First Data Electronic Commerce Payments Services, a division of First Data Corporation, today announced that Randy Kahn, 49, has been named president of Direct Banking, which develops and hosts fill transaction Internet sites for financial institution clients.
Kahn, who built First Interstate Bank into an over $90 million national player in electronic banking services from 1986 to 1996, is charged with making Direct Banking the leading Internet partner for financial institutions across the country.
Kahn was formerly chairman of rules and operations for the National Automated Clearinghouse Association (NACHA), as well as a member of NACHA’s board of directors and executive committee. He was a charter member of the Bankers EDI Council, and an early member of the CommerceNet steering committee. Kahn teaches the technology section of the annual Payments Institute and is a frequent speaker on the business application of technology. From 1986-1997, Kahn served as director of Electronic Banking Strategy for Home Savings of America, the country’s largest savings and loan.
“Randy’s broad knowledge base, with two decades of experience in the financial services industry, will be key to our goal of making First Data the leader in developing Internet-based solutions for our clients,” said Chuck White, president of First Data Electronic Commerce Payment Services.
Hackensack, NJ-based First Data Corporation is a global leader in payment systems, electronic commerce and information management products and services. First Data and its principal operating units process the information that allows millions of consumers to pay for goods and services by credit, debit or smart card at the point of sale or over the Internet; by check or wire money. For further information about First Data, please visit the Company on the Internet at [www.firstdatacorp.com].