iPayment®
 
 
 

Our Executive Team

Carl Grimstad

President and Chief Executive Officer, Chairman

Carl Grimstad co-founded iPayment and is the Company’s President and CEO. In 2003, Mr. Grimstad led iPayment in a successful IPO (NASDAQ: IPMT). Mr. Grimstad was instrumental in taking iPayment private in 2006. Mr. Grimstad has served since 1995 as the managing partner of GS Capital, LLC, a private investment company. Mr. Grimstad and his family are active supporters of various charities including the Nashville Zoo and the Sexual Assault Center. Mr. Grimstad currently serves as a board member of the Nashville Symphony and as a board member of the Oasis Center, a safe haven for children in trouble. In the past, Mr. Grimstad has served as a trustee of the Cheekwood Botanical Gardens. Mr. Grimstad graduated with a B.A. in Economics from Boston University in 1989.

Mark Monaco

Chief Financial Officer, Director

Mr. Monaco most recently served as Head of Principal Investments at Brooklyn NY Holdings, LLC, the investment organization of the Alfred Lerner Family. From 1996 to 2006, Mr. Monaco was a Managing Director at Windward Capital Management, LLC, a middle market private equity firm focused on financial and business services investments. During his tenure at Windward, Mr. Monaco served as Chairman of Retriever Payment Systems, Inc., a merchant acquiring organization, from 2000 to 2004, when it was acquired by National Processing Company. Prior to joining Windward Capital, Mr. Monaco was at Credit Suisse First Boston, serving as the Director of Finance and Corporate Development after several years in the financial institutions group with the firm's investment banking department. Mr. Monaco earned his MBA in finance from The University of Pennsylvania, The Wharton Graduate School of Business, and received his undergraduate degree from Harvard University. On May 23rd, 2011 Mr. Monaco was appointed to iPayment's Board of Directors.

Robert Torino

Executive Vice President and Chief Operating Officer

Robert Torino has served as our Executive Vice President since the Company’s founding in 2001, and our Chief Operating Officer since 2006. From January 2001 to September 2002, he served as our Chief Financial Officer, and Vice President of Financial Operations from 2002 to 2006. Prior to 2001 Mr. Torino had significant financial and operating experience with several companies including TRUE Software Inc., a software development company sold to McCabe and Associates in 1999, Expressway Technologies,a software development company sold to Sybase in 1995, Technology Concepts, a networking company sold to Bell Atlantic in 1996, Prime Computer, Inc. and Arthur Andersen. Mr. Torino is a Certified Public Accountant. Mr. Torino received his degree from Boston College, Magna Cum Laude, in 1977.