LogicaCMG announced today that Harry B. Blankenship has joined the company as director of payments, compliance, and risk in North America.
Mr. Blankenship will be responsible for the rollout of the LogicaCMG All Payments Solution (LAPS), which enables banks to make progressive transformation of their payments infrastructures while preserving their investments in legacy systems and processes.
LogicaCMG announced the worldwide launch of LAPS, a component-based system that combines consulting, implementation, and support, in May 2006. The solution enables banks to break down the barriers associated with operational "silos" and allows them to upgrade their most important payment-related functions and processes at a safe, controlled pace that supports the institution's business needs.
Mr. Blankenship brings more than 25 years of experience in payments strategy and operations to his new role with LogicaCMG. A frequent speaker at industry conferences and seminars, he has held senior positions with Unisys, IBM Global Services, KPMG Peat Marwick, and Electronic Data Systems. He has also served as vice president for payment systems and access strategies at Bank of America, and he co-chaired the business practices task force of the Council for Electronic Billing and Payment for the National Automated Clearing House Association (NACHA).
"Few people in the country can match the depth and breadth of experience in payments systems and processes that Harry brings to the LogicaCMG team," said Ms. Karen A. Roche, president of LogicaCMG's financial services business in North America.
"And very few companies can match LogicaCMG's accumulated institutional expertise in payments and electronic funds transfers. That expertise enabled us to develop LAPS, which addresses banks' critical needs for increased efficiency, cost savings, and security in their payments systems," she added.
"We have a 30-year history of developing and implementing payments systems for an international client base. Every day, more than five trillion dollars changes hands over LogicaCMG solutions. We have been there. We know the payments business. We are excited about bringing LAPS to North America, and we are pleased to have Harry Blankenship introducing it to our clients."
"It is a pleasure to be a part of the LogicaCMG organization. The company has been a leader and innovator in payments systems for as long as I can remember. They have done it again with LAPS, which will deliver tremendous value in three key areas: revenue growth, cost reduction, and risk control. Implementing LAPS will enable banks to establish a reliable, resilient payments infrastructure and virtually eliminate concerns about technological obsolescence," said Blankenship.