Payment Processing
Prior to co-founding his current payments company, Greylock Processing and LexCharge, Jeff has a vast background within the payments industry. In 2001, he co-founded Charge Card Systems Inc., a national credit card processing company based in Boca Raton, FL. In 2012, CCS sold its business to Card Connect, owned by FTV Capital, a private equity firm rolling up merchant processing companies in the space. CCS was the largest acquisition to date and Mr. Shavitz served as a consultant to the business plus is a stockholder in the company. In 2016, Card Connect went public with a $480 million valuation and subsequently was sold to First Data Corp in July 2017 for $750 million.
In addition to conventional credit card processing, Mr. Shavitz started two other operating companies in the payments/finance space that were not part of the acquisition. Alternative Merchant Processing Inc. (AMP), is a company devoted to working with high-risk merchants who do not fit the traditional underwriting model of most conventional processors and Charge Card Funding which focuses on providing working capital and cash advances to merchants nationally based on their monthly credit card processing deposits.
Following the sale of CCS, Jeff served as Managing Director of Affinity Solutions, focused on the go-to-market activities for their Navigator Product. Navigator allows small business merchants to easily set up, with just a few clicks of a mouse, a precision-targeted targeted campaign to distribute promotional offers to exactly those local consumers most likely to become loyal shoppers in their store.
Mr. Shavitz was elected to the Advisory Board and was a Contributing Writer to The Green Sheet, the leading trade publication in the payments and merchant processing industry and authored a bi-monthly column called Street Smarts which provided education to the industry. In addition, he was a former member of the First Data ISO Advisory Board and First Data President’s Council.

His current 2 business websites are www.greylockprocessing.com and www.lexcharge.com.
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