Powerful New Payments Platform Scores Another Early Win with Addition of Leading Global Payments Expert
SAN FRANCISCO, October 28, 2021--(BUSINESS WIRE)--Flow Networks, creator of the Flow Platform that connects issuers and merchants with customers at the moment of payment and beyond, announced today that it has appointed Sam Shrauger as an advisor. Shrauger has led the development of the payments space for the past 20 years, developing transformational products and innovating through some of society’s most complex transactions problems.
Shrauger is the Global Head of Payments, Chairman and CEO of Airbnb Payments Inc. He brings deep subject matter expertise in global and domestic payment systems, payment network architectures and functions, and digital and mobile payment solutions. Prior to joining Airbnb, he served in product leadership positions at Visa and PayPal. He also serves on the board of Dock, an innovator in financial technology infrastructure across Latin America.
As Flow Networks advisor, Shrauger’s role is to assist and challenge company leadership on issues of strategy and emerging payment network trends, and he will also help Flow navigate relationships with merchants, investors, and industry leaders.
Flow Networks Co-Founder Chris Boncimino said, "At Flow, we’ve built on the lightbulb moment of the untapped potential of the payment notification and digital receipt. It’s incredible when you review the results with one of greatest minds in the payments industry, like Sam, and have his support as Flow leads this transformational change. We believe Flow Networks is the platform that will revolutionize the way card issuers and merchants think about connecting with their customers."
Shrauger said, "The flow of data from merchants to issuers to consumers that unlock rich experiences is a greenfield space in payments and Fintech. The Flow Platform is the first solution capable of allowing merchants, issuers and consumers to interact more deeply and form relationships deeper, more meaningful relationships, rather than just simply transact. The industry has been waiting for a solution such as this, and I’m excited to be part of Flow’s pioneering journey."
The Flow Platform is an intuitive and powerful platform built on top of any payment feed, enabling card issuers and merchants to engage with customers, multiple times a day, based on the customer’s real-time payment behavior. This new level of merchant-customer connectivity reduces waste, increases engagement, and builds brand value.
About Flow Networks
Flow Networks provides the engine for connecting consumers with the brands they love and value at the point of sale and beyond. The Flow platform provides a source of consumer engagement triggered at the moment of payment, while simultaneously providing secure and private digital receipts back to the originating payment source. The Flow Platform was created for card issuers and merchants to reach, engage, and retain customers by getting them to use their products and services again, again and again.
To learn more about how Flow provides an engaging customer experience while making paper receipts extinct, visit FlowNetworks.io.
View source version on businesswire.com: https://www.businesswire.com/news/home/20211028005598/en/