Electronic Funds Transfer Association Announces New Slate of Officers

FAIRFAX, Va.--(BUSINESS WIRE)--The Board of Directors of the Electronic Funds Transfer Association, a leading trade organization in the electronic payments industry, today announced its new executive officers for 2007.

“We welcome Ron and Ray to the Executive Committee of the Board”

Ronald V. Congemi, senior vice president of strategic industry relationships for First Data Corp., has been elected by the Board as its new chairman. Congemi is a long-time EFTA member, having served on the EFTA Board for many years.

He is a member of the Federal Reserve Bank of Philadelphia’s Payment Advisory Council and has served as chairman of STAR Systems, Inc. and Primary Payment Systems.

Elected to serve as vice chairman was Raymond T. Crosier, president and chief operating officer of Online Resources Corp. Sandra Hartfield, president and CEO of Palm Desert National Bank and Lynne Barr, a partner in the law firm of Goodwin Procter, LLP were re-elected treasurer and secretary of the Board, respectively.

Upon his election, Congemi said, “EFTA’s former Chairman, Frank D’Angelo, and the EFTA staff have done a great job focusing on very critical and immediate issues in the industry. Our objective is to continue this important work.”

“We welcome Ron and Ray to the Executive Committee of the Board,” said H. Kurt Helwig, president and CEO of EFTA, in making the announcement. “Their experience in various business segments reflects the diversity of EFTA member companies and the breadth of member experience.”

About the Electronic Funds Transfer Association

The Electronic Funds Transfer Association (www.efta.org) is a 29-year-old professional association of organizations dedicated to the advancement of electronic payment systems and commerce.

EFTA members are drawn from all segments of the financial industry and include bankcard associations, information processors, financial institutions, ATM networks and owners, equipment manufacturers and technology companies.

The Association sponsors a number of industry councils that focus on issues such as electronic payment innovations, including prepaid debit cards; online banking, bill payment and presentment; electronic benefits transfer, or EBT; and the legislative and regulatory initiatives in the electronic payments industry.