Executive Change: David Kilat to CrossCheck as SVP of Business Analysis and Operations

CrossCheck, Inc., the nation’s third largest check approval and guarantee company, announced the addition of David Kilat, Senior Vice President of Business Analysis and Operations, to their executive management team.  Kilat will oversee the development and implementation of strategies and processes to increase business efficiencies and assist the launch of new payment products into the merchant marketplace.

“Revolutionary changes in the payments industry, in terms of technology and new banking regulations, have created a unique pathway for innovative companies like CrossCheck to enhance existing services as well as develop new products that will simplify the transaction process for many U.S. merchants,” stated David Kilat. “I see unlimited potential for this 25-year-old company and look forward to advancing its long term corporate mission.” 

Kilat, a Certified Public Accountant, has over 28 years of accounting and leadership experience with companies in the insurance, collection and debt recovery industries. Most recently, as Vice President of Finance for the collection company Transworld Systems, Inc. (TSI, an NCO company), his management team led 19 call centers and over 100 sales offices to record level profits. Kilat spent 16 years in the corporate finance division of Fireman’s Fund Insurance Companies, and has served as a corporate accountant and comptroller for such companies as AIG, PG&E, and Price Waterhouse.

"With his extensive experience as an industry leader and strategic planner, we are pleased to have David join our executive management team. We believe he will be instrumental in facilitating CrossCheck’s growth and expansion in the decades ahead,” said J. David Siembieda, president and CEO of CrossCheck, Inc.

CrossCheck, Inc., a financial services leader since 1983, processes and approves billions of dollars worth of check transactions annually for retail and dealer outlets throughout the U.S. For more than 25 years, its goal has been to increase merchants’ profits by providing efficient and affordable check approval, guarantee and conversion services that can help increase sales and reduce risk. The company is headquartered in Northern California and has an additional office in Texas.  Their services are marketed by a direct sales force, over 1,400 independent sales offices and 134 partners. CrossCheck partners include the nation’s top bank card acquirers which process over 49 percent of the nation’s bankcard volume. Visit www.cross-check.com or call (888) YES-2CHX for more information.