Make commercial lending decisions with confidence

Solutions for Banking

Capitalize on C&I Growth

Clear the way for profitable growth with a powerful commercial lending strategy. With PayNet, you’ll be ready to lead the digital lending revolution.

Solutions for Commercial Finance

Capture Market Share with Speed

To make commercial financing easy for your customers, you've got to make accurate lending decisions quickly. PayNet’s predictive data delivers.

Turn Insights into Action

To capitalize on C&I growth opportunities—while maintaining a healthy loan portfolio—you need on-demand, credible commercial credit data. PayNet delivers the goods with secure, real-time access to metrics from more than 1 million small and private business contracts—representing more than $102 billion in obligations.


Research & Learn

Stay on top of commercial credit trends, around the corner and across Canada. PayNet’s your source for insights into lending activity, loan performance, and more: it’s all here, and it’s all free.

Recent News

In the works. Check back soon to get PayNet's point of view on the latest headlines.

Recent News

Upcoming Webinar

In the works. Check back soon to see which top-of-mind topic PayNet speakers will be covering next.

Upcoming Webinar

Thought Leadership

In the works. Check back here for PayNet's inside-out insights, directly from the experts.

Thought Leadership


In the works. Check back here for the latest in PayNet happenings.



Chairman and CEO

Thomas Butler is an experienced senior executive offering a wealth of experience in strategic planning, financial management, and corporate oversight. Before joining PayNet in 2002, Mr. Butler was President and COO of Discover Card and Chairman of the Board for Discover Bank of Delaware. Earlier, he was Director of New Ventures and Corporate Planning for Sears, Roebuck & Co.


President and Co-Founder

William Phelan co-founded PayNet in 2000 with the belief that when commercial lenders are assured of risks, they’re more likely to make credit available, unlocking opportunity for small businesses. As president, Mr. Phelan oversees sales, marketing, analytics and information technology across the U.S. and Canada.


Chief Financial Officer

Paul Tennola’s responsibilities include financial management, strategic planning, corporate finance, accounting, and investor relations. For over 28 years, Mr. Tennola has held a variety of financial leadership positions specializing in corporate strategy, finance, operations and M&A/corporate development.


Senior Vice President, Analytics and Product Development

Thomas Ware has 20 years’ experience in banking and equipment finance, including as Senior Vice President, Operations & Chief Credit Officer of American Express Equipment Finance. Mr. Ware became acquainted with PayNet as a potential customer, while serving as Vice President & General Manager of a billion-dollar business unit at CNH (Case) Capital Corporation.


Vice President Technology and Operations

Craig Odegaard is responsible for the management and oversight of information technology and operations related to development, integrations, operations, infrastructure, quality and corporate security. He is instrumental in helping PayNet introduce new products to new markets, grow in current markets and enhance technology capabilities.


Senior Vice President, Marketing

Believing that marketing is both an art and science, Rissa Reddan demonstrates a range of talents from the creative to the quantitative to board governance. With a penchant for bold decision-making and the versatility to translate complicated topics into simple ideas, Ms. Reddan connects, creates, and coaches for success.