CardWeb.com’s CardExecs database of payments industry movers and shakers today features Vasant Prabhu, Executive Vice President and Chief Financial Officer of Visa, Inc.
Visa named a NBCUniversal Media executive as its new Executive Vice President and Chief Financial Officer. Vasant Prabhu takes over on February 9.
Visa announced that Kelly Mahon Tullier will join the company as Executive Vice President and Deputy General Counsel. She joins Visa from PepsiCo, Inc., where she was the Senior Vice President and Deputy General Counsel. Ellen Richey, Chief Legal Officer, Chief Risk Officer, and member of the Executive Committee will continue in those roles through September 30, when she will become Vice Chairman – Risk and Public Policy. The Chief Risk Officer and the Chief Audit Executive will report directly to Ms. Richey. Ms. Richey will also lead a newly created function responsible for Public Policy at Visa, which will include ensuring that Visa continues to drive the future of payment security, being our voice with legislators, regulators and clients globally regarding payment system security, and other similar initiatives combining business and policy issues of strategic importance to Visa. She will also be responsible for coordinating global crisis management at the executive level.
DataCash, a MasterCard Company, partnered with digital agency Tangent Snowball, to offer their existing clients the benefits of DataCash’s payment gateway. Tangent Snowball offers a unique range of services including bespoke enterprise e-commerce, built upon their open-source framework ‘Oscar’. Oscar is built for flexibility and is used in production by Tata Group, PepsiCo and Carlsberg amongst others. The new partnership with DataCash combines the passion from both companies to provide industry leading technology for online retailers. The collaboration will offer Tangent Snowball clients an enhanced ecommerce service through the DataCash payment gateway enabling a seamless, secure and inclusive payment experience which can be used across multi-channel platforms for both medium and large merchants.
Self-Service Networks introduced the first bundled gift card and automated selling application designed for shopping malls. GiftWise+ delivers Self-Service Networks’ proprietary kiosk; mall-branded, open-loop gift card; credit card payments processing and all required back-end services including funds settlement, reconciliation and regulatory compliance in a single product. In the past, malls contracted with multiple vendors and invested significant staff time away from their core business to administer gift cards. Some shopping centers have eliminated customer service centers due to budget cuts which also eliminated or reduced labor needed to sell gift cards.
American Express Company announced that Daniel L. Vasella, M.D. has been elected to its Board of Directors. Having served as CEO and executive member of the Board of Directors for 14 years following the merger that created Novartis in 1996, Dr. Vasella was appointed Chairman of Novartis in April 1999. Before the Novartis merger, Dr. Vasella was CEO of Sandoz Pharma Ltd. and a member of the Sandoz Group Executive Committee. From 1988 to 1992, he was with Sandoz Pharmaceuticals Corporation in the United States, prior to which he held a number of medical positions in Switzerland.
Steven D. Barnhart has been elected USA Technologies’ Lead Independent Director. With this he will become the Company’s first Lead Independent Director and will also continue to be Chair of the Nominating Committee and a member of the Audit and Compensation Committees. The move to name a Lead Independent Director is consistent with the Company’s efforts to augment corporate governance and shareholder friendliness. Among his key responsibilities as Lead Independent Director, Mr. Barnhart will consult with the Chairman of the Board on the agenda for and schedule of meetings of the Board of Directors, serve as a liaison between the Chairman of the Board and the independent directors, chair executive sessions of the board’s independent directors, and participate with the Chairman of the Board on communications with the Company’s shareholders.
Stephen P. Herbert has been appointed Chief Executive Officer (CEO) and Chairman with USA Technologies wireless, cashless payment and M2M telemetry solutions for self-serve, small-ticket retailing industries. Having joined the Company in 1996 and served as a member of the Company’s Board of Directors since that time, Herbert was appointed and served as President and Chief Operating Officer since 1999. He had been employed by The Pepsi-Cola Company, the beverage division of PepsiCo, Inc., where he held several management positions in operations, sales and marketing. He graduated with a Bachelor of Science degree from Louisiana State University.
Shoppers have the option to use their MasterCard credit cards at all of the nearly 10,000 Dollar General locations across the country, expanding on previous acceptance of MasterCard debit and prepaid cards. Dollar General reinforces its leadership among small-box discounters by adding MasterCard branded credit cards. As consumers have become more comfortable using payment cards, there has been a migration of everyday spending from cash and check to electronic payment.
Ken Schwenke has been appointed President with DFC Global unbanked and under-banked financial services. Schwenke will focus on driving innovation for the Company and assume responsibility for strategic planning and new market development. He has served as a member of the board of directors from 2006, and has served as a member of the audit, governance, and compensation committees. Schwenke earned a bachelor’s degree from Syracuse University, and a Masters of Business Administration from Duke University.
Andrea Forster has been appointed MasterCard Corporate Controller and Principal Accounting Officer. Bringing to the table more than 10 years’ experience in various finance positions, most recently with Pepsi Bottling as Corporate Controller from 2000-2007 and VP, North America Finance from 2007-2008, Forster will head MasterCard finances. Prior to Pepsi Bottling Group, Andrea was vice president, Supply Chain Transformation, PepsiCo and she holds a Bachelor of Science in Accounting from Providence College and is a certified public accountant.
MasterCard Worldwide has appointed Deborah Hsu Serianni as Group Head of Global Consumer Marketing, and Benjamin Jankowski as Group Head of Global Media. Deborah Hsu Serianni will be responsible for developing and managing MasterCardâs consumer marketing strategies around the world to drive brand preference and revenue growth by partnering with key stakeholders to deliver targeted, integrated solutions that address the needs of segments around the world. Benjamin Jankowski will be responsible for coordinating MasterCardâs media plans, media mix and consumer targeting while focusing on optimizing marketing investments through continued improvements in efficiencies and effectiveness. Serianni was most recently the Global Vice President of Personal Care, Hair Care and Wellness for Avon Products after having spent nine years with Johnson & Johnson in Asia-Pacific and eight years with Procter & Gamble in Europe. Jankowski brings with him three decades of brand strategy and media planning experience and joins MasterCard from OMD, a division of the Omnicom Group Inc, where he most recently served as the Global Account Director for Johnson & Johnson and previously for PepsiCo International.