Totaro Joins Tassat As Chief Executive Officer

New York-based FinTech Tassat Group LLC has appointed Ron Totaro to the position of chief executive officer, according to a Tuesday (March 9) announcement emailed to PYMNTS.

“[Totaro’s] leadership will be instrumental as the company begins widening the reach of the TassatPay® digital payments platform across the banking industry. His expertise in scaling companies and driving digital transformations will help Tassat thrive in this rapidly-evolving market,” Kevin Greene, chairman of the board of Tassat, said in the announcement.

Totaro, a payments industry veteran, will use his strengths to speed up revenue growth, harness enabling technologies to fuel product innovation and help Tassat navigate through its next stage of growth in digital payments. He will be tasked with benefiting from the firm’s success in providing a “first-to-market, NYDFS-approved, blockchain-based payments platform” for Signature Bank, while letting more financial institutions provide their business customers with real-time payments via the TassatPay® Platform, according to the announcement.

“Blockchain-based applications are continuing to gain momentum, and TassatPay® has already delivered substantial success in growing customers and deposits for banks. We are now poised to provide this real-time payments platform to the broader marketplace, and I am excited to join Tassat on its journey as an innovator in the space,” Totaro said in the announcement.

Totaro has assisted significant technology and FinTech firms head up digital transformation initiatives while fueling sizable sales growth during his career. He supervised Pitney Bowes’ biggest business line and the Pitney Bowes Bank as a general manager for global financial services at Pitney Bowes, rolling out new cloud-enabled technologies with connected payments.

And, as COO for ACI Worldwide, Totaro headed up a transformation of the company’s corporate and operational framework while fueling accelerated revenue and profit growth.

Totaro held management positions at American Express, Accenture, GE Capital and FICO earlier in his career. In recent times, he worked as an advisor to private capital and venture firms around investment opportunities in emerging technologies such as data platforms, digital payments and blockchain-based programs.

Stablecoins and blockchain get their fair share of distinct headlines. But combined, they can help bring in a new paradigm for international payments. To that end, Circle CEO Jeremy Allaire previously told PYMNTS that programmable money – money as data, if you will – working together with “smart” contacts has the potential to reshape the way capital markets and other parts of the economy function.