Sionic appoints Matthew Watson as Chief Technology Officer

By Gloria Methri

Sionic, the provider of omni-commerce, faster digital payments solutions, has appointed Matthew Watson as Chief Technology Officer (CTO). Watson brings more than 30 years of experience in developing and delivering enterprise technology solutions in a broad range of verticals including travel, insurance, medical, automotive, and pre-paid industries.

As CTO, he will oversee the company’s global IT initiatives, as well as support the consumer demand for a faster and more secure payment solution.

“Having worked with Sionic in my previous leadership position, I am honored to join an organization that is recognized for its innovations and continued contributions to the industry, as well as for its solid track record of providing proven, reliable solutions,” said Matthew Watson, CTO, Sionic.

Prior to joining Sionic, he was CTO for InComm and helped create enterprise transaction processing systems for Target, Walmart, CVS, and other global retailers. Additionally, he managed the integration vendors for the connected car platform for General Motors.

Ronald Herman, CEO of Sionic, said, “While leading the team at General Motors, Matt played an integral role in integrating Sionic’s technology to help launch one of the industry’s first connected car platforms. His industry expertise further complements our leadership team and will be vital as we prepare for the next, high-growth phase of our organization.”

Recently, Sionic launched a real-time payments service enabling bank-to-bank digital cash deposits at the point of sale. In addition to receiving instant funds, the service enables merchants to reduce costs over expensive card swipe fees.

“Sionic is truly disrupting traditional payments at a pivotal time in the FinTech industry. With Sionic’s Pay-By-Bank service, merchants can provide instant payment capabilities that are secure, and drive down costs,” added Watson.