iPayment®
 
 
 

Our Executive Team

Greg Daily

Chief Executive Officer

Greg Daily has served as Chairman of the board of directors and Chief Executive Officer since February 2001. In 1984, Mr. Daily co-founded PMT Services, Inc., a credit card processing company, and served as President of PMT Services, Inc. Mr. Daily served as the Vice-Chairman of the board of directors of NOVA Corporation from September 1998 until May 2001. Mr. Daily has served as the Chief Manager and President of Caymas, LLC, a private investment company, since January 2001 and he has served as the Chief Executive Officer of Hardsworth, LLC, a private investment company, since May 1997.

Carl Grimstad

President

Carl Grimstad co-founded iPayment and has served as the Company’s President since inception. In 2003, Mr. Grimstad led iPayment in a successful IPO (NASDAQ: IPMT). Mr. Grimstad was instrumental in taking iPayment private in 2006. Mr. Grimstad has served since 1995 as the managing partner of GS Capital, LLC, a private investment company. Mr. Grimstad and his family are active supporters of various charities including the Nashville Zoo and the Sexual Assault Center. Mr. Grimstad currently serves as a trustee of the Cheekwood Botanical Gardens, as a board member of the Nashville Symphony and as a board member of the Oasis Center, a safe haven for children in trouble. Mr. Grimstad graduated with a B.A. in Economics from Boston University in 1989.

Clay Whitson

Chief Financial Officer

Clay Whitson has served as our Chief Financial Officer and Treasurer since October 2002. From November 1998 to September 2002, Mr. Whitson was Chief Financial Officer of The Corporate Executive Board Company, a provider of best practices research and quantitative analysis focusing on corporate strategy, operations and general management issues. From 1996 to October 1998, Mr. Whitson served as the Chief Financial Officer of PMT Services, Inc., a credit card processing company. Mr. Whitson graduated with a B.A. from Southern Methodist University and an M.B.A. from the University of Virginia, Colgate Darden School of Business.

Robert Torino

Executive Vice President

Robert Torino has served as our Executive Vice President since the Company’s founding in 2001. From January 2001 to September 2002, he served as our Chief Financial Officer. From October 1999 to April 2000, Mr. Torino served as Chief Executive Officer of M80 Technologies, Inc., a start-up software development company. Mr. Torino served as President and Chief Executive Officer of TRUE Software Inc., a software development company, from April 1995 until its acquisition by McCabe & Associates in October 1999.

Afshin M. Yazdian

Executive Vice President

Afshin M. Yazdian has served as our Executive Vice President and General Counsel since the Company’s founding. Mr. Yazdian previously served as General Counsel and Vice President of Mergers and Acquisitions for eConception, a technology venture fund. Prior, Mr. Yazdian practiced in the Corporate and Mergers & Acquisitions groups at the law firm of Waller Lansden Dortch & Davis, PLLC in Nashville, Tennessee. Mr. Yazdian is currently on the board of the Nashville Jewish Federation and is involved in a variety of other local and national charities. Mr. Yazdian graduated from Emory University with a BBA in business, and graduated with honors from the University of Miami School of Law.