Founded in 2014 by former co-founder of First Annapolis Consulting Bill Westervelt, Scott Reaser and Jeff Tassey and other leading paymenty industry advisors, McGovern Smith Advisors LLC is a leading payments industry advisory firm whose goal is to develop and implement strategies and related tactics for transitioning our clients’ businesses in the face of emerging technologies, increasing regulation, changing demographics and ever intensifying competition. The McGovern Smith team is comprised of veteran payments industry operators and consultants who have worked together for many years. We are committed to delivering exceptional value to our many and varied clients.
McGovern Smith offers strategic and tactical insights and advice to clients with respect to all forms of financial services and payment cards (debit, credit, commercial and prepaid) as well as merchant acquiring. Our clients include large and small financial institutions, payment card issuers, emerging fintech companies and many others.
Our principal specialty is advising financial institutions and new industry entrants on identifying, selecting, and negotiating payments industry relationships with industry processors, including fintech providers, card brand networks, merchant acquirers and others. We are intimately familiar with all legacy and fintech processors and delivery providers and bring valuable and unique perspective and advice to assist our clients in implementing relationships with partners based on strategic, risk, capability/functionality, contractual term, cost/pricing, and other critical factors.
Key Services
We approach all our engagements by embracing the core principles of: