Transaction Systems Architects names Philip Heasley president and CEO

"We are very pleased to announce Philip Heasley as our President and CEO," said Harlan Seymour, Chairman of the Board. "He is a proven leader of quality driven businesses with successful growth in the payments and financial services industry. With his experience and our talented management team, we look for TSA to extend its leadership position in the e-payments market."

"I am excited to become part of the TSA team," said Mr. Heasley. "I have great respect for the company's leadership position and I look forward to working closely with our employees and customers. I am thrilled to be part of a promising future with TSA."

Previously, Mr. Heasley was Chairman and Chief Executive Officer of Bank One's First USA credit card unit, the third largest credit card company in the United States. Prior to joining First USA, Mr. Heasley spent 13 years in executive positions at U.S. Bancorp, one of the largest banks in the United States, including six years as Vice Chairman and the last two years as President and Chief Operating Officer. Before joining U.S. Bancorp, Mr. Heasley spent 13 years at Citicorp, including three years as President and Chief Operating Officer of Diners Club, Inc.

Mr. Heasley served as Chairman of the Board of Visa USA from 1996 until November 2003 and was a member of the Board of Visa International during the same period. Mr. Heasley also serves or has served as a director of Fidelity National Financial, Inc., Ohio Casualty Corporation, Fair Isaac Corporation, Kintera Inc., The Schwan Food Company, Inc., and Public Radio International. Mr. Heasley holds a B.A. from Marist College and an M.B.A. from Bernard Baruch Graduate School of Business.

Mr. Seymour concluded, "With an industry leadership position, strong balance sheet, and experienced management team now led by Philip Heasley, TSA is poised for long term value creation."