Diebold has appointed John Ennis country manager, U.K. and Ireland to lead sales and service activities and execute the company’s growth strategies in that region. He will also lead efforts in continuing to strengthen Diebold’s position in the U.K. and Ireland, relying on the company’s global expertise and extensive solutions portfolio. Ennis gained 20 years of experience in the financial self-service industry, holding several senior management positions in the banking and supplier sectors. He has spent the past 10 years working in a global services and product company where he developed a thriving business within the U.K. banking sector, also leading the development of global banking accounts.
SAF-T-PAY has signed an alliance agreement with Navegalo.com to offer
online retail consumers secure e-payment. With this, e-commerce purchases
can be made through the customer’s local bank via Navegalo.com for local
payment, regardless of the location of the retailer. Navegalo.com is a
of Grupo GMS with more than 60 million hits per month and over 175,000
registered e-mail users. Aside from e-commerce functionality, Navegalo.com
offers consumer services including news, radio, free e-mail, job
chat rooms. SAF-T-PAY’s secure e-payment system allows online bank
customers to make purchases through their local bank and targets e-commerce
markets including shoppers afraid of online transactions because of
identity theft, overseas banking customers without a US-issued credit card wishing
to shop online with US merchants and the 60% of the global online banking
customers without a credit card.
NY-based National Envelope Corporation has unveiled card sleeves and mailing envelopes to help shield contactless payment cards in transit. The new “Smart Card Guard” uses a thin protective metallic barrier that is incorporated into a specially produced, easy-to-print substrate. The new product was developed late last year and tested early this year by InfoGard Laboratories. The Company said the new product was developed in response to a 2006 study by researchers at the University of Massachusetts-Amherst. The test of 20 smart cards showed encryption levels were not nearly strict enough to prevent easy interception of personal information. National Envelope manufactures approximately 50 billion envelopes a year via 21 manufacturing facilities in the U.S. and Canada. A report released last week by Packaged Facts projects that total contactless credit and debit cards in the U.S. will reach 109 million by 2011 from the current 27 million. (CF Library 5/2/07)
Dublin-based Trintech Group Plc says An Post, Ireland’s Post
Office Authority, has deployed Trintech’s secure, chip-enabled PINPad
nationally. The new technology enables An Post to offer AIB Bank customers
the facility to carry out banking transactions throughout its network of over
1,000 automated post offices, compared with 280 AIB branches nationally.
The smart card enabled PINPad will also allow the future acceptance of
smart card transactions compatible with the global EMV standard. In
addition to the PINPads, An Post licensed Trintech’s secure key management
software, “PayWare PINPad Manager,” and “PayWare SDK,” a software
development toolkit, to enable An Post to add additional applications for
First Union and Wachovia announced the next level of leadership for the combined company, effective after merger consummation. These 105 leaders will report to the new Wachovia Operating Committee members — the 13 direct reports to Ken Thompson and L.M. Baker Jr., who, respectively, will be chief executive officer and chairman of the new Wachovia. This team will help define and create all aspects of the new company, and will be drivers of future success for the proposed fourth largest bank holding company in the United States.
“Selecting these leaders is an important step in our merger integration efforts, and I am excited about the opportunity to begin combining our two teams,” said Baker. “We had a broad range of exceptional talent to choose from, and while the decisions were difficult, I believe we have selected the best group to move our new company forward.”
Leaders were chosen for their roles through a detailed and thorough selection process that included open self-nominations, interviews and final approval of each selection by Thompson and Baker.
“I am confident in the talent of this team and its ability to ensure the new Wachovia is a fierce competitor in financial services,” said Thompson. “This new leadership reflects the combination of two powerful teams and will make us stronger than we were before our plans to merge.”
The new leadership team is listed in order of reporting relationship to previously named Operating Committee members for the new Wachovia:
Capital Management Group – Don McMullen
Compliance – Vic Albrecht
Insurance: Annuities, Life (Mass Mkt.), Online – David deGorter
Strategic Relationship Director, Wealth Management – Anne Doss
Asset Management/Mutual Funds/ Business Management – Bill Ennis
Chief Investment Officer – Dennis Ferro
Corporate and Institutional Trust – Darryl Fluhme
Brokerage – Danny Ludeman
Women’s Financial Advisory – Debra Nichols
Chief Investment Officer, Wealth Management – Steve Reynolds
Chief Financial Officer – Emile Shahadi
Corporate and Investment Banking – Steve Cummings and Barnes Hauptfuhrer
Treasury Services – Ranjana Clark
Co-Head, Principal Investing – Ted Gardner
International – Michael Heavener
Fixed Income – Steve Kohlhagen
Equity Capital Markets – Mickey Misera
Co-Head, Principal Investing – Scott Perper
Group Operating Officer – Tom Pacer
Finance – Dave Pitelka
Client Development Administration – Amy Pitt
Leveraged Finance – Wayne Robinson
Investment Banking – Kevin Roche
Structured Products – Ben Williams
Global Corporate Banking – Doug Williams
Corporate and Community Affairs – Mac Everett
Public Policy – Greer Cawood
Community Development – Jane Henderson
Corporate Communications – Ginny Mackin
Corporate Contributions and Community Involvement – Shannon McFayden
Finance – Bob Kelly
Corporate Real Estate – Bob Bertges
Financial Regulatory Reporting – David Julian
Investor Relations – Alice Lehman
General Services and Operations – Dale Quigg
Audit – Peter Schild
Corporate Tax – Pat Shevlin
Treasury and Planning – Tom Wurtz
General Bank – Ben Jenkins
Contact Call Center – Steve Boehm
Mid-Atlantic Chief Executive Officer – Jim Cherry
Atlantic Chief Executive Officer – Reggie Davis
Florida Chief Executive Officer – Bob Helms
Community Banking – John (Bill) Holt
Customer Service Excellence – Beth McCague
Wholesale Segment – Walter McDowell
Chief Financial Officer – Bob McGee
Merger Integration – David Pope
Penn/Del Chief Executive Officer – Bob Reid
Real Estate Financial Services – Mike Slocum
Carolinas Chief Executive Officer – Will Spence
Retail Segment – Cece Sutton
Georgia Chief Executive Officer – Gary Thompson
General Bank Products – Beverly Wells
Human Resources – Paul George
Recruiting Solutions – Denny Clark
Capital Markets – Jim Esposito
Compensation and Benefits – Larry Gilmer
Wealth Management – Peggy Joines
Corporate Businesses – Hector McEachern
Information Technology, Operations and e-Commerce – Patti Royal
Capital Management – Doug Steele
Chief Financial Officer – Ben Stewart
Performance and Leadership Consulting – Jeanette Sims
HR Enterprise Services – Sharon Smart
General Bank (State Banking and Retail Financial Services) – Gwynne
Information Technology, e-Commerce and Operations – Jean Davis
e-Commerce – Lawrence Baxter
Chief Information Officer, Shared Services – Nancy Church
Chief Information Officer, Commercial – Martin Davis
Banking and Enterprise Support Services – Jerry Enos
Chief Information Officer, Capital Markets – Bridget-Anne Hampden
Chief Financial Officer – Ginny Hartsema
e-Ventures – Don MacLeod
e-Risk – Joel McPhee
Chief Information Officer, Wealth Management and Capital Management –
Chief Information Officer, Retail – Joe Monk
Operating Services – Richard Penland
Technology Services – Frank Robb
Wholesale Operations – Bob Sontag
Chief Information Officer, e-Commerce – Julian Wachs
Legal – Mark Treanor
Capital Management – Hal Clark
Litigation/Interim Risk Management – Douglas Edwards
Wealth Management – Joe Long
General Bank – Mark Metz
Capital Markets – James Powers
Corporate Services – Sterling Spainhour
Corporate and Securities – Michael Watkins
Risk Management – Don Truslow
Chief Risk Officer, Capital Markets – John Bresnan
Senior Risk Officer, Capital Markets – David Gaines
Risk Support Services – Ray Johnson
Chief Risk Officer, General Bank and Commercial – Spurgeon Mackie
Chief Risk Officer, Commercial Real Estate – Mark Midkiff
Chief Risk Officer, Consumer – David Nole
Market Risk – Fred Pennekamp
Portfolio Management Modeling/Risk Methodology – Russell Playford
Operational Risk – Yousef Valine
Chief Risk Officer, Capital and Wealth Management – TBD
Compliance Officer – TBD
Specialty Finance & Corporate Support Services – David Carroll
Specialty Finance – Bob Burton
Customer Analytics – Bob DeAngelis
Corporate Marketing – Jim Garrity
Data Management – Guenther Hartfeil
Merger Integration Project Office – Sid Tate
Wealth Management – Stan Kelly
Wealth Management Director, Florida – Anne Alexander
Wealth Management Director, Atlantic (NY/NJ/CT) – Linda Bowden
Wealth Management Director, Penn/Del – Curt Farmer
Chief Operating Officer – Bob Kniejski
Chief Financial Officer – Glenn McCoy
Wealth Management Director, Carolinas – Bob Newell
Ultra-High Net Worth – Dan Prickett
Wealth Management Director, Virginia – Michael Roberts
Wealth Management Director, Metro-Washington, D.C. – Deborah Shore
Wealth Management Director, Georgia – Isaiah Tidwell
First Union (NYSE: FTU), with $246 billion in assets and stockholders’ equity of $16 billion at June 30, 2001, is a leading provider of financial services to 15 million retail and corporate customers throughout the East Coast and the nation. The company operates full-service banking offices in 11 East Coast states and Washington, D.C., and full-service brokerage offices in 47 states. Online banking products and services can be accessed through.
Wachovia (NYSE: WB) is a major interstate financial holding company offering banking and financial services to individuals primarily in Florida, Georgia, North Carolina, South Carolina and Virginia and to corporations and institutions throughout the United States and globally. Wachovia Corporation is headquartered in Atlanta and Winston-Salem, N.C., and had assets of $74.8 billion at June 30, 2001. Wachovia’s Web site is located at .
VeriFone, the leading global provider of secure electronic payment solutions and a division of Hewlett-Packard Company, announced Wednesday that Telecom Eireann, Bank of Ireland and Allied Irish Banks completed the first implementation of VeriFone’s VeriSmart software by a telecommunications company for hosting financial institutions’ smart card services.
The program marks a new era in electronic commerce as telecoms and financial institutions team up to deliver smart card services to the home.
Telecom Eireann is utilizing VeriFone’s VeriSmart software to host Visa Cash, a Visa International product, electronic purse load-application for both Allied Irish Banks and the Bank of Ireland. Telecom Eireann is distributing VeriFone’s Personal ATM (PATM) devices to as many as 500 consumers in Ennis, Ireland during the initial rollout this month.
Through the partnership with Telecom Eireann, both banks are able to immediately market and distribute smart card services by making an easy to use value loading system accessible in the homes of consumers.
VeriFone’s VeriSmart software is being implemented worldwide by several major telecommunications companies, enabling them to host smart card services for banks, utilities, retailers, healthcare and government agencies. VeriSmart software is an open and flexible middleware architecture that easily integrates into the telecommunications network infrastructure.
By leveraging a telecommunications company’s existing public infrastructure to run VeriSmart software, it is possible for financial institutions and retailers to save up-front costs and to offer smart card services almost immediately.
“VeriFone’s VeriSmart smart card application platform software has enabled Telecom Eireann to be the first telco to bring a new value load system to market,” said Fiona Tierney, head of Card and Payphone Services. “With the VeriSmart software we will be able to provide smart card solutions through devices such as cell phones, smart/screen phones, personal computers, public phones, Personal ATM devices and other smart card appliances.”
Europe has aggressively adopted smart card technology over the past 10 years. As new infrastructures are established, more flexible smart card solutions are becoming available.
Telecom Eireann, Ireland’s leading telecommunications company, is a primary example of this progressive technology focus and has invested significant resources to make the town of Ennis a technology center. Through the PATM devices connected to Telecom Eireann’s server system, consumers in Ennis will be able to check their Visa Cash card balance as well as load Visa Cash onto their cards at home.
“The VeriSmart software with PATM devices not only offers consumers the latest technology in smart card services, but will provide us with a guide to consumer attitudes and behavior in relation to this home banking concept,” said Frank Doherty, project manager, Electronic Banking, Allied Irish Banks. “The flexibility of the VeriSmart software allows us to work with the infrastructure of the telcos and deliver more smart card services to our customers.”
“VeriSmart software provides a value-added service to our customers by offering them the convenience of loading their Visa Cash card in their own home,” said Paddy Byrne, head of Payments and Electronic Banking Services at Bank of Ireland. “Smart card technology will play an increasingly important role in the growing area of home banking, and we are delighted to be working with Telecom Eireann and VeriFone on this exciting project.”
“VeriFone’s established leadership in electronic payment has helped enable the collaboration of banks, telecommunications companies, merchants and card associations to create a strong smart card infrastructure that brings new applications to consumers,” said Tom Kilcoyne, vice president and general manager of VeriFone’s E-Commerce Software Division. “VeriSmart software creates new services and revenue streams for all parties.”
VeriSmart software is a scalable client/server technology that enables financial institutions, telecommunications companies and other service providers to implement a complete multi-application consumer smart card solution seamlessly, from processor to consumer. Once a consumer appliance connects to the server, the appliance automatically accesses the latest smart card application including Visa Cash, Mondex and Proton, providing the flexibility for integrating future smart card capabilities into the existing architecture.
About Telecom Eireann
Telecom Eireann was established in 1984 and is Ireland’s leading provider of local, long distance and international telecommunications services, including mobile and data communications.
Telecom Eireann currently employs 11,000 throughout Ireland. Total revenues for Telecom Eireann in 199798 reached IR(pound)1.35 billion, with operating profits of IR(pound)241 million and after-tax profits of IR(pound)155 million. Capital expenditure for the year amounted to IR(pound)297 million, provided entirely from internal resources. Telecom Eireann has an installed base of 1.5 million telephone lines, which generated 8.3 billion minutes of traffic in 199798.
About Bank of Ireland
Bank of Ireland () was established by private subscription under Royal Charter in 1783. For over two hundred years the Bank has been pivotal to the Irish banking system. The group currently organizes its business into the Retail Division, the Corporate and Treasury Division and other group activities. At 30 September 1997, BOI had assets of IR(pound) 31 billion and 12,000 employees worldwide.
About Allied Irish Banks PLC
Allied Irish Banks PLC () is Ireland’s leading banking and financial services organization. It operates principally in Ireland, Britain, the United States, Poland and Asia. With assets of IR(pound) 41 billion and employing more than 23,000 people worldwide in over 900 offices, Allied Irish Banks PLC has 50,000 shareholders.
VeriFone (), is a division of Hewlett-Packard Company and the leading global provider of secure electronic payment solutions for financial institutions, merchants and consumers. VeriFone has shipped more than six million payment systems used in over 100 countries.