News
Two financial-services veterans join First Data
December 10, 2009
First Data Corp. has added two executives to the company's Financial Services business segment.
According to a news release from First Data, Kevin Barry has joined the company as general manager of the STAR Network, and Peter J. Korpady has joined as senior vice president of national sales and relationship management.
Kevin Schultz, president of First Data Financial Services, says both executives will help First Data grow:
The STAR Network is an incredibly valuable asset for First Data. To have someone with Kevin's broad experience and background in a leadership position will help ensure that the STAR network continues to grow and deliver innovation for all of its members.
Both Barry and Korpady will report to Schultz.
Barry joins First Data with more than 20 years of experience in the financial-services industry, including time as vice president and director of retail products and research at Commerce Bancorp. In that role, he oversaw product management for retail deposit products, debit cards and marketing research. He previously served on Visa's Debit Product Executive Council, the PLUS Network Executive Council and the Visa DPS Product Advisory Group. Most recently, Barry was senior vice president and director of marketing at Republic First Bancorp. He also has worked at FirstTrust Savings Bank, Corestates Financial (Wachovia) and the Federal Reserve Bank.
Barry holds a bachelor's degree in marketing from the Wharton School at the University of Pennsylvania.
Korpady, with 25 years in the financial-services industry, will be responsible for relationship management and business development across the Financial Services customer base.
Schultz says Korpady's experience is invaluable to the company:
Pete brings a wealth of payments industry experience to First Data, including strategy, product management and market development. He will focus his efforts on ensuring that First Data meets and exceeds the needs of our financial institution customers through innovative product and service offerings that help our customers build revenue and manage risk.
Korpady most recently served as global head of isssuer processing for Visa Inc.,where he was responsible for product development, operations and sales activities for Visa's VPS joint venture. Prior to that, Korpady held various positions in sales, relationship management and business development at Visa and also at Global Payments and eFunds/Deluxe Data.
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