A Story Of Fintech Disruption For The Benefit Of Everyone

Keith Smith
CEO, President

Keith has dedicated his professional career to building and leading innovative businesses in the mobile financial technology, payments, and prepaid industries. As founder and CEO of Payouts Network, he is focused on building and advancing the company’s market-leading payments platform. This revolutionary technology gives B2B and B2C businesses more speed, flexibility, and control over payments to workers, customers, and suppliers.

Before establishing Payouts Network, Keith founded CorFire in partnership with Korean mobile commerce giant SK C&C. He also was a founding member of Firethorn, an early U.S. leader in mobile banking, and ITC FS (acquired by inComm), a leader in gift cards and reloadable prepaid cards. Keith was a senior executive at Concord EFS (acquired by First Data) and Vital Processing (acquired by TSYS). He serves as an advisor to Schedulicity, a leading online scheduling platform for discovering and booking local services in more than 50 different industries.

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.

Aaron Short
Senior Vice President, Finance and Operations

Aaron is an operationally focused finance professional with a wide range of experience in financial technology and other industries, including retail, hotel, and food and beverage. He has led finance and operations for Payouts Network for the past two years. He began his career in customer service for an oil company and accounting for a hotel chain, which helped him learn the importance of seeing a business through the customer’s eyes.

Before coming to Payouts Network, Aaron worked for 10 years at Delaware North, a family-owned business that is one of the largest privately held hospitality and food service companies in the world. He first served as regional controller and then as regional director of finance and IT, based in Bozeman, Montana. He later was promoted to the position of vice president of finance at the company’s Buffalo, New York, headquarters.

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.