A Story Of Fintech Disruption For The Benefit Of Everyone

Keith Smith
CEO, President

Keith is an entrepreneur and fintech expert who has dedicated his career to building and leading innovative businesses in the mobile technology, payments and prepaid industries. He specializes in modernizing financial technologies to create new value and drives business growth.

As founder, CEO and President of Payouts Network, he is focused on expanding the company's market-leading payments platform. This revolutionary technology gives businesses more speed, flexibility, and control over payments to workers, customers, and suppliers, and transforms customer experiences across a variety of industries.

Before establishing Payouts Network, Keith founded CorFire in partnership with Korean mobile comm SK C&C. He was a founding member of Firethorn, an early U.S. leader in mobile banking, and ITC (acquired by inComm), a leader in gift cards and reloadable prepaid cards. Previously, Keith was a senior executive at Concord EFS (acquired by First Data) and an EVP at Vital Processing (acquired by TSYS) as well as CEO of Vital Merchant Services.

Keith serves as an advisor to Schedulicity, a leading online scheduling platform for discovering and booking local services in more than 50 different industries. Most recently, he was appointed to the board of Fintech Atlanta, a coalition of companies working to advance Atlanta as a global capital of financial technology. Connect with Keith on LinkedIn.

Steve Bacastow
Chief Technology, and Compliance Officer

An innovator in the financial technology industry, Steve has been awarded more than 20 patents for products ranging from secure payment processing to data access management and classification to multi-factor and biometric authentication. In his current role with Payouts Network, he uses his deep technology expertise to ensure that the company’s one-of-a-kind, proprietary payment products remain secure and compliant.

Steve is a co-founder and continues to serve on the board of QuickVault, a SaaS solution that helps secure and protect sensitive information. He was responsible for regulatory compliance for licensed money transmission products and services at Fiserv and for prepaid products at First Data. As a principal payment industry consultant for Collective Dynamics for more than 20 years, he worked on product and technology improvements for major players in the payments industry, including Global Payments, SK C&C, PayPal, and TSYS.

Steve is a member of the Information Systems Audit and Control Association, from which he received the designation of Certified Information Systems Auditor.

Eric Stoffel
Vice President, Product

Eric joined Payouts Network in 2017 to manage the end-to-end lifecycle for the company’s product suite, building highly flexible and scalable solutions for  organizations that require greater visibility and control over payments.

He came to Payouts Network from Composite Apps, where he served as head of  products/projects. He conceptualized and implemented leading business intelligence solutions for companies seeking to maximize visibility, efficiency, and profitability. As a project manager at Jackson Aerospace, he was responsible for oversight, organization, and allocation of more than 9,000 aerospace-grade line items for initiatives such as the Mars Curiosity Rover, B-2 Bomber, and AH-64 Apache. He also redesigned and developed an automated inventory system for real-time inventory updating, management, and tracking.

Jeff Johnson
Chief Revenue Officer

Jeff is a payments and fintech industry veteran and the chief revenue officer at Payouts Network. As an accomplished payments industry executive, Jeff has more than 25 years’ experience in the development and distribution of payment solutions including fintech, prepaid and real time disbursements.

Jeff is well known for collaborative partnerships and long-term relationships that enable major brands to embed modern payments solutions into their business and generate new value for customers.

He specializes in orchestrating complex enterprise partnerships, creating scalable solutions and remarkable results for some of the biggest brands across retail, hospitality, travel, restaurants, and financial institutions.

Jeff has held several executive leadership positions with major payments and fintech leaders, including SVP at First Data (Fiserv), Chief Revenue Officer at Card Compliant and Chief Prepaid Officer and Head of Global Prepaid at Western Union. He also led the commercial prepaid channel at Global Payments division Netspend, which grew to more than 5,000 employer relationships across paycard, tip, incentive, disbursements and reward programs.

As a board member at Atlanta fintech DataSeers, Jeff advises on strategy, business development, customer acquisition and more. Jeff is headquartered in Atlanta, one of the biggest payments and fintech hubs in the country.