Payix provides collections tools, payment processing resources and business intelligence solutions to the nation’s lenders and auto dealers. Offering white-label services and real-time loan management system (LMS) integration, the fintech firm helps its clients connect with their borrowers and improve their ability to collect payments. Payix was founded in 2016 and is based in Fort Worth, Texas.
Values and Guiding Principles
At Payix, we have five values that serve as the foundation of our beliefs and reflect our collective truth. They are:
- Honesty – To be unfailingly honest with each other. The truth will bruise a relationship, but a lie will kill it.
- Kindness – To be kind, patient and respectful. To get value from gold, you must dig for it. To get value from people, you must listen for it.
- Determination – To consistently strive for quality. If it’s worth doing, it’s worth doing right.
- Collaboration – To collaborate when facing challenges and solving problems. Never allow fear or ego to block progress.
- Selflessness – To be generous with and share your knowledge, time and capabilities. Build bridges, not barriers.
By subscribing to these values as team members, clients, investors, vendors and business partners, together we can create an environment that fosters our five guiding principles:
- Promote teamwork and camaraderie
- Encourage everyone to contribute, learn and grow
- Drive innovation and responsible risk-taking
- Expect acceptable and appropriate behavior
- Hold everyone accountable for their actions
In so doing, Payix will always be an organization that is truly committed to working hard, creating continuous lasting value, and winning together.
President and Co-founder
Chris is an auto finance veteran with nearly 20 years of industry experience. Prior to co-founding Payix, he was Co-founder and Chief Information Officer for Innovate Auto Finance. Before that he served as an officer in the Information Technology Services department at AmeriCredit (GM Financial), where he worked in the Web Technology, Consumer Strategy, Product Development and Data Warehouse Administration areas. Chris earned a Bachelor of Arts degree in Communication at the University of Texas at Arlington.
Chief Operating Officer and Co-founder
Preston is an expert in Economics, Risk Management, Research and Analytics with 10 years of experience in financial services. Prior to co-founding Payix, he was Vice President of Risk Management at Innovate Auto Finance. He previously was Director of Quantitative Research for Rushmore Investment Advisors. Preston earned a Bachelor of Arts degree in Economics at Austin College and a Master of Science degree in Economic Research, Probability and Statistics at the University of North Texas.
Finance & Accounting Leader
Priscilla joined the company in April 2017 as Corporate Controller and leader of the Finance and Accounting functions. She has worked in corporate financial roles for 10 years, including as Controller for Innovate Auto Finance. Prior to working for Innovate, she also held positions with Alcon Laboratories and Marketing Management Inc. Priscilla earned a Bachelor of Business Administration degree in Management from Tarleton State University in Stephenville, Texas, and a Bachelor of Business Administration degree in Accounting from Tarleton State University in Fort Worth.
IT and Client Integration Leader
Brian joined the company in September 2016. His Information Technology career has spanned more than 25 years in disciplines from software engineering and architecture to project management and digital marketing. He has an extensive background in software and hardware implementations and has a passion for solving the technology needs of every size enterprise. Prior to joining Payix, Brian worked for several financial services organizations, including Fidelity Investments, Innovate Auto Finance and AmeriCredit (GM Financial).
Marketing & Communication Leader
John joined the company in October 2016 and has worked in corporate communications, public relations and marketing in the financial services industry for the past 25 years. Prior to joining Payix, he held senior leadership positions with Think Finance, Nationstar Mortgage and AmeriCredit (GM Financial). John earned a Bachelor of Arts degree in Political Science and Communication at the University of Michigan and a Master of Science degree in Communication at Purdue University.
Payix is PCI DSS Level 1 Certified
The Payment Card Industry (PCI) Security Standards Council (an organization formed by American Express, Discover Financial Services, JCB International, MasterCard Worldwide and Visa Inc.) created the PCI Data Security Standard (DSS) to ensure that businesses follow best practices for protecting their customers’ payment card information. The Standard applies to all entities that store, process or transmit cardholder data and/or sensitive authentication data including merchants, processors, acquirers, issuers, and service providers.
Payix is PCI DSS Level 1 certified, which demonstrates our commitment to information security at the highest level. The PCI DSS standard is validated by an external independent third party, and it confirms that our security management program is comprehensive and follows leading industry practices. This validation provides our clients and their borrowers assurance with regards to our security practices.
“Crossbow Labs recognizes the organization, for its efforts to reduce credit card theft and fraud. By completing the PCI DSS, this organization has committed to maintaining rigorous data security standards to ensure that its customers’ credit card information remains safe and secure. This certificate is valid until the date specified, only if all the PCI-DSS requirements are maintained by the certified entity as per PCI DSS v3.2 standard, for the scope mentioned above.”
Payix Inc. was founded in April 2016 to develop a mobile-based collections tool to help the nation’s lenders and auto dealers engage borrowers and improve their ability to make payments. The company was founded by Chris Chestnut, Preston Cecil and Joe Radest, and together they have created solutions that allow small-to-medium sized independent lenders and dealers leverage the use of data and mobile-technology in ways that were previously available only to major financial institutions and captive lenders. The company registered as a Delaware C Corp. in late 2016 and publicly launched its suite of products in March 2017.