01/31/18
ALPHARETTA, GA. — BluePenguin, a fintech company disrupting the B2B virtual payments market, announced today the appointment of Thomas McHugh as Chief Revenue Officer, as well as a member of the company’s board of directors. McHugh joins BluePenguin with a rich background in business and payments gained from 30 years of experience domestically and internationally.
“As our company continues to expand, it is critical we grow to represent all of the key elements in both understanding and deploying our business and product strategies,” said Steve Boyer, CEO of BluePenguin. “Tom is one of the premier knowledge leaders in card acquiring, and an indispensable payment executive to have on our team. I am thrilled by his appointment and am excited to work with him to enrich this facet of BluePenguin’s capabilities.”
McHugh’s three-decade career includes executive management, sales and product leadership roles at numerous organizations across the payments industry, such as First Data, Lynk Systems (now FIS/Worldpay/Vantiv) and Chase Merchant Services. Most recently, McHugh was Vice President of International Markets at MasterCard. McHugh is a featured speaker and presenter at industry trade shows and events. He holds a degree in business management from Merrimack College.
“I am thrilled to be a part of BluePenguin in both of these capacities as we navigate through the massive market opportunities in B2B payments. I see nothing but green field before us as we engage great partners to deliver our virtual payments solution across the last mile to their customers and buyers,” McHugh said. “I believe we have a strategic advantage in that we will not be licensing a legacy platform originally built for private-label fuel cards decades ago that has had to be modified for virtual payments. Instead, we’re constructing our own ‘next gen’ platform built specifically for frictionless virtual payments, which will allow us to nimbly address market demands in technology and solutions for resellers and direct customers alike.”
About BluePenguin
BluePenguin launched in 2018 with the goal to democratize the massive B2B payments market, which has historically been dominated by legacy systems that are difficult to integrate and slow to adapt. Thanks to BluePenguin’s agile and proprietary platform, the company is bringing the power of B2B virtual payments to underserved customers through their own technologies and trusted business relationships. BluePenguin is located in Alpharetta, Georgia.
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