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333 Bush Street, 26th Floor
San Francisco, CA 94104
Website Company Summary Management Team

Management: David Kvederis (President/CEO) Richard A Howell (VP Mobile Payments) Dennis Mierzwa (Division VP & GM) Mary Ellen Putnam (VP & General Manager) Bryan Schreiber (CFO);  Don Suva (Controller) David Keenan (VP Sales & Marketing)
Outside board: Jordan M Spiegel (Spiegel Partners Managing General Partner);  Tim Flynn (individual investor);  Maurice Gallagher (Flynn & Gall);  Jack Hancock (Wells Fargo-EVP)

Business description: BankServ has the technology and services to meet your payment and funds transfer needs in today's cost conscious business environment. With decades of experience in the banking industry, BankServ's senior management knows what it takes to run major payment operations in a timely, efficient manner. From our beginnings five years ago as one of the first U.S. companies to offer point-of-sale electronic check conversion and ACH item processing to merchants, BankServ has steadily developed a payments infrastructure and expertise that support the needs of business in the age of eCommerce. BankServ already is well known for GFX (software version) and GFXN (ASP version) in U. S. financial institutions, where it currently processes nearly $3 billion a day in wire transfers on behalf of more than 100 U.S. financial institutions. The company recently announced that it had passed the trillion-dollar mark in Fedwire transfers since its inception nearly six years ago. It is also heavily involved in electronic check (eCheck) and Automated Clearing House (ACH) processing for Internet and other businesses.
Customers include: SVB Capital
Partners include: AribaCTSpaceDigital InsighteMotionExperianFiservHypercomTarantellaTyler TechnologiesUS BankVeriSignWells Fargo Bank;  ABN AMRO;  Auction Broker Software;;  Carmody Data Systems;  CertCo;  FLS;  FLS;  Hunter Systems;  Insta-Check;  Magnet Communications;  Munis;  Netik;;  Network Commerce;  PAR3;  Politzer and Haney;  PurchasePro;  Stratus Technologies;  Tartan Technology;  The Bancorp Bank;  Thomson Financial;  Union Bank of India

Rounds: 1
Capital raised: 2.0M
Ownership: Private  

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Record updated: Sep 2010
Sector: Software
Year Founded: 1996
Rounds: 1
Capital raised: 2.0M
Ownership: Private