Chesapeake Financial Shares: A New Era for Chesapeake Payment Systems

Chesapeake Financial Shares (CPKF) has announced key executive changes within its Chesapeake Payment Systems division, marking a new era for the company. DJ Seeterlin, previously Chief Innovation and Strategy Officer, has been promoted to President, succeeding Kate Root who transitions to a part-time role as Director of Partner Strategy. This strategic move is expected to drive growth and innovation within the division, as Seeterlin brings his extensive experience in payments and technology to the helm.

Seeterlin's appointment comes at a critical juncture for the payments industry, as the convergence of payments and merchant acquiring services accelerates. With 13 years at the company, Seeterlin has a proven track record of driving innovative payment initiatives, including the implementation of instant payments networks FedNow and RTP. His deep understanding of the industry, coupled with his experience in technology and innovation, positions him well to navigate this confluence for the benefit of Chesapeake Financial Shares' customers.

Root, who has been with the company for 10 years, will continue to play a crucial role in the division's success by focusing on developing high-value partner relationships and identifying new opportunities. Her ongoing involvement will ensure a smooth transition and maintain the division's strong position in the market.



The transition at Chesapeake Payment Systems comes as the division approaches its 30th anniversary in 2025. With a strong foundation and a talented team, Chesapeake Payment Systems is well-positioned to capitalize on the growing demand for innovative payment solutions and strategic partnerships. Under Seeterlin's leadership, the division will continue to support and grow partnerships with Independent Sales Organizations (ISOs), Payment Facilitators, Processors, Sales Agents, Agent Banks, and thousands of businesses enabled to process payments.

As Chesapeake Financial Shares looks to the future, the company remains committed to investing in innovative payment technologies and strategic partnerships to stay competitive and relevant in the rapidly changing landscape. By leveraging Seeterlin's expertise and Root's ongoing involvement, Chesapeake Payment Systems is poised to continue its track record of success and drive growth for the company.

In conclusion, Chesapeake Financial Shares' executive team transition within Chesapeake Payment Systems signals a new era for the division, as DJ Seeterlin takes the helm and Kate Root continues to contribute to the division's success. With a focus on innovation, strategic partnerships, and a strong team, Chesapeake Payment Systems is well-positioned to capitalize on the growing demand for innovative payment solutions and drive growth for the company.