--- title: Bolstering the Team description: Our leadership team just got an infusion of experience- PaymentWorks is thrilled to welcome Rick Auletta and Hayley Hynes! image: https://blog.paymentworks.com/hubfs/5.11.21%20Welcome%20to%20the%20Team%20graphic-1-1.jpg --- [![PaymentWorks](https://blog.paymentworks.com/hubfs/PaymentWorks_February2020/images/logo.svg)](https://www.paymentworks.com/) - How it Works - - [Overview](https://www.paymentworks.com/how-it-works) - [Why it Matters](https://www.paymentworks.com/why-it-matters) - - For Payers - See how they do it at: - [University of Kentucky](https://www.paymentworks.com/case-studies/kentucky/) - [Hackensack Meridian](https://www.paymentworks.com/case-studies/hackensack-meridian/) - [Johns Hopkins](https://www.paymentworks.com/case-studies/johns-hopkins/) - [Frequently Asked Questions](https://www.paymentworks.com/faq/payers/) - [Request a Demo](https://www.paymentworks.com/schedule-demo) - For Payees - [Frequently Asked Questions](https://www.paymentworks.com/faq/payees/) - [Join PaymentWorks](https://www.paymentworks.com/accounts/register-payee/) - About - - [About Us](https://www.paymentworks.com/about-us/paymentworks/) - [Our Partners](https://www.paymentworks.com/about-us/partners/) - [Work Here](https://www.paymentworks.com/about-us/work-here/) - [Blog](https://blog.paymentworks.com/) - [Press](https://news.paymentworks.com/press) - [Refer A Lead](https://share.hsforms.com/1NZzs6_82R52Z5GNpdHp4tA49idv) - Contact - - - - - Sales - [info@paymentworks.com](mailto:info@paymentworks.com) - - Support - [support@paymentworks.com](mailto:support@paymentworks.com) - - - Press - [press@paymentworks.com](mailto:press@paymentworks.com) - - HQ - [info@paymentworks.com](mailto:info@paymentworks.com) - 51 Sawyer Road Suite 310 Waltham, MA 02453 - [Sign In](https://www.paymentworks.com/accounts/login/) [Payees Join Here](https://www.paymentworks.com/accounts/register-payee/) - [Sign In](https://www.paymentworks.com/accounts/login/) - [Payees Join Here](https://www.paymentworks.com/accounts/register-payee/) ![banner-image](https://blog.paymentworks.com/hubfs/PaymentWorks_March2020_Blair/images/paymentworks-hubspot-banner_v2-04.png) ## PaymentWorks Blog # Bolstering the Team Posted by [PaymentWorks Staff](https://blog.paymentworks.com/author/paymentworks-staff) on May 12, 2021, 1:30:57 PM - [Tweet](https://twitter.com/share)   We are thrilled to [announce](https://news.paymentworks.com/press/paymentworks-bolsters-leadership-team) two new hires to our leadership team.  [Rick Auletta](https://www.linkedin.com/in/rick-auletta-profile/) joins as Senior Vice President, Sales and [Hayley Bakst Hynes](https://www.linkedin.com/in/hayley-bakst-hynes-07021910/) comes on board as Vice President, Strategic Partnerships. Rick joins us from Motionsoft where we served as CEO and Hayley was most recently VP of Strategic Partnerships at ThreatStack.  With significant industry experience in leading high growth organizations, Rick and Hayley will be instrumental in helping to drive [continued company growth](https://news.paymentworks.com/press/paymentworks-celebrates-successful-year-driven-by-accelerated-market-shift-to-digital-payments-and-massive-disruption-to-workplace), expand our [partner ecosystem](https://www.paymentworks.com/about-us/partners/) to enhance the value of our [platform](https://www.paymentworks.com/how-it-works) and support customers as they make the shift to digital payments and look to eliminate the risk of cyber threats.   ![5.11.21 Welcome to the Team graphic-1-1](https://blog.paymentworks.com/hs-fs/hubfs/5.11.21%20Welcome%20to%20the%20Team%20graphic-1-1.jpg?width=2000&name=5.11.21%20Welcome%20to%20the%20Team%20graphic-1-1.jpg) Over the past year, market demand for a solution like ours has accelerated as we saw many companies transition to virtual operations and look for a more effective way to address the complex payee management process and eliminate the risk of business payments fraud.  This mounting demand is underscored by alarming new stats reported in the [AFP’s Payments Fraud and Control Survey](https://www.afponline.org/publications-data-tools/reports/survey-research-economic-data/Details/payments-fraud/). According to the report, 74% of companies reported they were the target of an attempted or actual payments fraud scam in 2020, while 30% reported an increase in attempts over 2019. The report also highlighted that 74% of these frauds/fraud attempts originated from a business or vendor email compromise, the source of nearly $2B in losses in 2020 according to the [FBI’s Internet Crime Report](https://www.ic3.gov/Media/PDF/AnnualReport/2020_IC3Report.pdf). We remain committed to eliminating the identity gap that fuels an increased risk of business payments fraud. With strategic and committed leaders like Rick and Hayley on our team, we are well positioned to effectively help our customers combat this mounting and costly risk and protect them from increasingly savvy fraudsters.    #### [Read our Free Guide: Business Payments Fraud: Risk Assessment, Fraud Vectors and Prevention](https://learn.paymentworks.com/en-us/business-payments-fraud-risk-assessment-fraud-vectors-prevention) Topics: [compliance](https://blog.paymentworks.com/tag/compliance), [payments fraud](https://blog.paymentworks.com/tag/payments-fraud), [procurement](https://blog.paymentworks.com/tag/procurement), [vendor master](https://blog.paymentworks.com/tag/vendor-master), [risk](https://blog.paymentworks.com/tag/risk) ### ![PaymentWorks-Logo-Black_600tall](https://blog.paymentworks.com/hs-fs/hubfs/Branding/Logos/PaymentWorks-Logo-Black_600tall.jpg?width=324&name=PaymentWorks-Logo-Black_600tall.jpg) The Business Identity Platform that automates complex payee management processes to: - **Eliminate** the risk of business payments fraud   - **Reduce** cost - **Ensure** compliance ### Sign up to be alerted when we publish interesting things ### Recent Posts ### Posts by Tag - [payments fraud (28)](https://blog.paymentworks.com/tag/payments-fraud) - [risk (25)](https://blog.paymentworks.com/tag/risk) - [vendor master (19)](https://blog.paymentworks.com/tag/vendor-master) - [insurance (13)](https://blog.paymentworks.com/tag/insurance) - [ACH (12)](https://blog.paymentworks.com/tag/ach) - [AP (12)](https://blog.paymentworks.com/tag/ap) - [compliance (12)](https://blog.paymentworks.com/tag/compliance) - [podcast (8)](https://blog.paymentworks.com/tag/podcast) - [procurement (6)](https://blog.paymentworks.com/tag/procurement) - [social engineering fraud (6)](https://blog.paymentworks.com/tag/social-engineering-fraud) - [business payments (5)](https://blog.paymentworks.com/tag/business-payments) - [higher education (5)](https://blog.paymentworks.com/tag/higher-education) - [Cyber Security (3)](https://blog.paymentworks.com/tag/cyber-security) - [banks (2)](https://blog.paymentworks.com/tag/banks) - [identity (2)](https://blog.paymentworks.com/tag/identity) - [supply chain (2)](https://blog.paymentworks.com/tag/supply-chain) - [tips from the frontlines (2)](https://blog.paymentworks.com/tag/tips-from-the-frontlines) - [#paymentsfraud (1)](https://blog.paymentworks.com/tag/paymentsfraud) - [Insider (1)](https://blog.paymentworks.com/tag/insider) - [vendor management (1)](https://blog.paymentworks.com/tag/vendor-management) See all #### How it Works [Overview](https://www.paymentworks.com/how-it-works) [Why it Matters](https://www.paymentworks.com/why-it-matters) #### For Payers - See how they do it at: [*Hackensack Meridian*](https://www.paymentworks.com/case-studies/hackensack-meridian/) [*University of Kentucky*](https://www.paymentworks.com/case-studies/kentucky/) [*Johns Hopkins Enterprises*](https://www.paymentworks.com/case-studies/johns-hopkins/) - [Frequently Asked Questions](https://www.paymentworks.com/faq/payers/) - [Request a Demo](https://www.paymentworks.com/schedule-demo) #### For Payees - [Frequently Asked Questions](https://www.paymentworks.com/faq/payees/) - [Join PaymentWorks](https://www.paymentworks.com/accounts/register-payee/) #### About [About Us](https://www.paymentworks.com/about-us/paymentworks/) [Our Partners](https://www.paymentworks.com/about-us/partners/) [Work Here](https://www.paymentworks.com/about-us/work-here/) [Press](https://news.paymentworks.com/press) #### Contact Us - Sales [info@paymentworks.com](mailto:info@paymentworks.com) - Support [support@paymentworks.com](mailto:support@paymentworks.com) - Press [press@paymentworks.com](mailto:press@paymentworks.com) - HQ [info@paymentworks.com](mailto:info@paymentworks.com) ##### 51 Sawyer Road Suite 310 Waltham, MA 02453 © 2014 - 2021 PaymentWorks, Inc. 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