InterPayments, the leader in compliant managed surcharge solutions, today announced the appointment of former CEO and president of Discover Financial Services (NYSE: DFS), Roger Hochschild, to its board of directors.
This strategic appointment underscores InterPayments’ mission to empower merchants to manage their cost of acceptance directly and through partnerships with US banks, payment processors, and software platforms.
“We are honored to welcome Roger and his unparalleled experience and insight of the fee recovery landscape he brings to the table,” said InterPayments CEO, Nagendra Jayanty. “He sees the need for a Managed Surcharge Provider that can tailor a fully compliant and automated surcharging program to equitably support businesses and their customers, card networks, and governments. Roger’s appointment validates businesses’ growing demand for managed surcharge solutions and InterPayments’ strong position to meet that need.”
Hochschild brings over 35 years of payments expertise to InterPayments, including serving as chief administrative and strategic officer at Morgan Stanley and a 25-year tenure at Discover. As Discover’s CEO and president, he was responsible for all operations and direct banking services, engaging extensively with merchants, software platforms, and payment processors about the growing demand for fee recovery solutions and the complex regulatory challenges that payment system participants face. Hochschild earned his undergraduate degree from Georgetown University and his MBA degree from Tuck School of Business at Dartmouth. He is also a member of the Principal Financial Group board of directors.
“For years, I’ve seen merchants and software platforms looking to manage their cost of payments acceptance. InterPayments stands out as a unique player whose mission truly aligns with its customers’ and partners’ success and is the only company providing a robust, compliant solution,” said Hochschild. “This is evidenced by its impressive client roster of Fortune 1000 merchants, top 20 banks, major processors, and software vendors. I could not be more excited to be joining the InterPayments team.” InterPayments has distinguished itself as a “payments facilitator”—a guiding principle that guarantees seamless compatibility with any payment system and provider. InterPayments fully aligns its objectives with merchant and partner outcomes, ensuring genuine cost savings and compliance. InterPayments is the only surcharge service that indemnifies against state/provincial, federal, and card network noncompliance. As a Managed Surcharge Provider, InterPayments implements a holistic, end-to-end compliant surcharge program through both state-of-the-art technology and advisory services.
InterPayments has distinguished itself as a “payments facilitator”—a guiding principle that guarantees seamless compatibility with any payment system and provider. InterPayments fully aligns its objectives with merchant and partner outcomes, ensuring genuine cost savings and compliance. InterPayments is the only surcharge service that indemnifies against state/provincial, federal, and card network noncompliance. As a Managed Surcharge Provider, InterPayments implements a holistic, end-to-end compliant surcharge program through both state-of-the-art technology and advisory services.
With Hochschild on the board, InterPayments will further strengthen its position as a fintech innovator and its unwavering commitment to providing fair and trustworthy services to all participants in the payments process.