Intelligent Processing Solutions Limited (iPSL), a Unisys, UK-based subsidiary, has named HSBC CFO Phil Hickman as its chief executive officer.
Phil Hickman is due to take up his position on 1 September to drive new business forward and expand the company into new markets.
iPSL was set up on 3 December 2000 when the cheque processing operations of Unisys subsidiary UPSL were combined with those of Lloyds TSB and Barclays. The aim was to deliver economies of scale and share technology costs. Unisys currently holds a 51% investment stake and Barclays Bank and Lloyds TSB each hold 24.5% shares.
Brian Hadfield, UK managing director, Unisys, says: "Phil will be leading the development of technology such as image processing for cheques and Euro compatibility. He will work together with Lloyds TSB and Barclays to standardise systems and processes and drive forward future developments."
Hickman says: "We plan to deliver solutions to an increased range of volume processing markets, such as voucher processing and Internet banking support. These will be offered initially in the UK and then extended globally."