Newtek Merchant Solutions Hires John O’Connor as Chief Revenue Officer

Core Insights - NewtekOne, Inc. announced the hiring of John O'Connor as Chief Revenue Officer for its payment processing subsidiary, Newtek Merchant Solutions (NMS) [1][2] - O'Connor's role will focus on promoting NewtekOne's business and financial solutions to NMS's merchant processing clients, including zero-fee business checking and savings accounts [1][2] - The company aims to drive growth in business deposit accounts, leveraging O'Connor's extensive experience in marketing and financial services [2] Company Overview - NewtekOne is a financial holding company that provides a wide range of business and financial solutions to independent business owners across the United States [3][4] - The company has been operational since 1999, offering cost-efficient products and services to help businesses grow, control expenses, and reduce risk [3] Services Offered - NewtekOne's services include banking through Newtek Bank, business lending, SBA lending solutions, electronic payment processing, accounts receivable financing, inventory financing, insurance solutions, and payroll and benefits solutions [4] - Additionally, the company provides technology solutions such as cloud computing, data backup, IT consulting, and web services through its subsidiary Intelligent Protection Management Corp. [4]