(OMAHA, Neb.âMarch 8, 2005)âTransaction Systems Architects, Inc. (Nasdaq: TSAI), a leading global provider of enterprise e-payments software, announced today that Philip G. Heasley, a 31-year veteran of payment systems and financial services, has been named President and Chief Executive Officer.
"We are very pleased to announce Philip Heasley as our President and CEO," said Harlan F. Seymour, Chairman of the Board. "He is a proven leader of quality driven businesses with successful growth in the payments and financial services industry. With his experience and our talented management team, we look for TSA to extend its leadership position in the e-payments market."
"I am excited to become part of the TSA team," said Mr. Heasley. "I have great respect for the companyâs leadership position and I look forward to working closely with our employees and customers. I am thrilled to be part of a promising future with TSA."
Previously, Mr. Heasley was Chairman and Chief Executive Officer of Bank Oneâs First USA credit card unit, the third largest credit card company in the United States. Prior to joining First USA, Mr. Heasley spent 13 years in executive positions at U.S. Bancorp, one of the largest banks in the United States, including six years as Vice Chairman and the last two years as President and Chief Operating Officer. Before joining U.S. Bancorp, Mr. Heasley spent 13 years at Citicorp, including three years as President and Chief Operating Officer of Diners Club, Inc.
Mr. Heasley served as Chairman of the Board of Visa USA from 1996 until November 2003 and was a member of the Board of Visa International during the same period. Mr. Heasley also serves or has served as a director of Fidelity National Financial, Inc., Ohio Casualty Corporation, Fair Isaac Corporation, Kintera Inc., The Schwan Food Company, Inc., and Public Radio International. Mr. Heasley holds a B.A. from Marist College and an M.B.A. from Bernard Baruch Graduate School of Business.
Mr. Seymour concluded, "With an industry leadership position, strong balance sheet, and experienced management team now led by Philip Heasley, TSA is poised for long term value creation."