Embedded payments, the practice of processing transactions inside a software platform rather than routing users to a separate billing system, have become a priority for software companies that want to keep customers inside their own product. SpryPoint, a utility technology provider serving companies across North America, hired Kevin Gallagher as Vice President of Payments to lead SpryWallet, its embedded utility payments platform. Gallagher brings close to three decades of payments industry experience to the position.
What SpryWallet does
SpryWallet is SpryPoint's platform for handling utility bill payments inside SpryPoint's own software. When a water or electric company uses SpryPoint for its operations, SpryWallet gives that utility's customers a way to pay their bills without leaving the provider's system for an external portal or third-party payment page. SpryPoint serves utility companies across North America and is headquartered in Charlottetown, Prince Edward Island. The company describes itself as a technology partner for the utility sector.
The hire
SpryPoint says it brought Gallagher on to accelerate SpryWallet's growth. The company calls him a payments industry veteran. His experience in payments leadership spans close to 30 years. His prior employers are not named in the announcement, and no specific roles from that career are detailed. The announcement also carries no revenue figures, no customer counts for SpryWallet, and no growth targets tied to the hire.
What the record shows
The announcement is a personnel move, not a product launch or a funding event. What it establishes: SpryPoint has an active embedded payments product for utilities, it has named a senior executive to run it, and that executive carries nearly three decades of payments experience. SpryPoint is based in Charlottetown, Prince Edward Island.