Q&A: Joe Proto, CEO, Transactis – On Overcoming Adversity

While the consequential decisions leading up to the economic crisis of the late 2000s and early 2010s were made well before September 29, 2008, the date remains a symbolic timestamp for the collapse of the financial markets.

That day Joe Proto watched in awe as the Dow Jones Industrial Average plummeted by a record -777.68 points. The downward spiral especially embattled banks – the very clients and prospects Joe was working with as chief executive officer of Transactis, a New York City-based e-bill payment and processing solution.

Less than a year into his tenure, Joe would have to utilize all of his available resources and entrepreneurial skills to avoid becoming collateral damage. Although it was an era of high uncertainty, Joe reassured clients and stabilized the business by relying on 25 years of prior experience.

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