Visa-Total Venture Completes Management Team
Quittner, Jeremy, American Banker
Vital Processing Services Inc. has filled out its senior management team with two card industry veterans.
The fifty-fifty merchant processing venture of Visa U.S.A. and Total System Services Inc. named Gerard Ballard, 40, chief information officer and Eric Turille, 47, vice president of operations.
Vital opened in Tempe, Ariz., in 1996 to give banks an alternative to First Data Corp. and other nonbanks that specialize in card services for merchants. A similar venture, Global Payment Systems, was formed by MasterCard International and National Data Corp., with National Data the majority owner.
Industry experts said Vital's recruits, well regarded in card technology and processing circles, could help develop a sharper strategic focus.
"Vital has all the potential in the world," said Paul Martaus, president, Martaus and Associates, Clearwater, Fla. But it "has a lack of vision."
Mr. Turille, previously senior vice president of sales at National Processing Inc. of Louisville, "has a strong operational background and is highly regarded and well respected," Mr. Martaus added. "He'll bring a very strong hand to that organization."
Mr. Ballard, formerly of Equifax Card Services in St. Petersburg, Fla., and its FBS Software unit, will manage Vital's technology initiatives, including development of authorization, capture, clearing, and settlement systems.
"These are great hires," said Robert Hyer, director, Smith Barney Inc. "Both have a great deal of experience and will bring a lot to the management team."
Before joining Equifax, where he was vice president and technical services manager, Mr. Ballard was …
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Publication information: Article title: Visa-Total Venture Completes Management Team. Contributors: Quittner, Jeremy - Author. Magazine title: American Banker. Volume: 162. Issue: 154 Publication date: August 12, 1997. Page number: 17. © 2009 SourceMedia, Inc. COPYRIGHT 1997 Gale Group.
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