Sunday , July 12, 2020

USAT Names CEO and other Digital Transactions News briefs from 3/2/20

  • Donald W. Layden Jr. has been appointed chief executive of USA Technologies Inc., a specialist in unattended payments. Layden, who has been serving as interim CEO since October, will continue to serve on the company’s board but will step down as executive chairman. Among other moves at the board and executive level, Michael Wasserfuhr has been named chief financial officer. Wasserfuhr previously served as CFO for Ingenico North America, Worldpay US, and Vesta Corp.
  • In related news, USA Technologies’ slate of 10 director nominees includes three nominees also included on the rival slate of eight nominees from investment firm Hudson Executive Capital, the company’s largest shareholder. They are former Visa Inc. executive Ellen Richey, Lisa Baird, and Anne Smalling. Hudson Executive’s slate includes former Verifone Systems Inc. CEO Douglas G. Bergeron. The board election formally takes place at USAT’s April 30 annual shareholder meeting, though Hudson reported in January that its slate already had the support of investors representing nearly 61% of the company’s voting power.
  • Hedge fund Elliott Management Corp. apparently wants changes at Twitter, one of the companies run by Jack Dorsey, who also is chief executive at Square Inc., CNN reported. Elliott has nominated a slate of board candidates who potentially could seek Dorsey’s replacement at Twitter.
  • Podium Corp Inc., a messaging platform for local businesses, launched a text-based payment service.
  • The Retail Solutions Providers Association announced a new security training program for its members that covers subjects such as physical security and insider threats, data protection, and passwords.
  • Cambridge Global Payments, an international payments provider and a unit of FleetCor Technologies Inc., announced it is the exclusive sponsor of Exclusive Autosport, a Canadian-owned professional racing team.
  • James McCarthy, an 18-year veteran of Visa Inc., has been named president of payments provider i2c Inc., reporting to chief executive and founder Amir Wain. Most recently, McCarthy was a consultant to Silicon Valley fintech startups.
  • NCH Healthcare Systems said cybersecurity experts it hired have concluded their investigation into an email phishing attack that took place in June and allowed a hacker to access employees’ payroll records and email accounts. Medical records were not affected, NCH said. The company said it has added security safeguards to protect information.
  • Barbara Corcoran of Shark Tank fame lost nearly $389,000 in a phishing scam directed at one of her staff members under the guise of a real-estate renovation payment.

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