Iron Triangle’s Wimsett Succeeds Higgins at Retriever

Retriever Payment Systems Inc., a Houston-based independent sales organization, announced today its longtime president and chief executive, William H. Higgins, is stepping down and will be replaced by Thomas A. Wimsett, chief executive of Iron Triangle Payment Systems. Iron Triangle, Louisville, Ky., acquired Retriever earlier this year. Higgins will remain with the company as chairman of the board. Founded in 1986, Retriever processes $8 billion annually in card transactions for 95,000 merchants across the country. Both it and 2-year-old Iron Triangle are portfolio companies of private-equity firm GTCR Golder Rauner, Chicago, which also holds stakes in TNS Inc., TransFirst Holdings Inc., VeriFone Inc., and other transaction-processing companies. Wimsett is a former president and chief executive at payments-processor National Processing Co. L.L.C., Louisville, which was acquired last year by Bank of America Corp. He left in 2002 and started Iron Triangle the following year.