Ixaris forms dedicated tech subsidiary

Payments technology specialist Ixaris is separating its payments technology arm, Ixaris Technologies, to create a fully dedicated tech subsidiary to support its open payments platform offering. Ixaris Technologies, which has received US$6m in launch funding from shareholders, will operate as a separate company, delivering distinct services to its business-to-business (B2B) customers, while its sister company EntroPay will continue to focus on its profitable self-service consumer and small-business virtual card business.

Senior appointments to the new Ixaris Technologies executive team include Dave Joyce as chief operating officer and Doug Gray as chief commercial officer. Joyce previously held senior positions at Visa Europe, while Gray has worked in senior commercial roles within ING and Barclaycard). Both “bring a wealth of experience within the payments industry which Ixaris Technologies needs as it scales its commercial and delivery functions,” an announcement by the company noted.