Black Pioneers in Payments & Finance

From breaking barriers in banking to revolutionizing payment technology, these individuals have shaped history, leaving a legacy that continues to inspire us.

The First African American Woman to Run a Bank

In 1903, Maggie Lena Walker saw the need for a banking institution in her community. She established St. Luke Penny Savings Bank, providing Black communities with financial empowerment.

Lesson for ISOs: Like Walker, ISOs play a vital role in supporting small businesses. By offering the right tools, support, and technology, you empower merchants to grow—just as she did for her community.        

First Black-Owned Billion-Dollar Business

Reginald F. Lewis was the first African American to build a billion-dollar business (TLC Beatrice International). His success in mergers and acquisitions paved the way for Black entrepreneurs in finance.

Lesson for ISVs: Just as Lewis changed the business landscape, ISVs drive innovation by developing software that expands payment capabilities. Your creativity and vision shape the industry’s future.        

CEO of TIAA, Former CEO of Chase Consumer Banking

One of the most influential Black women in finance, Duckett has led major institutions like TIAA and Chase Consumer Banking while advocating for financial literacy.

Lesson for VARs: VARs serve as trusted advisors, ensuring businesses have the right payment solutions. Just as Duckett has championed financial literacy, your role helps businesses understand and leverage technology for success.        

CEO of OneUnited Bank

As ?CEO of OneUnited Bank, the largest Black-owned bank in the U.S., Kevin Cohee has dedicated his career to closing the racial wealth gap and fostering economic empowerment.

Lesson for ISOs & VARs: Payments technology is more than just hardware and software—it’s about financial empowerment. By equipping businesses with modern payment solutions, you help them thrive and sustain economic growth.        

Celebrating Black Excellence in Business

The pioneers listed above paved the way for today's Black-owned businesses, resulting in a more inclusive financial landscape. Let’s continue to uplift, innovate, and inspire as we move forward.

Who inspires you in the payments industry?

Share your thoughts in the comments!