BNET Industries

Last Fiscal Year Sales:$37.5M
  • Private
  • US
Dow Jones Description

Pay-O-Matic's licensed* Electronic Payment System (EPS) makes paying bills faster, with more convenience and security. Business is conducted in person, at a teller window and an individually numbered transaction receipt is instantly printed. Paying utility and a host of other bills "The Pay-O-Matic Way" guarantees complete security and much faster credit to accounts than traditional "snail mail" methods.

President and C.E.O.
Rich Gaccione
Number of Employees 720
Contact Information

160 Oak Dr

Syosset, New York 11791

www.payomatic.c...

(516) 496-4900

NAICS Code Financial Transactions Processing, Reserve, and Clearinghouse Activities: 522320

Decision Makers

Name (plus bio) Position
Rich Gaccione President and C.E.O.
Ray Mustafa President
Richard Dorfman Interim CFO
Armando Leon Reg Vice President
Bob Lichtman Manhattan Borough Vice President
Chris Barone Queens, Long Island Borough Vice President
Jacques Vandekieft Vice President
Steve Tax Reg Vice President
Tony Hernandez Brooklyn Borough Vice President
Antoinette Mustafa co-founder
Stephan Wolf co-founder
John Barone

Board of Directors

Name (plus bio) Position
Michael Barone Co-Chairman of the Board, Vice President, Assistant Secretary

Organization Position Status
The Pay-O-Matic Corp. President and C.E.O. Current

Welcome to the Pay-O-Matic Corp. web site! Our purpose in creating this site is to better serve our customers in every possible way and to assist the communities where our branches are located. As we develop payomatic.com further we will be adding many more features and benefits that will give our customers, business partners and visitors to New York access to a wealth of timely, useful and important information. We will be announcing new financial opportunities and offerings as well as news about important community resources and activities. Our intention at the Pay-O-Matic Corp. is to become your community financial resource center and your link to ongoing activities and events in your community. I invite you to explore our site and if you have any questions, please don't hesitate to contact us. In many ways, 2005 and 2006 have been watershed years in our company's history. Many new accomplishments are in place and we continue to successfully execute our ongoing business goals and plans.

Organization Position Status
The Pay-O-Matic Corp. President Current
The Pay-O-Matic Corp. Reg Vice President Former
New York State Banking Department Former
The Pay-O-Matic Corp. Manager Current

Organization Position Status
The Pay-O-Matic Corp. Interim CFO Current

Organization Position Status
The Pay-O-Matic Corp. Reg Vice President Current

Bob Lichtman joined The Pay-O-Matic Corp. nearly 40 years ago! Bob was discharged from the army in 1962 and got a temporary job working construction. He then worked for 2 1/2 years as a machinist and during that time he met Michael Barone and approached him about the possibility of working at POM. Mike suggested that Bob speak with Jack Vendekieft about employment. Bob did, and the rest is history.

Organization Position Status
The Pay-O-Matic Corp. Manhattan Borough Vice President Current

Chris Barone began working in Manhattan in 1997 as a check casher. In 2000, he migrated out to the Pay-O-Matic headquarters in Syosset, New York to work in the accounting department. After acqiring enough practical experience in all facets of the check cashing industry, Chris was ready to head the Queens/Long Island division of the Pay-O-Matic Corp. Chris majored in Business at Lynn University in Boca Raton, Florida.

Organization Position Status
The Pay-O-Matic Corp. Queens, Long Island Borough Vice President Current
The Pay-O-Matic Corp. Reg Supervisor Former

Jack Vandekieft was working at Manufacturer's Hanover Bank (where he met his wife Joanne) when he was offered a job cashing checks at the first Pay-O-Matic store in the Bronx on March 23, 1957. The store was located at 908 Freeman Street. It has since moved to its current location at 1245 Southern Boulevard and now serves as borough headquarters. Jack worked with his stepfather, John Barone (one of our company's founders) at the Manhattan borough headquarters at 301 West 14th Street before becoming manager of 642 Nostrand Avenue in Brooklyn.

Organization Position Status
The Pay-O-Matic Corp. Vice President Current
Hanover Bank Former

Organization Position Status
The Pay-O-Matic Corp. Co-Chairman of the Board, Vice President, Assistant Secretary Current
Pom Incorporated Co-Chairman Current
The Pay-O-Matic Corp. Chairman Current

Organization Position Status
The Pay-O-Matic Corp. Reg Vice President Current
The Pay-O-Matic Corp. Manager Current
Lehman College B.S. In Accounting Former

Organization Position Status
The Pay-O-Matic Corp. Brooklyn Borough Vice President Current

Organization Position Status
The Pay-O-Matic Corp. co-founder Current
The Pay-O-Matic Corp. Co-Chairman of the Board Current
Pay.Com Inc Co-Founder Former
New York State Banking Department Former

Organization Position Status
The Pay-O-Matic Corp. co-founder Current
The Pay-O-Matic Corp. Treasurer Current
The Pay-O-Matic Corp. Treasurer & Secretary Former

Organization Position Status
The Pay-O-Matic Corp. Current
advertisement
advertisement