TimePayment, a financial technology company specializing in commercial equipment financing, appointed Deepika Shahani vice president and leader of the firm’s point-of-sale and terminal leasing efforts. The new business unit will enhance the firm’s commitment to funding in the bankcard industry.

Shahani has more than 15 years of operations and business development experience in point-of-sale and terminal leasing. Shahani previously led the underwriting and operations functions of a national finance provider to the bankcard market and eventually headed business development efforts and assembled a $25 million leasing portfolio of more than 200 bankcard industry clients.

“POS technology has undergone a radical transformation as businesses have reinvested in new platforms and capabilities both during and post-COVID,” Jay Haverty, president and CEO of TimePayment, said. “Improved customer and employee experiences with innovative new hardware and software opens new opportunities for businesses to transact in a more powerful way. Helping companies stay on the cutting edge of these technologies with an affordable, flexible financing solution is a terrific opportunity. Adding a business development leader like Deepika is a critical step to effectively meeting the rising market demand.”

Shahani and TimePayment’s point-of-sale and terminal leasing business unit will be exhibiting at the Midwest Acquirers Association in Chicago this week.