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Digital River Names Hayden Reed Senior Vice President and General Manager for Digital River World Payments

MINNEAPOLIS – May 26, 2015 – Digital River, Inc., a leading global provider of Commerce-as-Service solutions, today announced the appointment of Hayden Reed as senior vice president and general manager of Digital River World Payments. In this role, Reed, who has more than 20 years of financial and payments experience, is responsible for providing strategic direction and driving business growth across the Digital River® World Payments product portfolio, including managing sales and marketing, product management, operations, and mergers and acquisitions.

“Our global enterprise payments offering continues to be core to the value proposition that we deliver to our clients, a compelling competitive differentiator and a key part of Digital River’s long-term growth strategy,” said David Dobson, Digital River’s CEO. “We are pleased to welcome Hayden aboard. He brings a wealth of international payments experience to his new position. We are looking forward to his contributions in extending our leadership as a global payments provider and helping our merchants accelerate their growth across a rapidly expanding ecommerce market.”

Reed’s professional background includes deep experience across financial services and transaction-related businesses, as well as a strong understanding of the global payments landscape. In addition to leading emerging payments technologies as well as international product design, definition and development, Reed has managed strategic partnerships, key channel relationships and acquisitions. He joins Digital River from MasterCard Worldwide, where he served for ten years, most recently as the senior vice president and group head of emerging payments product for credential management.

Prior to MasterCard Worldwide, he served in leadership positions with companies such as First Data Corporation; Electronic Commerce Payments, Inc.; CheckFree Corporation, which is now part of Fiserv, Inc.; Banc One Corporation, which was acquired by JPMorgan Chase & Co.; and Ernst & Young LLP.

“Digital River has earned industry recognition for its international payments expertise and global payments offering,” said Reed. “I am excited to join a company that is working at the center of worldwide ecommerce – a fast-paced and growing industry that holds tremendous opportunity. I look forward to continuing to advance our portfolio of international products and services to create even more choice, competitive advantage and value for our clients.”

In 2014, Digital River processed more than $35 billion in online transactions across more than 240 countries and territories. Today, through its Digital River World Payments solution, the company offers a wide range of customizable services for managing the complete payment lifecycle. These services, which work through a single payments connection, include checkout page optimization, real-time fraud detection, solutions to manage PCI exposure and currency risk, as well as advanced back-office reconciliation services and business intelligence tools.

About Digital River, Inc.
Backed by 20 years of ecommerce experience, Digital River is recognized as a leading global provider of Commerce-as-a-Service solutions. Companies of all sizes rely on Digital River’s cloud-based commerce, payments and marketing services to manage and grow their online businesses. In 2014, Digital River processed more than $35 billion in online transactions, connecting B2B and B2C digital products companies and branded manufacturers with buyers across multiple devices and channels, and nearly every country in the world.

Digital River is headquartered in Minneapolis with offices across the U.S., Asia, Europe and South America. For more details about Digital River, visit the corporate website, read the Digital River Blog, follow the company on Twitter or call +1 952-253-1234.

Digital River is a registered trademark of Digital River, Inc. All other company and product names are trademarks, registrations or copyrights of their respective owners.

Twitter Tags: #ecommerce, #globalpayments, @DigitalRiverInc

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The goal of Digital River’s global public relations team is to provide you with timely information and interesting story ideas. To help you find the right information for your story, please send email inquiries to Public Relations.

Gerri Dyrek
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P: +1 952 225 3719

Kristin McKenzie
Associate Director, Corporate Communications
P: +1 952 225 3718

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