OUR TEAM

David Simon focuses on payments, fintech, banking as a service, merchant acquiring, and regulatory remediation.

 

David was most recently the President and Chief Operating Officer of Newtek Merchant Solutions, a multiplatform payments provider, and an Executive and Board Member of Newtek Bank, NA, where he was instrumental in the bank's acquisition and regulatory approval.

 

Before joining Newtek, David led Visa’s Global Small Business Team, establishing Visa as the market-share leader in every major geography, driving double digit growth, and transforming products and services. Previously, David was the CEO of TriStar Payments, where he leveraged banks and processors to distribute corporate funds in the Specialty Finance, Higher Education, and Healthcare Sectors. He also served as the Head of Prepaid and Credit Cards, and Senior Adviser for Payment Solutions for One West Bank, driving the launch of card programs, including the Magic by Magic Johnson Prepaid Card, and a suite of LA Lakers co-branded cards.

David spent 13 years at Citigroup in a variety of leadership roles and was a Member of Citigroup’s Management Committee. As an EVP in the North America Consumer Bank, David led Citi Cards Customer Engagement to maximize profitability and deepen relationships with 140 million accounts. David also ran Citi Cards Small Business Organization, managed Internet Business Development globally, and served as Electronic Commerce Counsel.

David began his professional career as Counsel to the Board of Governors of the Federal Reserve System, where he concentrated on bank mergers, acquisitions, and electronic commerce matters, including the initial applications for banks and brokers to operate on the Internet. He serves on the Board of Upstate National Bank, NA, and has served as a board member of Newtek Bank, NA. Banamex USA, Citibank (South Dakota), N.A., and Operation Hope.

 

David is a graduate of the University of Michigan and Boston University School of Law.