Rev Worldwide Adds Key Executives To Growing Operations

Company Names Mauricio Benavides, CEO of Latin America; Daryn Griggs, CEO of Rev Asia Pacific; and David Clifton, SVP of Global Merchant Services

AUSTIN, Texas, May 2, 2012 /PRNewswire-Asia/ -- Today Rev Worldwide, a global leader in financial services and mobile payment products for underserved markets, welcomed former GE Capital Executive, Mauricio Benavides, as the Company's Chief Executive Officer of Latin America; former Visa Executive Daryn Griggs as the Chief Executive Officer of the company's Asia Pacific region; and former Dell Executive Director David Clifton, as the company's Senior Vice President of Global Merchant Services.

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"These new executives bring best in class to Rev's core growth areas," said Roy Rosa, Co-Founder and CEO of Rev Worldwide. "Each of these executives embraces the company's mission of providing innovative financial services to the underserved, and brings the operational experience we've been looking for to match the global opportunity," he added.

Mr. Benavides will be taking the position of CEO of Latin America for Rev Worldwide. Mr. Benavides's background and key leadership roles throughout the world have positioned him to directly impact Rev Worldwide's presence in Latin America, with a focus on strategic partnerships, operational efficiencies, and management. He comes to Rev as former CEO of a Distribution Hotel Company based in Europe. He previously served as a Vice President at General Electric, where, for eight years, he held a series of leadership roles including areas of responsibility in sales, risk, finance, and M&A. He also proudly served for three years as the national co-leader for the GE Hispanic Forum.  He currently sits on several boards in areas of finance, real estate, manufacturing, and food distribution worldwide.

Mr. Benavides holds a Bachelor's degree in Industrial Engineering from ITESM Mexico, and an MBA in Entrepreneurship and Finance from The Johnson Graduate School of Management at Cornell. He will be based out of Mexico City where he lives with his wife and their three daughters.

Mr. Daryn Griggs joins Rev with an extensive background in prepaid, processing, payment networks, and payment product innovation management and sales. His entrepreneurship-driven experience will ensure Rev Worldwide's continued growth throughout the Asia Pacific region. He was instrumental in building VISA Processing Services as it emerged from Yalamanchilli of India. He spent close to four years at VISA as Head of Global Sales, responsible for processing services, before moving onto head Prepaid for Visa Australia and Prepaid Innovation for VISA's APCEMEA region. He has worked extensively around card technology and POS systems as the founder of Smart Card Innovations in Singapore.

Mr. Griggs will be based out of Brisbane in Queensland, Australia, where he lives with his wife and son.  

Mr. David Clifton's experience as an Executive Director leading Dell's North American Consumer and Small Office marketing will enable him to have an immediate impact on the products and services Rev is developing for Small Businesses and Consumers worldwide. Prior to leading North American Marketing, he led Marketing for Dell's Europe Middle East and Africa division, while living in the United Kingdom. His international experience provides a solid background for the continued expansion of Rev's products.

As the leader of Rev's new Global Merchant Services, Mr. Clifton also takes ownership of Rev's innovative mobile payment platform, COIN, specifically developed to empower small business owners everywhere, due to launch next month.

Mr. Clifton received his Bachelor's degree from the University of Texas and completed the Wharton Executive Program specializing in Finance and Accounting. He will be based out of Rev's global headquarters in Austin, Texas, where he lives with his wife and three daughters.

Rev currently serves customers in 12 countries, with operations in the US, Latin America, Europe and Asia Pacific. For more information on Rev Worldwide's innovative payment products and services, please visit the newly launched website, www.RevWorldwide.com.

About Rev Worldwide

Dedicated to driving widespread commercial availability of financial services in underserved markets around the world, Rev Worldwide helps partners rapidly and effectively access hard-to-reach markets and enables underserved consumers to make affordable, safe and convenient financial transactions. Rev's full range of integrated mobile and prepaid card solutions - including Rev-branded, co-branded and affinity products - are issued by banks, powered by its multi-language, multi-currency processing platform and delivered by partners and directly to consumers through its growing retail network. Rev is headquartered in Austin, Texas and operates in North America, Latin America, Europe, and Asia-Pacific and is a member of the MPOWER Ventures investment portfolio. Learn more at www.RevWorldwide.com