Payrix Names New Chief Risk Officer

Technology platform Payrix announced that it has hired Billi Jo Wright as chief risk officer.

Payrix gives software companies’ a flexible platform that enables more control over payments, as well as the ability to unlock more revenue potential.

“With momentum in the category moving toward payment facilitation, Payrix feels strongly about prioritizing risk innovation and investing in a world-class team,” Robert Butler, president of Payrix, said in a press release. “I’ve known Billi Jo for years and am confident that her vision and skill-set will make our risk and compliance programs a differentiator in the marketplace.”

“The announcement caps the company’s search for the industry’s top risk executive. As more software companies are realizing the potential of integrating payments we’ll accelerate and simplify the process with risk expertise and our technology,” added Payrix CEO and Co-Founder Boruch Greenberg.

Wright has spent more than 20 years in both issuing and acquiring, previously holding leadership roles at Elavon, Merchant e-Solutions, 2Checkout (Avangate) and Worldpay, where she specialized in implementing best-in-class risk and partner engagement programs. Working out of Payrix’s Atlanta office, she will lead a team to manage Payrix’s payment facilitator program, merchant and transactional risk, and continue to expand the platform’s security and compliance capabilities.

“With where the market is heading, I see so much opportunity in our platform. We have a flexible, sophisticated system that is every risk manager’s dream, but we haven’t even begun tapping into its full potential,” Wright said. “Maintaining regulatory and card association compliance can be complicated and requires a significant investment in resources and technology. With Payrix, we will not only have a streamlined, frictionless customer experience, we’ll also streamline the risk and compliance burden for our partners by doing the heavy lifting for them. I’m excited to shape our vision for a strong risk culture centered around business enablement.”