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Gold/Mining/Energy : CSI Credit Systems CSU.VSE

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To: keith schaefer who wrote (48)4/14/1999 7:25:00 PM
From: Stephen O  Read Replies (2) of 90
4/14/99 17:27

VANCOUVER, British Columbia--(BUSINESS WIRE)--April 14, 1999--
CSI Credit Systems International Inc. (CSI) (VSE:CSU) President James
Christensen announced that Roger L. Peirce has been appointed to
the company's board of directors.
Peirce is a former business unit president of First Data
Corp. (FDC), where he was responsible for growing FDC's merchant
services organization (now processing more than half of all US Credit
card transactions). Prior to his experience at FDC he was the Chief
Operating Officer at VISA.
During his 13-year tenure at VISA Peirce played a significant
role in building VISA to a major global player in consumer payments.
He was responsible for systems, risk control, sales and marketing, and
advertising. He also had a seat on all five VISA Regional Boards.
While he was overseeing FDC's merchant processing business, sales
grew from $100 million to $1 billion, becoming FDC's largest business
unit representing 25% of the company. He also developed the U$A Value
Exchange, a targeted marketing system using customers' credit card
purchase history.
"Roger Peirce's experience and contacts will be a significant
asset for CSI as we expand into the U.S. market," said James
Christensen, President and CEO of CSI. "His background in electronic
commerce and payment systems and his sales and marketing knowledge
make him a strong strategic addition to our board of directors."
Peirce lives in San Francisco and is currently on the board of a
number of high-growth, high-technology firms.
CSI Credit Systems International is a transaction information
company specializing in business-to-customer transactions. CSI offers
retail businesses the opportunity to market products and services on a
customer specific basis through a comprehensive and fully integrated
network of customer information gathering software and hardware.

CONTACT: CSI Credit Systems International Inc., Vancouver
J. Caren Holtby, 604/415-1517
Web site:

IMO This is a major plus for CSI, which after all is a small Canadian company. There is now someone with many powerful contacts in the Credit/Debit business in the USA associated with CSI and able to lend them immense credibility.

Stephen O
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