Argyle Payments Launches as the PremierPayments Solution for Specialty Markets

Capri Payments CEO Joseph Daily and Adept Payments CEO Eric Kellogg

Join Forces to Capitalize on Business Synergies

IRVINE and WESTLAKE VILLAGE, Calif., July 11, 2022 -- (Business Wire) – Payments CEOs Joseph

Daly of Capri Payments and Eric Kellogg of Adept Payments today announced they had joined

forces to form Argyle Payments LLC. Argyle will focus on small and midsize merchants in high-

margin specialty markets requiring more attention, care and monitoring to support processing

payments in e-commerce, traditional retail, and alternative payments. Adept’s entrepreneurial

and sales strength combined with Capri’s operational expertise spurred the transaction. Terms

were not disclosed.

Specialty markets Argyle will target include financial services, health and wellness, travel, CBD

and hemp, information technology and alternative products.

With more than 20 years of operations and risk management experience, Daly has extensive

payments industry knowledge. He has served as vice president of enterprise risk for Deustche

Bank, executive vice president of strategy and then chief operating officer for Comdata, and as

general manager and chief operating officer for Paysafe, before founding Capri. Capri quickly

became known in specialty verticals for excellence in operational scalability and governance.

Kellogg is a veteran payments business owner and sales executive. After serving as director of

the Americas for TR Fastenings, he shifted into sales with Bankcard USA before founding Adept

Payments in 2011. An independent sales organization for merchant services, Adept carved out

market share in niche specialty markets, having significant success in both low- and high-

margin verticals.

“Capri has great operational strength, particularly in customer service and governance, while

Adept is very entrepreneurial and sales-oriented,” said Kellogg. “This synergy enables Argyle to

have a unique and balanced perspective when servicing agents and merchants. By defining the

specific needs of our clients, we tailor the right payment solutions geared towards the success

of their business,” added Kellogg. “After building the Adept portfolio steadily over the past

decade, Joe and I look forward to exponential growth with Argyle as the premier specialty

markets payments solution.”

“Eric and I have worked together for many years and have a great relationship,” said Daly. “Our

teams are a good fit, in terms of business, culture, complementary skillsets, and target markets.

Argyle will have a more diverse portfolio and significantly improved scalability as a result of this

venture,” added Daly.

The Argyle team is comprised of leading industry experts, including several employees with

decades of payments experience and two ETA 40 Under 40 honorees—Senior Vice President of

Business Development Kelby Berg and Director of Underwriting Tom Koski.

About Argyle Payments LLC

Argyle Payments focuses on challenging specialty markets and niche merchants who require

more attention, care, and monitoring. The company streamlines the merchant application

process through in-house credit underwriting and timely decisions, as well as maximizing

customer success through compliance support, governance best practices, and a metrics-driven

approach. Argyle is a registered ISO / TPP of SSB Bank, Pittsburgh, Pennsylvania, and partners

with several other leading banks and industry institutions to find the right home for each

business it works with to get merchant accounts approved. A privately held Nevada

corporation, Argyle has offices in Irvine and Westlake Village, California. For more information,

please visit

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