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Bank Veterans to Head Electronic Funds Transfer Association for Next Two Years

Wayne Malone, CEO of Citishare, will chair the Electronic Funds Transfer Association for the next tw ...

Citibank’s Wayne Malone Will Chair Electronic Payments Group

FAIRFAX, Va.--(BUSINESS WIRE)-- The Electronic Funds Transfer Association, a leading trade association for the electronic payments industry, has elected Citibank’s Wayne Malone as its chairman for the next two years.

Wayne Malone, CEO of Citishare, will chair the Electronic Funds Transfer Association for the next two years (Photo: Business Wire)

Malone is the CEO of Citishare, Citibank’s global payments network and head of global ATMs for the company.

Malone will lead a group of industry veterans who make up the 35-year old association, which works with regulators and legislators to develop sound public policy.

“These are demanding times for our industry,” said Malone. “For more than three decades EFTA has objectively advanced the business case for electronic payments. I look forward to continuing that tradition.”

Malone succeeds Jim Hanisch, executive vice president of California-based CO-OP Financial Services.

Elected as the group’s vice chairman was Pat O’Donnell, executive director of public sector solutions for JPMorgan Chase. O’Donnell’s team provides electronic benefits services and prepaid card programs to states governments throughout the United States.

Elected as treasurer was Keith Harrison of Austin-based Q2ebanking. Re-elected to another term as secretary was Lynne Barr of Goodwin Procter LLP.

“I look forward to working with our executive team as we deal with the growing list of legislative and regulatory challenges facing the electronic payments industry,” said EFTA President and CEO Kurt Helwig. “I have confidence that with their leadership EFTA will continue its traditional role of objectively informing the debate over evolving payments policy.”

About the Electronic Funds Transfer Association

The Electronic Funds Transfer Association is a trade association that promotes the use of electronic payments and commerce. It provides information to its members, the media, legislators, regulators, and the general public on the use and advantages of this technology. Its mission is to objectively advance electronic payments and ecommerce, inform the public and private sectors and keep EFTA stakeholders apprised of the business impacts of payments related legislative and regulatory initiatives.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50431678&lang=en

for Electronic Funds Transfer Association
Chaddsford Planning Associates
Bob Bucceri, 610-918-1161

Source: Electronic Funds Transfer Association