PayCompass Appoints Jeff Schmidt as CFO
Company - People | May 05, 2025 | EIN
PayCompass has appointed Jeff Schmidt as its new Chief Financial Officer. Schmidt, who has over 20 years of executive financial experience from leading banking institutions like Bank of America and JPMorgan Chase, will be responsible for overseeing all financial operations including forecasting, reporting, and strategic financial planning at PayCompass. The company, which was founded by Justin Volrath in 2020, aims to redefine the payments industry with its #AgentFirst philosophy and continues expanding its national presence. Schmidt's extensive experience and strategic mindset are expected to contribute significantly to the company's growth objectives. Based in Tempe, Arizona, PayCompass processes billions for various stakeholders and is committed to contributing innovative payment solutions to the market.
Sectors
- Financial Services
- Payments Industry
Geography
- United States – PayCompass is based in Tempe, Arizona, and the appointment of Jeff Schmidt takes place within the context of American financial institutions.
Industry
- Financial Services – The article involves PayCompass and Jeff Schmidt, both operating in financial roles and institutions such as Bank of America and JPMorgan Chase.
- Payments Industry – PayCompass is positioned within the payments industry, providing solutions and processing billions of transactions for merchants and partners.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| PayCompass | Target Company | Company | Founded in 2020 by Justin Volrath, it redefines the payments industry with an #AgentFirst philosophy. |
| Jeff Schmidt | Appointee - Chief Financial Officer | Person | Newly appointed CFO at PayCompass, with over 20 years of financial leadership experience at Bank of America and JPMorgan Chase. |
| Bank of America | Former Employer | Company | Jeff Schmidt served as Senior Vice President, Reporting & Analytics Executive here for nearly 13 years. |
| JPMorgan Chase & Co. | Former Employer | Company | Jeff Schmidt was SVP CFO of Mortgage Operations/Finance here, overseeing strategic financial initiatives. |
| Justin Volrath | Founder and CEO of PayCompass | Person | Founder and CEO of PayCompass, remarks on the strategic value Jeff Schmidt brings to the company. |