YapStone, Inc. Appoints VP of Risk Management
20 June 2000
Dennis G. Beckmann to Oversee YapStone's Risk Management ResponsibilitiesMINNETONKA, Minn. YapStone, Inc., the easy-to-use online payment service for the property rental and used automotive markets, announced today the appointment of Dennis G. Beckmann as Vice President of Risk Management and Operations. Prior to joining YapStone, Beckmann was Director of Risk Management for Fingerhut Companies, Inc. He also worked for Bank of America Credit Card Group as Vice President of Credit Risk and American Express in credit and econometric related positions. Beckmann earned his Ph.D. in economics from the University of Iowa. "Dr. Beckmann is an exceptional addition to the YapStone team," said Kirk Honour, President and founder of YapStone. "His wealth of experience, and deep understanding of risk modeling and economics significantly enhances our existing risk management foundation." Beckmann will be responsible for numerous aspects of merchant operations, including refining and implementing risk management methodology for all products and services offered and managing customer service operations. He will also be in charge of building, maintaining and analyzing an in-depth, consumer financial database. "I am very excited to be joining YapStone," said Beckmann. "I look forward to using my expertise to further YapStone's position as the leader in its marketspace. Kirk has surrounded himself with the best executives in the business and I look forward to contributing my talents to this dynamic and growing company." About YapStone YapStone, Inc. is the premiere Internet-based company that enables individuals and businesses to accept credit card payments, through the Internet or by telephone, without incurring costly setup and maintenance fees normally associated with processing these types of transactions. YapStone provides turnkey credit card payment solutions for residence, vacation and commercial property rental, and person-to-person used car sales.