August 24, 2016
Payment Industry Loses Chase Paymentech President Mike Duffy to Cancer at 54
March 11, 2013
Michael P. Duffy, a card-not-present industry veteran and president of e-commerce processing giant Chase Paymentech for 13 years, died in Dallas last Thursday after battling cancer. In a message to Chase employees on Friday, Gordon Smith, CEO of Chase Consumer and Community Banking, called Duffy “a brilliant leader, pioneer in the payment industry and fierce competitor.”
“Mike forged strong connections with his people—across his entire organization,” said Smith. “Most of the Paymentech management team has been together for 20 years—almost unheard of in this business. It’s hard to overstate how much Mike meant to that business and the entire Paymentech team. We will all miss him tremendously.”
Former Chase Paymentech colleague Aaron Press recalled Duffy’s contribution to the company’s strong corporate culture.
“More than anything, he was just a really good person and a good leader,” Press said. “The loss is to the culture of the company. He really embodied that employee-first culture. The character of the place is not going to be the same without him.”
In his statement, Smith noted that company vet Dan Charron has been named acting head of Chase Paymentech, responsible for day-to-day leadership of the business.
“Mike and Dan worked very closely together for 13 years, and Dan has stood in for Mike when he needed time to manage his health,” said Smith. “Dan will be a terrific leader to honor Mike’s legacy and continue Paymentech’s special culture and remarkable growth.”