CardWeb.com’s CardExecs database of payments industry movers and shakers today features Brian V. Mooney, Interim Chief Executive Officer of the Merchant Customer Exchange.
NY-based iPayment added four new members to its Board, including David R. Hughes, Marshall J. Lux, Michael P. Monaco and Brian V. Mooney
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Barry McCarthy, President of First Data’s U.S. Financial Services.
First Data announced two promotions and two new hires to its senior leadership team. Among the promotions: Barry McCarthy to lead four strategic businesses including the STAR Network.
Acculynk payments provider and “PaySecure” software-only service for Internet PIN debit payments appointed Mark Herrington to its Board of Directors. Currently Executive Vice President, Global Product Management & Innovation for First Data Corporation, Herrington brings to the board a wealth of experience. He joined First Data in 2007 as First Data was in the process of acquiring Money Network, which he co-founded in 2001. Mr. Herrington’s financial services experience includes prepaid, TeleCheck, e-commerce, mobile payments and merchant loyalty.
USAePay has fully integrated with the First Data North processing platform, complimenting its existing support for the First Data Nashville platform to offer merchants access to its services and solutions. USAePay is especially pleased to have added support for PIN debit and Level III corporate card purchasing. USAePay supports a full range of eCommerce (card not present), Retail (card present) and recurring billing features. This integration effort is a continuation of USAePay’s commitment to provide merchants and service providers with the widest range of solutions.
First Data electronic commerce and payment processing announced Equifax is set offer its ” Confidence Score” solution alternative scoring tool that provides access to hard-to-locate information on sub-prime, thin-file, and no credit score consumers. The First Data “Confidence Score” solution will help Equifax’s financial institution clients to identify new account applicants who have low credit scores or little credit history and to facilitate new account opening and review decisions. Each new account applicant is screened and assigned a score between 1 and 999.
SecurityMetrics’ new TIN Matching Service helps payment processing entities recover and match merchant tax identification numbers (TIN) and legal business names to streamline the matching process for a subset of SunTrust Merchant Service merchant clients that have not yet validated with Internal Revenue Service (IRS) records. SunTrust Merchant Services selected SecurityMetrics’ “TIN Matching Service” to streamline the matching process for a majority of its merchants. In accordance with new U.S. Government regulations originating from the Housing and Economic Recovery Act of 2008, payment settlement entities will be required to withhold 28 percent of daily gross merchant payment card transactions if a merchant fails to validate their TIN with their reporting entity. At present, many merchant TIN numbers remain unvalidated with banks, and unreported to the IRS.
SecurityMetrics “TIN Matching Service” is now available to help payment processing entities recover and match merchant tax identification numbers (TIN) and legal business names to streamline the matching process for a subset of SunTrust Merchant Service merchant clients that have not yet validated with Internal Revenue Service (IRS) records. With this, SunTrust Merchant Services announced it has selected the SecurityMetrics “TIN Matching Service” to streamline the matching process for a majority of its merchants. SecurityMetrics allows merchants to validate their TIN and business data in minutes by going online to the SecurityMetrics website or by calling SecurityMetrics’ call center.
Mark Herrington has been appointed First Data executive vice president, Global Product Management and Innovation and is now a member of the company’s Executive Committee. Herrington has been leading Global Product Management and Innovation at First Data since early 2011 when the company consolidated its product groups into one globally aligned organization. He already served in numerous leadership roles as First Data, including general manager of the company’s former Retail Solutions division with responsibility for overall P&L performance within this line of business, which included prepaid, TeleCheck, eCommerce and merchant loyalty after having co-founded Money Network in 2001. Prior to Money Network, he was executive vice president of the Americas for i2 Technologies, a Dallas-based enterprise software provider.
First Data Corporation electronic commerce and payment processing has announced the leadership team for its North American business. Nine senior vice presidents with the following responsibilities include:
Vickie Brown – Walmart Partnership Management;
Jim Contardi – Product Solutions;
Kelley Everetts – Client Care and Implementation Support;
Kim Fitzsimmons – Merchant Services And Community Banks;
Mark Herrington – Global Product Management and Innovation;
Matt Kardell – National Clients and Alliances;
Pete Korpady – Global Network Management;
Barry McCarthy – Strategic Clients and Alliances;
Stan Wilson – Business Development.
In the Global Product Management and Innovation organization, the following executives would lead these specific product areas:
Kevin Barry – Network Solutions
Steve Boehm – Issuing Solutions
Bruce Dragt – POS Solutions (Acquiring, TeleCheck, Terminals, TASQ, Leasing)
Jeff Johnson – Prepaid Solutions
Dom Morea – Advanced Solutions and Innovation (Mobile Solutions, Innovation Management, Intellectual Property)
Silvio Tavares – Information and Analytics Services
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.