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-
“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 argylepayments.com.