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News Release

PAYMILL strengthens risk management

Online payment provider welcomes Facebook's Jorge Camacho as new Head of Risk & Compliance
Released: 31st October 2013
Publisher: Paymill

Munich 31 October 2013 - After three years of working in risk management and legal & compliance at Facebook, Jorge Camacho will soon be joining online payment services provider PAYMILL. As Head of Risk & Compliance, his new fields of responsibility include risk management and monitoring as well as fraud prevention.

Camacho has seven years of experience in risk management and fraud analysis. The 35-year old lawyer is coming from Facebook where he most recently worked as EMEA Manager in the legal team for the social network’s compliance division. Prior to this, he worked for PayPal where he acquired comprehensive experience in the online payment sector.  Working in the credit risk department, he was responsible for fraud prevention for some large-scale retailers in Germany, Austria, Switzerland, Great Britain and Spain.

The Munich-based online payment service provider PAYMILL is pleased to be welcoming the competent risk management expert: “With Jorge we have a highly experienced specialist joining us. We are convinced that our team can continue to expand our risk management services and explore new avenues with this new addition to the team,” explains Mark Fabian Henkel, co-founder and Managing Director of PAYMILL.

Jorge Camacho considers his new role to be particularly appealing, given the fast-growing nature of the industry: “The digital business and especially the e-payment sector is defined by an unbelievable dynamic – it is growing fast and new niches and development opportunities are opening up all the time. It is therefore all the more important for us to reinforce the company awareness of security and reliability,” says Camacho.

PAYMILL GmbH was founded in Munich in June 2012 and provides online retailers with a simple and comprehensive solution for handling their digital payments in a fast, easy and secure manner. Using PAYMILL’s innovative online payment services, internet service providers can offer customers various payment methods as well as the chance to select their preferred currency and gain greater decision-making freedom when handling payments. PAYMILL is fast and easy for retailers to use as it can quickly be integrated into their own website; it also offers the possibility to create a personalised public appearance.

The company’s investors currently include Holtzbrinck Ventures, Sunstone Capital and Blumberg Capital; the online payment services are currently available in 39 countries in Europe. In addition to company founder Mark Fabian Henkel, the senior management team also includes Dr. Stefan Sambol, Jörg Sutara and Kilian Thalhammer.

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Published by: IT Analysis Communications Ltd.
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