CompuCredit Corporation announced that it has named Mark Lawrence to the newly created position of Chief Privacy Officer. This position will be responsible for overseeing corporate-wide compliance with policies and procedures governing the security, confidentiality and quality of consumer information, as well as reviewing and updating operations and business practices to champion the cause of consumer privacy within the company. In addition, Mr. Lawrence will ensure that CompuCredit’s privacy policies and practices continue to be fully compliant with all federal and state regulations pertaining to the protection of our consumers’ personal information. Mr. Lawrence joined CompuCredit as Director of Information Technology, in March 1999, bringing over 15 years of experience in information technology in both the private and public sectors. Immediately prior to joining CompuCredit, he was Director of I.T. Operations for The Grizzard Agency, an Atlanta-based direct marketing firm. From 1995 to 1997, he was a Principal Consultant at XLConnect, an information technology services company. This position marked his return to the private sector after serving in various technical and management positions with the Federal Aviation Administration and U.S. Air Force beginning in 1985. From 1981 to 1985, he worked for General Electric Medical Systems as a Service Engineer. Mr. Lawrence received his Bachelor of Science in Agricultural Engineering from the University of Georgia where he also served as a Staff Instructor during post-graduate studies.
! Lawrence said that much of his existing responsibilities relate to implementing safeguards on the company’s information, including protecting highly sensitive data on CompuCredit’s consumers. “As a natural extension of that I will formalize measures to ensure that our privacy policies continue to meet or exceed the requirements of the evolving new privacy regulations under consideration across the country and in Congress.” Lawrence will report directly to Rick Gilbert, CompuCredit’s Chief Operating Officer. Gilbert said, “Since the company was founded, we have always maintained a high degree of integrity in regards to consumer information. The appointment of a Chief Privacy Officer and the selection of Mr. Lawrence for this role simply reinforce our ongoing commitment to be a leader in this arena.
CompuCredit is a technology company, so it is most appropriate that our data is watched over by our technology experts.” CompuCredit also recently announced that it had retained the expertise of Dr. Alan Westin and his firm, Privacy Consulting Group, to provide ongoing counsel on consumer privacy issues. And, as a matter of policy CompuCredit annually provides its customers certain options regarding how information can or cannot be used.
CompuCredit Corporation is a credit card company that uses analytical techniques, including sophisticated computer models, to identify consumers who it believes are credit-worthy and are overlooked by more traditional consumer credit providers. CompuCredit markets unsecured Aspire(R) Visa(R) credit cards through direct mail, telemarketing and the Internet. In July 1999, CompuCredit launched its consumer web site, [www.aspirecard.com], through its Internet marketing services subsidiary AspireCard.com, Inc. Consumers can apply online and receive a credit decision within seconds. CompuCredit also markets credit life insurance, card registration, buying club memberships and travel services to its cardholders. Aspire Visa cards are issued by Columbus Bank and Trust Company under an agreement with CompuCredit. CompuCredit completed its initial public offering in April of 1999 and was included in the Russell 2000(R) Index in July 1999 and the NASDAQ FIN-100 Index in May 2000.