Company: APCXW
Filing Date: 2025-04-17
Form Type: DEF 14A
Source: 0001683168-25-002670
Chunk: 8

Company: AppTech Payments Corp.
Filing Date: 2025-04-17
Form: DEF 14A
Chunk 8
---
 first "Merchant Owned" company in the United States, offering ownership of the
company to customers based on their monthly credit card processing volumes. In 2009, Mr. D'Angelo founded TransTech One, LLC, a Transcendent
One, Inc. subsidiary, focused on the bill payment and technology industries.

Virgilio Llapitanhas
served as Director since being appointed by the Board of Directors in August of 2023, President since 2020, and Chief Operating Officer
since 2023. Mr. Llapitan also served as our Chief Operating Officer from 2020 to 2021. Mr. Llapitan is responsible for the company's day-to-day
operations, implements strategies set forth by the CEO and board of directors, and oversees various other departments such as finance,
Human resources, marketing, and operations. With over three decades of experience, the seasoned FinTech Executive and Financial Services
Leader demonstrates visionary leadership and strategic insight across diverse areas, including Sales, Banking, and Compliance.

Albert L. Lord
is the retired Chief Executive Officer of Sallie Mae. Mr. Lord held this position from 1997 to 2013, when he retired. Under Mr. Lord’s
leadership, Sallie Mae’s market value increased from $2 billion to $25 billion in 2005. Mr. Lord transitioned Sallie Mae from a
“government-sponsored enterprise” to a fully private-sector entity. In 2008-9, Mr. Lord led the Company through the financial
crisis, raised capital, and restored much of the market value lost. Today, Sallie Mae is the leading private-sector provider of higher
education financing in the United States. Mr. Lord began his professional career in 1967 with Peat, Marwick, Mitchell & Co. after
receiving a Bachelor of Science degree from Penn State, where he recently served as a Trustee.

| 5 |

Independent Directors

Our board of directors undertook
a review of the composition of the board and its committees, as well as the independence of each director. Based upon information requested
from and provided by each director concerning his or her background, employment, and affiliations, including family relationships, our
board of directors has determined that each of our directors, except for Mr. D’Angelo, and Mr. Llapitan, currently qualify as independent
director for purposes of Nasdaq listing standards and SEC rules. In making that determination,