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Paystone Announces the Appointment of Lorne Schwartz as President

LONDON, ONTARIO & MONTREAL, QUEBEC, June 23, 2020 - Paystone, a leading North American provider of customer engagement and electronic payment processing solutions, is pleased to announce the appointment of Lorne Schwartz as the company’s President.  Effective immediately, he will transition from his current position as Paystone’s Chief Strategy Officer.

As an experienced growth strategist with a proven track record in the software industry, Lorne is known for developing fast-growing companies into market leaders. He has over 20 years of experience at the helm of seven different software companies, including Momentum Business Systems, Acceleron, and TradeInsight, where he led multi-national operational initiatives as well as aggressive expansion opportunities. He most recently served as President & CEO of DataCandy before it was acquired by Paystone.

Since joining Paystone nine months ago, Lorne has played a significant role as part of the company's executive team. "I am excited to have an industry veteran like Lorne as Paystone’s new President. As the company continues to grow, his leadership experience in the software industry will be truly instrumental," says Tarique Al-Ansari, CEO of Paystone. "I look forward to working closely with Lorne on expanding our software offerings and executing our growth strategy."

In the past 12 months, Paystone has concluded three acquisitions, and it's expected that Lorne's efforts as President will accelerate the company's ongoing growth targets and expansion into software solutions to help SME's grow their revenues. "Paystone is in a position to accomplish some truly great things, and I'm thrilled to be taking on this new role," says Lorne. "This is a pivotal time for the fintech industry, and I am confident with our strong client base and such a talented team here at Paystone, we will have great times ahead."

Lorne holds an MBA degree from the Schulich School of Business and resides with his wife and their three children in Montreal where Paystone's HQ2 is located. 


About Paystone

Paystone is a leading provider of secure, user-friendly customer engagement solutions that help North American businesses of all sizes turn everyday transactions into meaningful customer interactions. The company's seamlessly integrated suite of automated payment processing, customer loyalty, and gift card solutions is used by brands such as Irving Oil, The Source, Booster Juice, Global Pet Foods, Kernels Popcorn, and many of the MTY Food Group's restaurant brands. Paystone's solutions are used at over 25,000 locations across Canada and the United States which collectively process over 10 billion dollars a year in bank-card volume. The fintech company employs 100 employees and works with over 50 sales partners across Canada. 

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