Press
1to1 Card appoints Daniel P. Grotto member of advisory board and CFO
CHICAGO, IL (January 13, 2015) — 1to1 Card (www.1to1card.com), a leader and innovator in prepaid card management services, today announced that Daniel P. Grotto has joined the company as member of the company’s advisory board and Chief Financial Officer. Drawing on his extensive management experience, he will have a significant role in helping the company realize its strategic objectives.
In addition to his extensive knowledge of the prepaid industry, Mr. Grotto brings more than 25 years of investment and retail banking experience including bank acquisitions, bank divestitures, venture capital investments, and senior management positions as President, CEO and member of the board of directors of several Midwest financial institutions.
Mr. Grotto’s distinguished track record of success includes his position as President of Prepaid Solutions, Inc., formerly owned by West Suburban Bank, where he founded and subsequently guided its sale to Navigation Capital Partners, LLC. Prior to the sale, Mr. Grotto was a senior executive of West Suburban Bank in Chicago, Illinois for almost nine years, serving as a strategist advising the President, CEO and the board of directors. At the time of the sale of Prepaid Solutions, he and his team were managing over 250 active prepaid programs. Mr. Grotto developed multiple prepaid product offerings including global maritime payroll programs on over 150 ships that offered payroll and currency conversion in more than 36 currencies, corporate and consumer gift card programs, corporate incentive card programs, B2B international currency card programs, general purpose reloadable card programs, and payroll card programs. Additional roles included his position as Managing Director for PNC Capital Markets and Managing Director at ABN AMRO Capital markets.He has also served as a Senior Corporate Finance Consultant and Managing Director within the Corporate Finance Group at Harris Trust and Savings Bank/Bank of Montreal.
“Dan Grotto brings exceptional experience in operational and senior financial advisory roles, as well as deep experience in the prepaid industry to our advisory board and leadership team at a time when we are moving aggressively forward to execute our plans for expansion. His demonstrated achievements in enhancing financial operations to optimize growth will be of particular importance as we enter a new phase of business development,” said 1to1 Card President and CEO Mark Tepper.
Mr. Grotto noted, “I’ve watched 1to1 Card over the years and have been impressed by its strong reputation and position in the prepaid industry. I couldn’t be more delighted to be a part of helping achieve the company’s vision for a robust future as we move to capitalize on its surging momentum and exciting plans for expansion.”
Commenting on 1to1 Card’s strategic plans, Tepper said that he expects to make a significant announcement in the very near future that will signal a new era for the prepaid program provider.
About 1to1 Card
1to1 Card (www.1to1card.com), is a recognized leader in the delivery of prepaid card program services for multiple payment products including incentive, loyalty, promotional, rebates, pay cards, and general purpose reloadable cards. We provide creative, affordable, customer-centric solutions and exceptional system integration with card brands, card manufacturers, multiple banks and processors in the U.S., Canada and the EU. Some of the world’s most recognized brands are extending their success with our services including payment solution companies, loyalty and incentive companies, marketing companies, wellness reward companies, insurance companies, workers compensation companies, and employers. To find out what we can do for you, visit www.1to1card.com or call us at (866) 829-0707.