Sears Taps Execs for Discover Unit
Weinstein, Michael, American Banker
NEW YORK -- The Dean Witter Financial Services Group of Sears, Roebuck and Co. has appointed three officers to the operations unit of its Discover card program.
Sears continues to tap in-house talent to handle Disvoer, the company's new credit and financial services card to be tested in Atlanta this fall.
John P. Cummins has been appointed vice president for transaction services. Mr. Cummins, 49, will be responsible for all transaction processing, telephone bill payment, and automated teller machine activities.
Mr. Cummins joined Sears in 1957 as a retail credit manager and worked his way up through the credit and data processing departments. Most recently, he was manager of the data processing department in the Sears Merchandise Group.
Bill J. Martin, 51, has been named vice president of card services. He will be in charge of the Discover card's two operations centers in Columbus, Ohio, and Newark, Del.
Mr. Martin, who has worked for Sears for 25 years, has held a variety of credit-related jobs for the company. His most recent post was national credit processing manager for Sears' proprietary credit card operation.
Larry H. Myatt, 41, has been named vice president of marketing and sales. Mr. Myatt will manage the marketing operation for Sears Payment Systems, a new subsidiary that provides a range of card services to other companies, including private label credit cards and transaction processing. …