Tuesday, July 15, 2008

Futura® Card Services has a New CEO

BusinessWire reports today that Kevin Lake, has replaced Vicente Mota as CEO and president of Futura® Card Services reporting to the board of directors of Stored Value Cards.

Lake mentions:

“I share the board’s excitement about the stored value card marketplace and the opportunity to establish the suite of Futura Prepaid MasterCard® debit card products as industry leaders. I look forward to working with our ISO channel partners, distributors and retailers to expand our market presence, as well as introducing innovative branded and private label programs for the enterprise, including new reloadable general spend debit cards, gift cards and wage disbursement cards.”

With extensive experience in retail, industrial and financial services sectors, will Lake be able to continue Futura® Card Services’s growth in the prepaid market?

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