Posted on October 18, 2016 by staff

FinTech firm VST Enterprises targets US expansion


VST Enterprises has targeted North American expansion with the appointment of two former Elavon vice presidents.

The Manchester-based payment authentication company added industry heavyweights Joseph Cohane and Stephanie Sharp to its business development team to focus on strategic partnerships.

The experienced duo will join collectively under the company Relevant Payment Consulting and specialise in the financial transactions and fraud prevention functionality of VST Enterprises’ award-winning scanable symbol technology, VCode.

Elavon is a leading payment processing company in the US.

VCode is used across many sectors, from document verification to unattended car park payment systems and interactive charitable giving transactions.

“My experience tells me that this business is one of few start-ups operating in the authentication space that has the genuine capability to transform lives, and unite security protocol across verticals,” said Cohane.

“I am very excited to be able to play a part in its success.”

Sharp added: “VCode presents a solution to security and authentication issues that continue to hinder the next generation of financial technology.

“The business is committed to international expansion so it will be really interesting to see the impact it has on the global payments arena.

“I have no doubt that this will just be the beginning of even bigger things to come from the team.”

The announcement comes on the back of the news that the company has opened a new office in New York, and will be opening a second U.S office in Reno later this year.

Louis-James Davis, chief executive and founder of VST Enterprises, says: “The addition of Joseph and Stephanie comes at a very important stage in our company’s progression.

“It marks further expansion to the U.S. and demonstrates our commitment to being experts in our vertical markets, such as payments.

“We’ve come an incredibly long way in such a short amount of time. I believe this is due to the growing need for a solution like VCode in the market.

“We’re delighted to be taking the next step towards offering our scanable, secure image technology to a global and varied customer base.”

The proprietary VCode app is compatible with all iOS and Android smartphones and tablets and, unlike traditional bar or QR codes, VCodes can be scanned from any screened media, from distances of up to 100m and most angles.