Digital Transactions – 4/29/13: Leading payment processor First Data Corp. reached outside the company over the weekend to tap Frank Bisignano, a veteran operations executive with experience at some of the nation’s largest banks, as its new chief executive officer.
Bisignano, most recently co-chief operating officer at JPMorgan Chase & Co., replaces Jonathan J. Judge, who unexpectedly announced Jan. 11 that he would retire for health reasons. Ed Labry, head of North American operations and First Data’s big merchant-processing business, has been running the company since late January as interim chief executive and will stay on, according to First Data.
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Source: Paymentspulse

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