CardWeb.com’s CardExecs database of payments industry movers and shakers today features Patrick Burke, President and Chief Operating Officer of Bluefin Payment Systems.
Risk management provider MicroBilt has added Michael Nathans and Tom Smith to the Board of Directors.
Michael Nathans, PRBCâs founder and now Chief Development Officer of
MicroBiltâs PRBC Division, and Tom Smith, a founder of Total Technology
Ventures, have been added to the board and will have full voting roles.
Nathans founded PRBC in 2002, after 25 years in the residential real
estate and finance industries. Prior to founding the company, he was a
Senior Manager with PriceWaterhouseâs Asset Securitization, Mortgage
Banking, and Financial Risk Management practices. Mr. Nathans also
co-founded Just the Facts, Inc. one of the first services to use credit
histories and court records to screen tenants for apartment complex
owners and managers. Smith is one of the founders of Total Technology Ventures, an
Atlanta-based venture capital firm that provides capital primarily to
early and expansion-stage financial technology companies. Prior to
founding Total Technology Ventures, he was Vice President of Small and
Medium Business at IBM. Earlier, he was the Southern Area General
Manager for IBM’s sales, marketing and services business in a 13-state
AIG announced that its Board of Directors has named Chairman Robert B. Willumstad to the additional position of CEO to succeed Martin J. Sullivan of Directors. Willumstad has been Chairman of the Board of AIG since November 2006 and is the co-founder of Brysam Global Partners, a New York-based private equity investment firm focused on emerging markets financial services investments. Previously he served as Chairman and Chief Executive Officer of the Global Consumer Group at Citigroup, where he was responsible for all of its global consumer businesses, including credit cards, consumer finance and retail banking.
Innovative Card Technologies has elected a new board of directors that include Dr. Maoshing Ni, Richard J. Nathan, and Harry L. Tredennick III, Dr. Donald Joyce, Scott Ogilvie and W. Robert Ramsdell to serve until to serve until the 2008 annual meeting. Ni founded Triumphant Investments, LLC in 1996, which is an investment company dedicated to early stage companies. Nathan founded JigSaw tek where he served as the Chief Executive Officer until 2005. Tredennick serves as an editor for Gilder Publishing. Joyce has served as Director since November 2003 and Chairman since September 2007. Ogilvie has served as Director since December 2006 and W. Robert Ramsdell has served as Director since June 2007.
CVT Prepaid Solutions has promoted Joseph Colacicco from Director of Quality Assurance to Vice President of Operations. Colacicco oversees CVT’s Quality program as well as the Company’s Customer Service and Network Operations Centers. Colacicco joined CVT’s forerunner, Orion Telecommunications Corporation, where he served as Chief Marketing Officer. Mr. Colacicco subsequently joined the POSA team at Prodigi, Inc. as a member of their senior management team before returning to CVT in June 2007 as Director of Quality Assurance. Prior to his tenure at CVT, Mr. Colacicco served as CEO and principal shareholder in Long Island Communication Systems for fifteen years. Colacicco received his Bachelor’s degree and MBA from St. John’s University, before becoming a faculty member in 2002 as a Strategic Management Professor and at Adelphi University serves as Adjunct Professor specializing in Entrepreneurship.
Robert Willumstad, the recently retired President and COO of Citigroup, has joined the Board of Directors of AIG. Willumstad, 60, was a member of the Citigroup Management and Business Heads Committee and of the Citigroup Board of Directors. Previously, Willumstad served as Chairman and Chief Executive Officer of the Global Consumer Group at Citigroup, with responsibility for all of Citigroup’s global consumer businesses, including credit cards, consumer finance and retail banking. Willumstad previously was Vice Chairman of the Global Consumer Group and led Citigroup’s Global Consumer Lending shortly after the merger of Citicorp and Travelers Group in 1998. He is a member of the Board of Directors of Mastercard International. American International Group, Inc. (AIG) is a provider of insurance and financial services.
U.S. Wireless Data, Inc. announced today the appointment of Richard S. Barton to its board of directors. This appointment brings the total number of board members to six.
Mr. Barton serves on the boards of both Avon Products, Inc. and the United States Chamber of Commerce. He is currently chairman, CEO, and president of ADATOM, Inc., a California based company which markets and sells retail and shopping solutions, including electronic catalogues and stores. He assumed these positions in September 1996 after completing a Sloan Fellowship at Stanford University.
Mr. Barton ended a distinguished 24 year career with Xerox Corporation (NYSE:XRX) in 1995. From 1993 to 1995, he held the positions of president, United States Customer Operations as well as corporate vice president. For the prior two years, he served as president, chairman and CEO of Xerox Canada, Inc.
From 1989 to 1991, Mr. Barton was vice president, North American systems sales for Xerox’ Integrated Systems Operations. Prior to 1991, he held several positions at Xerox that included, vice president marketing operations for Xerox’ United States Marketing Group, and executive assistant to the president, chairman, and CEO of Xerox Corp.
Mr. Barton earned his B.S. from Adelphi University, completed the Wharton Executive Development Program and the Wharton International Forum’s China, Japan, Europe and United States segments at the University of Pennsylvania and holds a master in business management from Stanford University.
Commenting on the appointment, Evon Kelly, CEO of U.S. Wireless Data, stated, “It is with great pride and enthusiasm that we welcome Mr. Barton to the board of U.S. Wireless Data. I look forward to drawing off of his tremendous breadth of business acumen, experience and contacts as we strive to make U.S. Wireless Data the industry standard in wireless transaction and credit card processing.”
USWDA’s proprietary enabling technology, TRANZ(TM) Enabler, converts a merchant’s existing dial-up TRANZ VeriFone credit-card terminal into a high-speed wireless terminal. It provides merchants with a faster and more cost efficient way to transact business. The wireless transaction takes 3 to 5 seconds verses 11 to 20 seconds with a dial-up service.
Going wireless means the merchant no longer needs a dedicated or shared telephone line to carry transaction traffic, thereby eliminating delays, busy signals and the cost to install or pay for monthly telephone service.
U.S. Wireless Data, Inc. has developed, tested and is now delivering compelling new proprietary products, programs and standards to the transaction processing and credit card industry which utilize Cellular Digital Packet Data (“CDPD”) wireless networks. USWD delivers the fastest and most cost-effective transaction processing solution to retail merchants in the United States today — wired or wireless.
USWD will generate recurring revenue from every transaction processed by merchants who utilize the company’s CDPD wireless technology. The company’s strategy will be to deploy its technology through marketing and partnership agreements with major cellular phone companies, regional and community banks, select ISO’s, and its own sales force.