InComm, a leading prepaid product and payments technology company, announced that the company's president, Phil Graves, will retire in December 2018. Since joining InComm in 1997, Graves has helped lead countless new business endeavors focused on building and maintaining relationships with InComm's key customers and partners. His ability to identify and successfully manage next-generation programs has been pivotal in the establishment of InComm's industry-leading suite of products and services, and his passion for the business and our people has been inspirational in making InComm the vibrant, customer-centric business it is today.

"Phil was my very first key hire at InComm and he has been instrumental to its growth and success over the last 20 years," said Brooks Smith, Chairman and CEO. "We are extremely grateful for all of his contributions to InComm and wish him the very best in his retirement."

Well-respected payments industry veteran Stefan Happ will succeed Graves as President.

"We're extremely excited to welcome Stefan to InComm," Smith said. "His outstanding vision, ability to capitalize on new opportunities, and deep payments experience will be a driving force for our leadership in the future of the payment industry."

Happ comes to InComm from American Express, where he ran Global Prepaid & Alternative Payments as Executive Vice President and General Manager. He was responsible for the digital prepaid business in the U.S. and globally, as well as new digital and mobile payment capabilities and services. With American Express for over twenty years, Happ held several positions overseeing brand-moving initiatives for its prepaid business. Those initiatives included relaunching Serve, American Express's general-purpose reloadable card brand in 2013 and spearheading the exponential growth of the American Express Gift Card and Reward Card business in the U.S. and Canada.