Synch Payments has appointed Tim Fitzpatrick as chairman of its board, as the joint venture company moves to introduce its instant mobile payments app.
Fitzpatrick’s previous experience includes senior executive roles in HSBC Bank as well as chief executive of CHAPS, one of the largest high-value payment systems in the world, and non-executive director and chair of the audit committee at Pay.Uk, which runs Britain’s retail payments operations.
In respect of payments, he has also been a senior advisor to the Bank of England.
Synch is a new mobile instant payment app devised in 2020 by AIB, Bank of Ireland, Permanent TSB and KBC and received clearance from the Competition and Consumer Protection Commission last June.
Similar types of mobile payment services are already available in many countries in the European Union.
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Synch managing director Inez Cooper said: “With his extensive experience in the payments industry, Tim will play a key leadership role in the progress of Synch and I’m looking forward to working with him as we move towards launch and building a more exciting future for instant mobile account to account payments for the benefit of customers and businesses right across the country.”
Fitzpatrick commented: “This is a very interesting time for Synch as it looks to launch an industry-wide mobile instant payment service, revolutionising the mobile payments sector in Ireland and delivering greater efficiencies for consumers and businesses.
“By leveraging my many years of experience within the payments industry, I look forward to bringing my insights and experience to the table.”
Synch Payments recently inked an agreement with European pay-tech leader Nexi as its mobile payments platform and service provider, to enable the company to bring the Synch app to Irish users.
