Unisys Corporation (NYSE: UIS) today announced the appointment of Jamie Martin to the board of Intelligent Processing Solutions Ltd (iPSL), the UK Business Process Outsourcing (BPO), cheque processing and fraud prevention joint venture among Unisys, Barclays, HSBC & Lloyds Banking Group.
iPSL is the market leader in processing domestic cheques across the UK, handling more than 500 million cheques worth more than £700 billion every year. In addition, iPSL provides associated services such as fraud detection, image-based returns and lock box to more than 80 percent of companies in the UK financial market and other complimentary services such as Research and Adjustments and Mandates.
Martin joins the company’s board after a successful career spanning a variety of management and board-level roles within retail banking, wealth management and payments. In his most recent role within Clydesdale and Yorkshire Banking Group, Martin was responsible for the management of all payments-related activities, as well as the cash and ATM businesses.
“Jamie brings us terrific board-level experience, gained from previous positions with Payments UK, The Clearing House Automated Payment System (CHAPS) and The Cheque and Credit Clearing Company (C&CCC), said Eric Crabtree, vice president and global head of Financial Services for Unisys. “I am very confident that the experience he brings will drive us forward in areas including traditional and emerging payments trends, as well as incorporating new approaches toward omnichannel banking.”
"On behalf of iPSL, I am delighted to welcome Jamie Martin to the Board. iPSL is currently undergoing a significant transition as cheque services move from the current paper-based model to image-based. Jamie's extensive experience in payments and banking will be invaluable to the company during this change and as the future of UK payments continues to evolve," said Royston Hoggarth, chairman and CEO, iPSL.