Andrew M. Phillips
President and CEOAndrew M. Phillips is a 28-year veteran of the payment processing industry. Prior to founding CardFlex®, Andy owned and operated several other payment processing companies including CheckRite, a check-recovery franchise, and Integrated Transaction Services, a full-service processing ISO that also specialized in electronic benefits transfers. His technology expertise led him to develop some of the industry’s top processing technologies, including Transaction Central™, a web-based credit card and ACH terminal that features all of the functionality of an electronic countertop terminal. Leveraging his unique experience, Andy founded Payment Resources International, Inc. (PRI) in 1998. He built the company into a leading payment processor, specializing in emerging markets and alternative strategic verticals. Under his leadership, PRI produced above-average portfolio growth with below-average merchant attrition. In 2004, Andy sold PRI and contemplated spending the majority of his time working with nonprofit community organizations. But the transaction processing world is in his blood, and he soon saw a need for a merchant services company that viewed sales and distribution channels as customers. In 2008, Andy created that company when he founded CardFlex®, Inc., a wholesale ISO committed to providing best-of-breed products and services to the merchant and sales-agent communities alike. A highly successful entrepreneur, Andy is also committed to community service. He has served as vice chairman of the Make-A-Wish Foundation of Orange County, serves on the board of directors of the Orange County Alzheimer’s Association, the board of directors of Pacific Mercantile Bank (PMBC), and has been instrumental in the revitalization of the YMCA in Orange County. Andy is happily married with five daughters, four grandchildren, eight horses, and six dogs. He jumps his horses competitively with his wife and two of his daughters, is an avid golfer, and enjoys extreme skiing.