 The company operates offices in Las Vegas, San Francisco, Salt Lake City, Houston and London.BankServ was founded by a group of investors led by current CEO David Kvederis, a former senior vice president of Wells Fargo Bank.Kvederis is widely known in the financial industry for helping introduce Direct Deposit during his tenure as chairman of the National Automated Clearing House Association (now NACHA-The Electronic Payments Association) during the 1980s.