Stan Paur is recognized as a pioneer in the creation of convenient electronic payments systems that hundreds of millions of consumers use everyday to obtain cash and pay for goods and services. He is credited with building and managing one of the preeminent electronic payment networks in the country. He played a crucial role in helping an entire industry grow from infancy to a vital payment channel in the US economy. He was intimately involved in transforming the nature of banking and electronic commerce for consumers and businesses.
Mr. Paur served as Chairman or President and Chief Executive Officer of PULSE EFT for 26 years prior to his retirement from the firm in 2009 after facilitating its merger with DISCOVER. Headquartered in Houston PULSE is one of the leading ATM/debit networks in the world, linking more than 4500 financial institutions across the country with millions of their cardholders to conduct electronic transactions through more than 300,000 ATMs as well as point of sale terminals at retail locations worldwide. Under Stan’s leadership, PULSE grew from a fledgling start up to become a preeminent company that handles more than three billion payment transactions a year. Stan was also instrumental in building payment systems in Europe and China and was an advisor during the founding of the national payments network in India.
Mr. Paur has been actively involved and influential in the development of the nation’s electronic payments programs. From 1986 to 1996 he served as Chairman of the shared Networks Executive Association. In 1999 he was instrumental in that group’s implementation of a highly successful national education program to encourage consumer confidence in electronic payments in conjunction with the Y2K issue.He also served as Chairman of MasterCard’s Maestro U.S.A debit organization, as advisory director to the Independent Banker’s Association of Texas, advisory director to the Payments Card Center at the Philadelphia Federal Reserve Bank, and as a member of the Board and Executive Committee of the Electronic Funds Transfer Association in Washington, D.C. More recently he served an an Advisory Director to Texas based Woodforest National Bank. Mr. Paur’s counsel has been sought by state and federal regulators on electronic payments policy issues. He has served as a frequent speaker at national and International conferences. He has authored well over a hundred widely published articles on electronic payment issues.
Stan is a 1976 graduate of Saint Louis University with an AB in English. He lives in the Woodlands Texas, with Diane, his wife of 45 years.
AB, English 1967