Koin adds Bob Woodbury as the COO

(PRESS RELEASE) -- Digital payments innovator Koin added Bob Woodbury to serve as the company’s Chief Operating Officer.

Woodbury joins the payments solution innovator to help it continue driving excellent financial results, encouraging innovations in the company’s proprietary technology, and leading a dedicated team toward the unifying goal of introducing the technology to more markets and partners around the country.

An industry veteran with deep knowledge of and experience in long-term planning, payments innovation, and P&L initiatives, Woodbury joins Koin after leading the network and security division at FIS Global, and serving as senior vice president and general manager at NYCE Payments Network. Among his many industry accomplishments, Woodbury helped deliver the first mobile transactions in an American debit network in 2009, partnered with e-retail giants to help facilitate domestic networks’ first ecommerce transactions, and managed the deployment of the largest real-time loyalty redemption network in the country.

“Just like Koin, Bob is a payment solutions visionary, and brings a wealth of experience to our company,” said Koin President Gary Larkin. “As our new chief operating officer, he’ll help us continue strengthening our payments network, and introduce more operators around the country to our innovative technology.”

With Koin, patrons can utilize a digital wallet to fund and access their accounts in any way they choose – including ACH transfers, debit cards, Venmo, and others. Simultaneously, operators who partner with Koin can access a complete account management system, while reducing merchant processing fees for all cash-out and similar activities.

Woodbury’s addition to the team caps off a momentous year for the company. In 2023, Koin partnered with sister company Marker Trax to bring their complementary technology to Minnesota’s Table Trac, Inc., introduced cashless payments to Northern Nevada’s Baldini’s Casino, and added key figures to its leadership and operations teams, among other accomplishments.