KEY POINTS:
SmartPay has appointed Ian Bailey as its managing director and John Seton as acting chairman.
Smartpay is reviewing all aspects of its business in light of the economic environment. As part of the restructure chief executive Linc Burgess moves to a new sales and business development role inside the company.
Seton replaces Bob Parkinson who resigned as chairman to become acting chief executive for the Auckland Rescue Helicopter Trust. Bailey founded Cadmus Technology. Smartpay sells services to merchants.
