CardWeb.com’s CardData database of Company Profiles today features Cubic.
Hypercom is in final negotiations to acquire the e-Transactions business line of Thales. The Company also announced the promotion of Philippe Tartavull to CEO from COO. Under terms of the Thales deal Hypercom would purchase the French firm’s e-Transaction business line for $120 million in cash with a potential earn out of up to $30 million. Thales Group’s Security Solutions & Services Division posted consolidated revenues for the first three quarters of 2007 of $142 million. The proposed combination would represent the third largest global provider of electronic payment solutions and services. Hypercom said it plans to finance the transaction with $60 million of the Company’s existing cash on hand, combined with a $60 million investment from Francisco Partners. Meanwhile, Hypercom confirmed that Tartavull will now serve as CEO and President and member of the Board. Norman Stout has been elected Chairman of the Board, replacing Daniel Diethelm who will remain as a member of the Board. Johann Dreyer, CEO and Director of S1 Corporation, has been appointed to the Board. Upon the closing of the Thales deal, Keith Geeslin, Partner of Francisco Partners, and Jack McDonnell, Jr., retired Chairman, CEO and founder of TNS, are expected to be appointed to the Hypercom Board.
Hypercom is in final negotiations to acquire the e-Transactions
business line of Thales. The Company also announced the promotion of
Philippe Tartavull to CEO from COO. Under terms of the Thales deal
Hypercom would purchase the French firm’s e-Transaction business line
for $120 million in cash with a potential earn out of up to $30 million.
Thales Group’s Security Solutions & Services Division posted
consolidated revenues for the first three quarters of 2007 of $142
million. The proposed combination would represent the third largest
global provider of electronic payment solutions and services. Hypercom
said it plans to finance the transaction with $60 million of the
Company’s existing cash on hand, combined with a $60 million investment
from Francisco Partners. Meanwhile, Hypercom confirmed that Tartavull
will now serve as CEO and President and member of the Board. Norman
Stout has been elected Chairman of the Board, replacing Daniel Diethelm
who will remain as a member of the Board. Johann Dreyer, CEO and
Director of S1 Corporation, has been appointed to the Board. Upon the
closing of the Thales deal, Keith Geeslin, Partner of Francisco
Partners, and Jack McDonnell, Jr., retired Chairman, CEO and founder of
TNS, are expected to be appointed to the Hypercom Board.
Research from Loyola Marymount University found gift cards from certain stores fetch consistently lower sale prices than others. The research suggests gift cards are less valuable to recipients when given for stores that offer less product variety and fewer locations. Ranked according to their resale value, the ten “best” gift cards are Home Depot, Lowe’s, Office Max, Circuit City, Starbucks, Old Navy, Wal-Mart, Target, Staples and Best Buy, all selling for above 86% of their original value (a 14% maximum discount). The five “worst” gift cards are Tiffany & Co, Victoria’s Secret, Abercrombie & Fitch, American Eagle, with Express coming in last at 74% (a 26% discount). LMU is the largest Catholic institution of higher education in Southern California with nearly 5,500 undergraduate students and more than 3,000 graduate and law students.
Electronic Clearing House has hired Shawn Alikian, formerly with the Homestore, as in-house General Counsel . At Homestore he served as division counsel and vice president of corporate development where he was a legal strategist and executive responsible for business transactions, corporate matters and legal issues. Earlier in his legal career, Alikian was a corporate and business transaction attorney for Sideman & Bancroft LLP, San Francisco, California, and a business transaction and litigation attorney for Lang, Richert & Patch. Alikian holds a Juris Doctor degree from Loyola Law School, Los Angeles, an MBA from Loyola Marymount University, Los Angeles. ECHO provides a complete solution to the payment processing needs of merchants, technology companies, banks and collection agencies.
CA-based Tranax Technologies has formed a Board of Directors including Wolfgang Hausen, Jack McDonnell Jr., Dr. Kathryn Hanson; Dr. Hansup Kwon and Heemook Kwon. The role of the newly-created board of directors will be to serve as a sounding board and counsel to help the CEO and executive team evaluate and respond to strategic business opportunities and challenges. The charter will also include accelerating the implementation of practices, people, and strategies needed to expand and grow Tranax. The five board members will serve for 3 years and will provide best practices related to corporate strategy, operations and general management. Tranax provides the design, development, manufacture and sale of self-service technology to the retail, banking, hospitality, entertainment, and gaming industries.
Discover Financial Services has hired Christina Favilla, formerly First Vice President, Banking and Cash Management, Product Development at T.D. Waterhouse, as President of Discover Bank. Favilla also served as the Vice President, Business Analyst for Retail Banking and as the Vice President, New Business Development Manager of Home Equity Services for Chase Manhattan Bank. Favilla holds a Masters of Business Administration in Information Systems from Fordham University and a B.A. in International Studies from Marymount College.
TSYS Europe has named a managing director. Kelley Knutson, formerly CEO of Clear Money Ltd., will join the Company on January 5th. Knutson also previously served as an executive with GE
Capital and VISA International. Mr. Knutson is a resident of London who has worked in Europe the past 14 years. TSYS established its European offices in 1999. TSYS Europe is currently engaged in
a number of critical initiatives: building a new data center in Europe; modifying the TS2 payments system to meet requirements of specific European markets; and introducing new technologies like debit, e-commerce,
store cards, gift cards and “TSYS ProphIT,” a workflow management system that connects disparate technologies across an enterprise.
Daniel Bland, President and Chief Executive Officer of Upgrade International announced Wednesday that the Board of Directors has appointed C. Rowland Hanson to its Board of Directors.
Additionally, Mr. Bland and Mr. Hanson announced that Upgrade and CRH & Associates have entered into a consulting agreement whereby CRH & Associates will oversee Corporate Communications and Branding Strategies on behalf of Upgrade and its subsidiaries.
Hanson is the President of CRH & Associates (www.crh-associates.com), a consulting firm based in Redmond, Washington, specializing in strategic planning, marketing and corporate communications for a wide range of industries. Prior to founding CRH, Hanson served as Vice President of Corporate Communications for Microsoft Corporation. At Microsoft, he developed and executed the company’s branding strategy which included the naming and launch of such products as Microsoft Windows.
Prior to Microsoft, Hanson served as Vice President of World-Wide Marketing for Neutrogena Corporation, where he was a member of the team that conceived and developed several new products while expanding the business on a global basis.
Mr. Hanson, also is a member of the Board of Directors of Direct Focus, Inc., one the leading companies in health and fitness. Direct Focus owns and markets several brands of health and fitness equipment including Bowflex, Nautilus, Schwinn Fitness, & StairMaster.
Hanson has a MBA degree from the Wharton School of Business and his bachelor degree in business administration from Loyola – Marymount University.
Daniel Bland commenting on the appointment, “We at Upgrade are very excited that Rowland has joined the Upgrade family. His expertise in brand-name development and corporate communications will add significantly to the Company. His knowledge will be extremely valuable as Upgrade develops its business and its overall corporate communications programs. We are most pleased about our consulting arrangement, however, with Rowland also serving on our Board of Directors we will benefit from his experience as we position the Company as we prepare to bring our products to market.”
ABOUT UPGRADE INTERNATIONAL
Upgrade International Corp. through its ownership interest in UltraCard Inc., Efornet Corp., and cQue Corporation is engaged in the development and commercialization of a patented ultra high capacity portable data storage technology. UltraCard’s patented method for using existing hard disk storage technology provides both highly durable media in a credit card format and an inexpensive read/write device that together will become the next generation in personal portable data storage for a broad range of existing and new markets. Management believes that the UltraCard technology will potentially provide numerous industrial users with a combination of high levels of security and a vastly greater amount of personal transportable data storage at the lowest cost in the industry. In addition the acquisition and development of existing SmartCard solution providers represents a strategic market strategy designed to accelerate the integration of the vastly superior technology inherent in the UltraCard into existing and newly developing markets.
On Behalf of the Board of Directors, Daniel S. BlandM President and Chief Executive Officer
1ClickCharge, the pioneering single-click Internet payment service, announced the appointment of Joseph W. Rio as Chief Financial Officer. As 1ClickCharge’s CFO, Rio will supervise all accounting and financial matters, including reporting, budgeting, managing audits, and developing and reviewing internal controls. In addition to finance, Rio is responsible for legal, human resources and facilities.
Rio joins 1ClickCharge from the position of Vice President and Controller of Vendor Financial Services, a $13 billion (assets) subsidiary of GE Capital. His responsibilities there included accounting, internal and external reporting, treasury and cash management, and financial integration of acquisitions for the 13 businesses that comprise VFS. Previously, he was a CPA with Arthur Andersen and Company, and held various financial management positions during a ten-year career at MasterCard International. As Senior Vice President and Controller at MasterCard, Rio was selected Financial Executive of the Year in 1996 by the Westchester Chapter of the Institute of Management Accountants for leading revenue and expense strategies that improved MasterCard’s operating margin from zero to six percent. Other positions he held at MasterCard include Vice President of Budgets and Financial Analysis, Director and Assistant to the Chief Executive Officer, and Manager of Financial Analysis.
“We are very pleased to add Joe to our superior management team with his strong technical skills and successful track record as a financial strategist,” said Heidi R. Goff, President and CEO of 1ClickCharge. “With Joe taking the reigns as CFO, I will be able to fully concentrate on the major expansion of the 1ClickCharge payment service.”
Rio earned his MBA in Finance and Accounting from Northwestern University and received a B.S in Biology from Loyola Marymount University.
1ClickCharge’s Web payment service makes credit cards perform like cash on the Internet. With its patented authentication technology, 1ClickCharge gives consumers the ability to easily purchase web content on a pay-per-use basis in small dollar amounts. Because 1ClickCharge is 100% outsourced, merchants will quickly realize profits without the technical hassles typically associated with setting up their own Internet payment service. 1ClickCharge’s mission is to lead the industry in single-click Internet payments under $20, a market space it calls Convenience e-Commerce(TM). The company is led by Heidi R. Goff, President and CEO, a 20-year senior management veteran of MasterCard, GlobalPay, ADP and IBM; and Brian Smiga, SVP of Marketing and Business Development, formerly co-founder of software companies Actioneer.com and DaytoDay. 1ClickCharge is a service of 1ClickBrands, LLC, a majority-owned operating company of CMGI, Inc. (Nasdaq:CMGI). Visit the company’s Web site at [www.1clickcharge.com].