The online and mobile payment provider YapStone has hired PayPal veteran Mary Hentges as its new chief financial officer.

Hentges will lead Yapstone's financial operations when she joins the company Oct, 1. She was PayPal's CFO for seven years and after that was CBS Interactive's CFO for two years.

"I'm confident that Mary will have a profound impact on the future of YapStone as we are entering the most exciting time in the company's history," said Tom Villante, chairman and co-founder of YapStone, in a press release Sept. 21. "Mary will be more than our senior-most finance executive – she has the ability and experience to help YapStone disrupt and innovate payment markets around the world. She's one of very few who have done it before."

YapStone provides payments services for apartment rentals, vacation rentals, homeowner associations, utilities, non-profits and other client groups.

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