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Tough Economy Hurting Some

A new CEO departure was recently announced – it seems as though the online casinos just can’t keep them employed theses days. Neovia plc (previously Neteller) is a top payment processing company that has spent the last year or more overcoming the difficulties of entering a new market and putting the past encounter with the US Department of Justice firmly behind. Ron Martin has acted as CEO of the payment processing company for some years now and has led the company out of the low that occurred at the conclusion of the US negotiations and settlement. Since that time the company has changed it’s name, brand, and image and has really focused on the potential within the European online casino and e-commerce industries.

A key part of Martin’s strategy over the past couple of years has been on building Neovia a base of customers and services that are not wholly dependent on the legality of online casino gambling. Although Neovia still process payments from internet gambling companies, the payment processor also has a vested interest in providing banking solutions for small business looking to sell their products and services online.

Throughout all of the great things Martin has helped the company through, Neovia has announced that Martin left the company as of the end of last month (May). The online casino gambling industry plods on though and so must the payment processor. According to information released by Neovia, Martin is stepping down from his position and Executive Chairman of the Board, Dale Johnson will take temporary CEO position until a replacement is found.