FOR IMMEDIATE RELEASE
Payment Systems Industry Leader, Del R. Tonguette, Joins ICBA Bancard, Inc.
January 12, 2004
ARLINGTON, VA. - Del R. Tonguette has joined ICBA Bancard and will provide payments systems expertise to guide ICBA Bancard's partner relationships while managing programs that will help the nation's community banks grow their debit card programs. As a member of the business development team, Del will report to David L. Petro, Executive Vice President.
"We are excited to have Del on board to lead ICBA Bancard's debit card programs," says ICBA Bancard President and CEO, Linda Echard. Echard adds how fortunate community bankers are to have Tonguette in their corner. "He has a proven track record of success in entrepreneurial retail banking, bank payment cards, ATMs, POS and related EFT endeavors. Del will play a key role in leveling the playing field so that community banks can effectively compete in the electronic payments industry."
Throughout his 35-year career, Del has demonstrated a unique ability to innovate, implement and manage cutting-edge programs well ahead of the marketplace. Between 1969 and 1977, Tonguette was instrumental in pioneering credit card, debit card, point of sale and electronic banking networks and programs. He successfully established one of the nation's first in-store bank branches. He was also involved with one of the first debit POS programs and implemented the nation's first cash management account program.
In 1986, Tonguette created and served as President and CEO of the EFT Corporation, GulfNet. An Arthur Anderson study in 1995 identified GulfNet's operating statistics and analytical ratios as tops in the nationwide EFT industry. When the company was acquired by the Pulse EFT Association in early 1997 its estimated worth was $14 to $16 million. Tonguette attended the University of Virginia's Graduate School of Banking and has also served as an instructor at the Ohio School of Banking, Ohio University and the American Institute of Banking. He is a current member of the Dean's Advisory Council, School of Business, Bowling Green State University.
About ICBA Bancard & TCM Bank, N.A.