Bling Nation Expands Colorado Focus with Rod Stambaugh Regional President

PALO ALTO, Calif.--(BUSINESS WIRE)--Bling Nation, a mobile payments provider, announced today the addition of Rod Stambaugh as regional president for the company’s Colorado operations. Colorado is home to Bling Nation’s first customer, The State Bank, and the region offers a number of other ideal prospects for mobile payments. In his position, Stambaugh will spearhead outreach efforts to Colorado financial institutions as well as manage the Community Payments Service for La Junta, Colo.-based The State Bank and other financial institutions in various stages of deployment.

“La Junta, Colorado was the first community in the United States to fully embrace mobile payments and – as a result – The State Bank and La Junta merchants and consumers are experiencing an uptick in business and savings”

“La Junta, Colorado was the first community in the United States to fully embrace mobile payments and – as a result – The State Bank and La Junta merchants and consumers are experiencing an uptick in business and savings,” said Wences Casares, co-chief executive officer of Bling Nation. “We foresee other communities throughout Colorado as well as the Western United States experiencing the same success. Rod’s mobile payments expertise and insight focused on this area of the country will enable Bling Nation to continue expanding the acceptance of secure mobile payments as an alternative to network options that are more expensive and fraught with fraud.”

Stambaugh brings more than 20 years of leadership experience to Bling Nation. Most recently, Stambaugh served as founder, chief executive officer and chief strategy officer of Boulder, Colo.-based Mocapay, where he conceptualized, organized and launched the first U.S.-based mobile payment company that enabled consumers to securely pay retailers at the point of sale using their mobile phone. While at Mocapay, Stambaugh successfully orchestrated product and software integrations with major POS vendors, including IBM, Radiant and Verifone. He also authored several core technology patents, while at Mocapay.

Stambaugh has also held executive positions at Denver, Colo.-based IP Commerce and Emeryville, Calif.-based U.S. Wireless Data, where he founded the first high-speed wireless electronic payment products and services company in the transaction-processing marketplace.

Stambaugh earned a bachelor of science degree in Business and Psychology from Baldwin City, Kan.-based Baker University.

About Bling Nation

Bling Nation brings mobile payments to consumers and merchant points of sale, offering lower costs, increased efficiency and improved security compared to credit cards, debit cards, checks and cash. The Bling Nation service also enables financial institutions and merchants to offer consumers robust rewards programs and real-time redemptions, promoting loyalty and convenience and supporting “shop local” initiatives. For additional information, visit www.blingnation.com.