, banks, public utilities, billion-dollar corporations, professional sports teams and beyond. Let us do the same for you.
Our leadership
Nasser Chanda
Chief Executive Officer
Nasser leads Paymerang’s fast-growing organization and drives the company’s mission of making business payments simple and secure. Nasser is responsible for ensuring that our customers receive the world-class service they have come to expect, day in and day out, from our incredibly talented and dedicated employees. Nasser also oversees the strategy and direction of the company, ensuring that Paymerang continues to lead the industry in revolutionizing business payments. Nasser has more than 20 years of experience in growing startups and payment companies, including launching and growing Brink’s Global Payments to a profitable business with over $100 million in revenue and operations in five countries. Nasser began his career in investment banking at PwC and led global strategy and M&A at The Brink’s Company.
John Heyel
Chief Financial Officer
John leads finance, accounting and investor relations at Paymerang, applying rigor and analytics to our business planning, decision making and execution. He ensures we process each client transaction accurately and efficiently to maintain order over the hundreds of thousands of payments and billions of dollars flowing through our company. John honed his leadership skills as an officer in the U.S. Navy before moving on to lead finance and analytical teams in banking and credit card operations at Capital One. John spearheaded major initiatives through a period of rapid growth at Capital One within the areas of corporate planning, retail operations, external reporting, and controllership.
Andy Savage
Vice President of Technology
Andy leads our technology efforts including delivery, security and business continuity. Andy brings large company and startup experience to Paymerang, having worked with Capital One, Anthem, Cardlytics, Snag and Impact Makers. He has been a thought leader and entrepreneur in Application Development, IT delivery best practices, and DevSecOps. He has led high-performing teams who have created amazing products in FinTech, healthcare, pharma, paper manufacturing, power, nuclear, state government, and chemical process manufacturing for his employers and clients.
Tom Greco
Director of Operations
Tom leads operations at Paymerang, ensuring that payment processing and client care is consistently managed with the world class execution that our clients have come to know and love. In addition, Tom heads up efforts in fraud prevention, risk management and quality assurance functions to guarantee that not only do our clients, vendors, associates and investors have an insanely great experience, but that they are also protected from risk. Tom’s 18 years of Operational Leadership experience comes from a diverse background including Capital One, OnStar by General Motors, Convergys and GreenSky. Tom was one of the earliest employees at GreenSky, where he built large teams and supported the company's growth from startup through to IPO.