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Jay Guskind

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Jay Guskind
File:Jay Guskind.jpg Jay_Guskind.jpg
Born (1949-08-04) August 4, 1949 (age 71)
Brooklyn, New York
🏡 ResidenceManhattan, New York, and Monroe, New Jersey
🏳️ Nationality
🎓 Alma materPolytechnic Institute of Brooklyn (now NYU Tandon School of Engineering)
💼 Occupation
President, CEO of Payomatic
👩 Spouse(s)Barbara

Jay Guskind is an executive in the financial services industry. He is president and CEO of Payomatic, New York’s largest provider of check cashing and financial services.[1]

Early life and education[edit]

Guskind was born on August 4, 1949, in Brooklyn, New York, to Murray and Florence Guskind. He graduated from Brooklyn Technical High School and attended the Polytechnic Institute of Brooklyn (now NYU Tandon School of Engineering)[2]. Guskind graduated in 1971 with a degree in metallurgical engineering.


After graduation, Guskind was offered a position in the executive training program of Abraham & Straus, a full-service department store. He rose quickly in retail management, and from 1983-89 served as regional vice president of stores for Lord & Taylor.[3]

In 1989 Guskind was recruited to Citibank as retail banking director[4], becoming the first senior-level retailer to take an executive post with a major bank. Guskind applied much of what he’d mastered in retailing to banking—including retail-focused operations, metrics and a customer-centric approach—helping reshape the model of consumer banking into what it is today.[5]

In 1995, Guskind was named president and CEO of Citicorp Retail Services, the wholly owned private-label retail credit card division of Citibank. Guskind also served as senior vice president of U.S. co-branding and affinity cards at MasterCard.[6]

In his current post at Payomatic, Guskind is seeking to enhance the customer experience by improving service and the product offering, as well as raise the perception of the alternative financial services industry.[5]


  1. Western Union (WU), Pay-O-Matic Renew Pact with 7-Year Extension
  2. Frost, Mary (2015-10-05). "Brooklyn's NYU Poly receives $100 million, changes name to 'NYU Tandon School of Engineering'". Brooklyn Daily Eagle.
  3. Barmash, Isadore (1983-09-05). "Battle of Retailers in Dallas". New York Times.
  4. Kane, Courtney M. (1990-12-09). "Banks Reaching Out to Suburban Drivers". New York Times.
  5. 5.0 5.1 Pay-O-Matic CEO Seeks to Recast Image
  6. Klimkiewicz, Joann (2006-11-06). "Credit for a Cause". Hartford Courant.

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