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Thursday, 24 September 2009 00:00 |
Ex-Visa men appointed at First Data
US ecommerce and payment processing services provider First Data has appointed Kevin Schultz, 51, as president of its Financial Services business segment and John Elkins, 57, as chief marketing officer, effective immediately.
Schultz served as global head of Visa Processing Services for Visa Inc. prior to joining First Data. Elkins served as a senior advisor to McKinsey & Company. He also previously served as executive vice president and chief marketing officer for Visa International from April 2003 until November 2007.
In addition, Henry Kravis and Joe Forehand were appointed as new members to First Data's board of directors.
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Opinions are mixed as to the potential of NFC for payments beyond fast food and transit. Neal Michie of NFC specialist Helixion argues that, although the technology is not quite there yet, real world deployments are getting very close.
