Venture Infotek names new SVP

MUMBAI, INDIA: Venture Infotek, Transaction Management company, today announced that it has appointed Sunith Menon as senior vice president and head — Merchant Business Unit. Menon brings in vast banking industry experience, specializing in the merchant and acquiring business.

Prior to joining Venture Infotek, Menon was Business Head at ICICI Bank, where he headed their merchant acquiring business for the last 3 years, said a press release.

He has also managed auto loans and retail securitization in his 10 year long career with the bank.

Speaking about Menon’s appointment, Piyush Khaitan, managing director, Venture Infotek said, “We are delighted to have Sunith as part of our senior management team. We already manage payment card and other transactions emanating from over 190,000 Merchant locations in India, and he will play an important role in building and taking ahead the merchant business for Venture Infotek.”

The merchant business division of Venture Infotek, not only offers multi-application Point-of-Sale terminals to merchants, but also innovative products such as ExchangePlus, a Dynamic Currency Conversion solution and ‘Eazy2Pay’, a fully secured Internet Payment Gateway. Menon is a B. Tech from the National Institute of Technology (Formerly Regional Engineering College), Calicut.