Frank Befera
Apopka, Florida,United States
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Frank Befera is a seasoned entrepreneur and business leader, best known as the founder and former CEO of Wausau Financial Systems (WFS). He successfully built WFS from the ground up into a leading provider of innovative payment processing, treasury management, and remote deposit capture solutions for financial institutions and corporations. Under his leadership, WFS gained a reputation for cutting-edge technology and robust customer service. After the successful acquisition of WFS by Deluxe Corporation, Frank Befera has continued his entrepreneurial endeavors, including founding Befera Interactive, focusing on digital solutions and interactive technologies. He is recognized for his significant contributions to the financial technology (fintech) sector and his ability to scale technology businesses.
Professional Summary
Frank Befera's work history includes a series of influential roles in various companies. Here is a detailed list of his professional journey:
Notable Achievements
Founder and CEO of Wausau Financial Systems (WFS)
Founded and led Wausau Financial Systems, transforming it into a nationally recognized leader in receivables management, payment processing, and treasury solutions before its acquisition by Deluxe Corporation in 2015.
Pioneer in Remote Deposit Capture Technology
Spearheaded the development and adoption of remote deposit capture (RDC) and other innovative image-based payment technologies, significantly enhancing efficiency for banks and their corporate customers.
Successful Entrepreneurial Exit
Successfully navigated Wausau Financial Systems through decades of growth and technological evolution, culminating in a strategic acquisition that provided significant value to stakeholders.
Founder of Befera Interactive
Established Befera Interactive post-WFS, applying his expertise to new ventures in digital media and interactive technology solutions, showcasing continued entrepreneurial spirit.
Educational Background
University of Minnesota-Duluth - Year 1988
Duluth Cathedral High School - Year 1984
Marshall School - Year 1984
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Company Overview
Rural Telecommunications of America (RTA)Rural Telecommunications of America (RTA) is a telecommunications provider focused on delivering high-speed internet, voice, and cloud-based services to rural and underserved communities across the United States. They aim to bridge the digital divide by deploying advanced fiber-optic and fixed wireless networks, offering reliable and affordable connectivity solutions to residential and business customers.
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