Clear the way for profitable growth with a powerful commercial lending strategy. With PayNet, you’ll be ready to lead the digital lending revolution.
To make commercial financing easy for your customers, you've got to make accurate lending decisions quickly. PayNet’s predictive data delivers.
To capitalize on C&I growth opportunities—while maintaining a healthy loan portfolio—you need on-demand, credible commercial credit data. PayNet delivers the goods with secure, real-time access to metrics from more than 25 million small and private business contracts—representing more than $1.7 trillion in obligations.
Stay on top of commercial credit trends, around the corner and across the country. PayNet’s your source for insights into lending activity, loan performance, and more: it’s all here, and it’s all free.
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Chairman and CEO
Thomas Butler is an experienced senior executive offering a wealth of experience in strategic planning, financial management, and corporate oversight. Before joining PayNet in 2002, Mr. Butler was President and COO of Discover Card and Chairman of the Board for Discover Bank of Delaware. Earlier, he was Director of New Ventures and Corporate Planning for Sears, Roebuck & Co.
President and Co-Founder
William Phelan co-founded PayNet in 2000 with the belief that when commercial lenders are assured of risks, they’re more likely to make credit available, unlocking opportunity for small businesses. As president, Mr. Phelan oversees sales, marketing, analytics and information technology across the U.S. and Canada.
Chief Financial Officer
Paul Tennola’s responsibilities include financial management, strategic planning, corporate finance, accounting, and investor relations. For over 28 years, Mr. Tennola has held a variety of financial leadership positions specializing in corporate strategy, finance, operations and M&A/corporate development.
Senior Vice President, Analytics and Product Development
Thomas Ware has 20 years’ experience in banking and equipment finance, including as Senior Vice President, Operations & Chief Credit Officer of American Express Equipment Finance. Mr. Ware became acquainted with PayNet as a potential customer, while serving as Vice President & General Manager of a billion-dollar business unit at CNH (Case) Capital Corporation.
Vice President Technology and Operations
Craig Odegaard is responsible for the management and oversight of information technology and operations related to development, integrations, operations, infrastructure, quality and corporate security. He is instrumental in helping PayNet introduce new products to new markets, grow in current markets and enhance technology capabilities.
Senior Vice President, Marketing
Believing that marketing is both an art and science, Rissa Reddan demonstrates a range of talents from the creative to the quantitative to board governance. With a penchant for bold decision-making and the versatility to translate complicated topics into simple ideas, Ms. Reddan connects, creates, and coaches for success.
