The Clearing House (TCH), an innovator and operator of U.S.
payments networks, recently announced the hiring of Sal Karakaplan as the
organization’s chief strategy officer.
Karakaplan joins TCH with more than 25 years experience as a banking and
payments executive from Truist Financial where he was executive vice president
for the Enterprise Payments Group, according to a press release. In that role,
he was in charge of enterprise payments strategy, and also helped to establish
the bank’s payments vision. Earlier in his career, he held executive payments
roles at JPMorgan Chase and MasterCard.
In his new role, Karakaplan will be part of the executive leadership team and
will work across the industry to enhance and execute TCH’s strategic vision to
shape the payments landscape for the future. Responsibilities will include
market strategy and growth plans, strategic partnerships, and exploration,
incubation and innovation.
“I’m excited to bring my payments know-how to The Clearing House,” Karakaplan said
in the release. “I look forward to working with the TCH team on strategic
opportunities to enhance the company’s position as the leading payments
provider in the United States.”
“Sal is a great addition to The Clearing House,” TCH President and Chief
Executive Officer David Watson added. “His payments background and experience
in the banking industry, combined with his alignment to our values will be an
asset as we develop new ways to work with partners to enhance existing products
and create innovative offerings for our customers.”
Karakaplan is the most recent banking and payments executive to join TCH.
Earlier this year, Watson bolstered the TCH executive team with the additions
of Sheffali Welch, chief operating officer, and Margaret Weichert, chief product
officer.