PenChecks Company News

PenChecks, Inc. Looks to the Future With New Chief Technology Officer

March 4, 2020

SAN DIEGO, CA, – PenChecks Inc., a leader in outsourced retirement plan distribution solutions, is pleased to announce the addition of David Peace as the firm’s new Chief Technology Officer.

An experienced technologist, Peace previously worked with a number of successful startup firms, including several in fintech, helping them develop the technology tools and systems to fuel their rapid growth. As PenChecks’ CTO, he will manage the back-end infrastructure for the firm’s technology systems while ensuring the responsiveness, security and reliability of PenChecks software for B2B clients and retirement plan participants.

In keeping with PenChecks’ long history of creating innovative payment processing products and services, Peace will also be responsible for delivering a secure, state of the art solution platform to meet the growing needs of our internal and external clients.

“The financial industry is undergoing rapid change, both from a regulatory and service provider perspective,” says Peter Preovolos, Chairman and CEO of PenChecks, Inc. “As we look ahead to the new types of products and services financial clients will need, David will lead the way in developing enterprise software that elevates the level of service provided not just by PenChecks but by the industry as a whole.”

About PenChecks Inc.
PenChecks Inc. is the parent company of PenChecks Trust™ Company of America (PTCA), PenChecks Missing Distributee™ (PMD) and the National Registry of Unclaimed Retirement Benefits (NRURB). The PenChecks family of companies constitutes one of the largest independent providers of outsourced benefit distribution services and Automatic Rollover IRAs and Missing Participant IRAs in the U.S. With almost 25 years in business, PenChecks is an expert and industry-leading provider of unique and comprehensive solutions for a myriad of plan and distribution issues. Services include automated and branded solutions for benefit payments, benefit election processing, missing participant searches, Automatic Rollover and Missing Participant IRAs, uncashed / stale-dated check resolution and Abandoned Plan / QTA Services. Customers include financial institutions, recordkeepers, third-party administrators, and plan sponsor, advisors, and participants.

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