eftpos CEO and Managing Director
Stephen joined eftpos as CEO in May 2018 after five years serving on the eftpos Board as a non-executive Director. He is responsible for the leadership, development and management of the Company’s business activities in line with the Board-approved strategic plan.
Stephen has broad financial service experience. He has held leadership roles with small and large financial services organisations domestically and internationally, with a track record of delivering innovative customer solutions and business growth. Most recently, Stephen was Head of Consumer Finance and Payments or Westpac Group, responsible for credit cards, personal loans, overdrafts and payments for the Westpac Group of brands in Australia.
Dr Michael Baumann
Michael Baumann joined the eftpos Board in March 2018 and is General Manager for Everyday Banking & Payments at the Commonwealth Bank of Australia with responsibility for managing the transaction account, debit card and foreign exchange portfolios across the bank’s retail and business customers. Michael has been involved in many payments related innovations such as the development of CBA’s everyday banking and payments app.
Prior to that, Michael worked as General Manager Unsecured Lending & Payments and as General Manager in Group Strategy. Prior to joining CBA, Michael was a Principal at the Boston Consulting Group in its Berlin and Sydney offices.
Shane joined the Board in August 2017. He is the Head of Payments at Coles and has held this role since August 2014. Shane is responsible for the payment strategy, products and services provided to all Coles Group retailers. Shane has evolved his extensive payments experience over two decades and held various business roles across schemes, issuing, acquiring and retail businesses.
Kees Kwakernaak joined the eftpos Board in July 2017 and is Managing Director at First Data Australia & New Zealand. He has over 20 years of management and leadership experience in the corporate payments industry across the Asia Pacific.
Kees is responsible for the First Data business across the ANZ region, including the Global Business Solutions (GBS) and Global Financial Services (GFS) businesses. GBS includes First Data Merchant Solutions Australia and GFS includes First Data’s range of transaction, payment, issuing, acquiring and switching solutions.
Kees is also a Director of Australian Payments Network Ltd, First Data Merchant Solutions Australia Pty Ltd, First Data Network Australia Limited, Electronic Banking Solutions Limited, First Data Corporation Australia (Holdings) Pty Limited, First Data Resources Australia Limited, First Data Resources Investments Pty Limited, F.T.S. (NSW) Pty Limited and PaySys International Pty Limited.
Vinay Rao is the Head of Payments for Woolworths Ltd Australia. Vinay is responsible for the payments strategy, payment services, operational and compliance functions for the Woolworths group. Mr. Rao has nearly 20 years of experience in the financial services industry having held various roles across payments, technology, digital business and enterprise delivery.
Prior to joining Woolworths, Mr. Rao held various positions at ING Direct, CBA and Wesfarmers.
Sarah Stubbings joined the eftpos Board in November 2017 and has 20 plus years’ experience in the financial services sector, including 17 years with ANZ. Sarah is currently the Head of Home Loan Product at ANZ and has worked in a number of other roles across Retail Banking at ANZ. Sarah is a qualified Chartered Accountant, a Graduate of the Australian Institute of Company Directors and recently completed the 2017 Williamson Community Leadership Program.
Raksmey Thay joined the eftpos Board in April 2018. Raksmey is the Head of Payments and Personal Loans at Westpac, responsible for payments strategy, personal loans, overdrafts and schemes relationship management across retail banking customers.
Raksmey has more than 15 years of experience in financial services, with a track record of delivering outcomes to customers. She is a Chartered Accountant, with deep experience in product management. Raksmey has held various roles including the management of credit cards and home loans, finance, balance sheet management, risk and compliance, and business delivery such as simplification, service quality and customer remediations.
Alex Twigg is a Co-Founder of SME lender Judo Capital, with more than 25 years of banking and technology experience. Alex has been recognised as one of Asia's top 100 Fintech leaders. He joined the eftpos board as an Independent Director in March 2018 and is also a member of Advisory Boards to Fintechs Spriggy.com.au and Douugh.com.au
Previously, Alex was UBank CEO and Group General Manager of Services at Woolworths.
Simone Van Veen
In August 2016, Simone was appointed as General Manager, Acquiring, HICAPS and Commercial cards for NAB where she is responsible for strategic development and business performance.
Simone has held various roles over the past 20 years within digital, transactional products, marketing and projects, providing her with broad experience across payments and other aspects of financial services. In addition to her experience within NAB, Simone has worked as a consultant and as a sole trader in both delivery and customer facing roles.
Derek is the Chief Executive Officer at Indue Ltd. With 20 years’ experience in payments, banking and technology he is a seasoned executive having held a broad range of senior executive positions including strategy, product, innovation, CFO and COO roles. With a strong track record for leading transformative programs, Derek continues to focus on the growth of strategic partnerships, payments innovation and digital disruption within a dynamic marketplace. In addition to eftpos, Derek holds alternate Director roles on the Australian Payments Council and the Australian Payments Network.