Paysign, Inc. Reinforces Payment Processing Acumen With New Executive Hire
HENDERSON, Nev. - Paysign, Inc. (NASDAQ: PAYS) has made a strategic move to bolster its position as an end-to-end payment processor with the appointment of Sandy Ortins as the company’s vice president of electronic funds transfer (EFT) services. This executive hire comes as Paysign aims to strengthen its foundation in payment processing and improve its return on investment (ROI).
Ortins, who brings extensive experience in electronic funds transfer services, joins Paysign to contribute her expertise, ensuring the company remains at the forefront of payment processing solutions. Her appointment aligns with Paysign’s commitment to providing prepaid card programs, comprehensive patient affordability offerings, digital banking services, and integrated payment processing.
In its third quarter of 2023, Paysign achieved a return on average invested assets (ROI) of 7.45%, which falls below the company’s average ROI of 34.33%. However, there has been improvement in ROI compared to the second quarter of 2023, primarily driven by net income growth. Although Paysign lags behind 127 other companies in the Services sector with higher ROI, its overall ranking in terms of ROI has progressed to 981 in the Sep 30, 2023 quarter, up from 1147 in the previous quarter.
Paysign’s decision to hire Ortins showcases the company’s dedication to enhancing its payment processing capabilities and optimizing ROI. With Ortins now on board, Paysign aims to leverage her expertise in EFT services to further strengthen its position as a leading payment processor.
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