Jeff Foster

CO-FOUNDER, JANEFOUR20

Jeff Foster

CO-FOUNDER, JANEFOUR20
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Biography

For the past 18 years, Jeff Foster has worked with some of the world’s largest retailers and financial institutions to define, design and implement e-commerce and retail payment processing and risk management solutions.

Between 1998 and 2012 Mr. Foster founded or co-founded 4 successful companies in the financial services space- Paymentplus, Inc., a payment gateway software company targeting large card-not-present retailers and eventually sold to one of the largest fraud preventions companies in the world; Payventures, which specializes in acquiring, credit card processing, alternative payment processing and foreign exchange solutions for merchants world-wide, processing over $3.5 billion annually in 39 countries; Cardplatforms, which issues pre-paid reloadable (Visa and MasterCard) debit cards in the United States, Latin America and the Caribbean and Payteller, a self-service financial services kiosk business, enabling cash payments for services such as prepaid cellular, bill payments, international long distance, money transfer, and more.

In 2014 Mr. Foster and his co-founder created JaneFour20, a subsidiary of Payteller, in order to respond to overwhelming requests for cash management and financial services solutions in the legal cannabis industry. Mr. Foster’s research and exposure to the issues facing cannabis business owners also prompted him to act as a spokesperson to educate cannabis business owners on the perils of non-compliance. Mr. Foster is considered a payments and fraud subject matter expert, and eloquently addresses the mounting legal and regulatory requirements facing cannabis throughout the United States.

Mr. Foster has been quoted and featured in various publications, including The Wall Street Journal, Business Week, The Financial Times, The Washington Post, The Washington Business Journal, Internet Retailer, The Neilson Report, and Credit Card Management in addition to being a sought after speaker within the payments industry. Mr. Foster has appeared as a keynote or featured speaker at more than 50 events around the world and has appeared on Bloomberg Television and ABC News.