The Clearing House (TCH), operator of the RTP Network, announced Sal Karakaplan is joining the company as chief strategy officer.
Karakaplan, a banking and payments executive with over 25 years of experience, will join TCH from Truist Financial, where he was executive vice president for the Enterprise Payments Group, in charge of enterprise payments strategy. Earlier in his career, he held executive payments roles at JPMorgan Chase and MasterCard.
In his role with TCH, Karakaplan will be part of the executive leadership team and will work across the industry to enhance and execute strategic vision. Responsibilities will include market strategy and growth plans, strategic partnerships, and exploration, incubation and innovation.
“I’m excited to bring my payments know-how to The Clearing House,” Karakaplan said in a release. “I look forward to working with the TCH team on strategic opportunities to enhance the company’s position as the leading payments provider in the United States.”
Karakaplan is the most recent banking and payments executive to join TCH. Earlier this year, TCH added Sheffali Welch as chief operating officer, and Margaret Weichert as chief product officer.
“Sal is a great addition to The Clearing House,” said David Watson, president and CEO. “His payments background and experience in the banking industry, combined with his alignment to our values, will be an asset as we develop new ways to work with partners to enhance existing products and create innovative offerings for our customers.”