The recent loss of Ed Gilligan at American Express has spurred CEO Ken Chenault to make major changes. The changes include the realignment of several businesses and reporting lines.
Monitise appointed Steve Chambers of Visa Europe to its Board, having spent most of his career in the payments sector. As Chief Information Officer at Visa Europe, Steve has been responsible for Visa Europe’s processing business which means regional data centres and business operations, enterprise architecture, technology and systems build, all change management and Visa Europe’s processing centre of excellence. Steve joined Visa in 2005 and managed the delivery of the Visa Europe authorisation service in 2006 as the first step in the creation of a European payments platform. At the same time he built the organisation and infrastructure needed to complete this journey and deliver best in class services to the Visa Europe world. Prior to joining Visa, Steve worked for ACI, First Data Merchant Services and EDS.
Steve Elefant is the new GoPago Chief Strategy Officer. Bringing with him over 25 years’ in the industry, most recently with Google Payments as a consultant and Heartland as CIO, Elefant intends to lead GoPago growth in new channels and further develop its “GoPago LIVE” all-in-one cloud POS. As a Senior Strategic Consultant at Google,…
USA Technologies wireless, cashless payment and M2M telemetry solutions for self-serve, small-ticket retailing industries appointed Steve G. Illes and Frank A. Petito, III to the Board of Directors to fill existing vacancies on the Board. This appointment increases the Company’s Board of Directors to eight members, and the Company anticipates filling the remaining vacancy on its Board in the near future. Frank A. Petito, III is President of Orbitz for Business, and has served as Senior VP, Corporate Development. He started out as an investment banker at Morgan Stanley and was VP, mergers and acquisitions at Hambrecht & Quist, a technology-focused investment bank in San Francisco. Steve G. Illes is an entrepreneur and investor and currently co-founder of InTherapeutics, an early pioneering balloon catheter company, and also has financed start-up and new technology companies.
Steve Boyer has been appointed Executive VP, Business Development with Galileo Processing prepaid, credit, debit and alternative financial services technologies. Boyer brings with him nearly three decades of experience in payments automation. In 1993 Boyer co-founded the concept of a declining balance closed-loop card for merchants, which later became known as the gift card. Boyer was most recently Chief Revenue Officer for HOPS, a SaaS-based business intelligence and data processing software firm. Boyer worked with large open-loop prepaid and payment automation programs at American Express, Wachovia, ADP Corporation, MBNA, Bank of America, Capital One, Chase Bank and others.
Steve Jobs has resigned as CEO of Apple and the Board has named its COO, Tim Cook, his replacement on Jobs’ recommendation. Jobs has been elected Chairman of the Board and Cook will join the Board. After having inspired Apple creative employees and world class executive team and ushering in a new era at Apple Computers, Steve will continue to serve Apple with his unique insights, creativity and inspiration as Chairman of the Board.
Stephen T. Middlebrook has joined FSV network branded prepaid debit card products and processing services as General Counsel. Coming to his new role from the U.S. Department of the Treasury as Senior Counsel, Financial Management Service, he provided legal advice for a variety of e-commerce initiatives for the Government, including stored-value, prepaid and debit cards; mobile payments; and internet-based collections and disbursements. He also advised on regulatory compliance, privacy, data security, intellectual property and other legal issues. Middlebrook is a graduate of Georgetown University Law Center.
Steve Stevenson has been named president of Comdata Corporation by Ceridian payroll outsourcing, workforce management, employee benefits administration and electronic payment services. Most recently CFO for National Processing Company payment processing services, Stevenson was previously CFO at Elavon payment solutions organization and subsidiary of U.S. Bancorp. He is a graduate of Georgia State University, a certified public accountant and earned an MBA from Dominican University in River Forest, IL.
Sterling Payment Technologies has appointed Stephen D. Kane Senior Executive Officer, Business Development, Mergers and Acquisitions and been appointed to its Board of Directors. He will be responsible for identifying and executing mergers, acquisitions, arranging financings and establishing a relationship with a major private equity partner for Sterling Payment, an area in which he has extensive experience. He has completed over 160 acquisitions in the last 25 years and has worked with a number of the leading private equity firms in the U.S. In 1987 Kane sold Endata to FFMC, then one of the fastest growing public companies in the U.S. and focused on the transaction processing industry, which went on to become the largest U.S. merchant acquirer as the parent company of NaBanco, and also owned TeleCheck, Western Union, MicroBilt and several other major companies. In late 1995, FFMC was sold to First Data Corporation for $7.1 billion. In April 1999, Kane founded International Payment Services, L.L.C. (âIPSâ) with GTCR Golder Rauner L.L.C., a private equity firm, and acquired NPCâs Check Service Division to form International Check Services, which became, through acquisitions, the third largest check guarantee firm in the U.S. before being sold to TeleCheck. He then joined First American Payment Systems, LP as Senior Executive Vice President, Business Development, Mergers and Acquisitions and became a Director of the company.
TX-based prepaid card provider PreCash has promoted Steve Taylor
to chief operating officer. In his new role, Taylor assumes responsibility for the company’s
operational and financial arms.
Taylor joined PreCash in 2002 as director of finance, and most recently
served as executive vice president of operations and chief financial
officer (CFO). He continues to serve as its CFO.
Before PreCash, Taylor served as CFO for Assembletech and vice president
of finance at TeleCheck. Taylor is a Certified Public Accountant with a
Bachelor of Science in Accounting from Northern Arizona University. PreCash offers
its line of Vision Visa Prepaid Cards and other prepaid Visa and
MasterCard products, prepaid debit card program management services,
real-time cash bill payments, prepaid wireless refills, payroll card
products and more.
Cardtronics has tapped Steven Rathgaber, previously President/COO of NYCE Payments Network, as its CEO.
During Rathgaber’s 18 years at NYCE, he served in a number of sales
and operating roles within that organization, including most recently
the position of President and Chief Operating Officer, which he assumed
in 2004 concurrent with the acquisition of NYCE by Metavante. During his
tenure at NYCE, Rathgaber was responsible for developing and leading
NYCE’s payment product expansion strategy, which included, among other
things, the launching of internet and mobile banking and payment-related
services. He was also responsible for NYCE’s domestic and international
expansion efforts, and oversaw the acquisition and integration of
numerous debit networks and transaction processing platforms. Prior to
joining NYCE, Rathgaber served in a number of operational management
roles with Automatic Data Processing, Inc. and Citibank. He
holds a Bachelor of Science degree in Accounting from St. John’s University.
In connection with the appointment of Rathgaber as the Company’s new
Chief Executive Officer, he was also elected to the Company’s board of
directors. Both the appointment and the election will become effective
February 1, 2010.
Prepaid provider Green Dot CEO and founder Steve Streit was honored with
an “Industry Achievement Award” from Paybefore. In 1999, Streit began
to sell prepaid debit cards targeted to the millions of Americans who
than $50,000 a year and who are underserved by the financial services
industry. In 2004, Green Dot launched the Green Dot Financial Network,
the first retail cash-acceptance reload network, which has quickly
become the leading reload network for open-loop cards in terms of its
national footprint, the number of card programs supported, and in terms
of consumer and merchant reload brand awareness. Today, Green Dot
provides consumers with financial empowerment through a suite of
products and services, including prepaid debit cards, gift cards, and
the Green Dot “MoneyPak”.