Prologic appoints Visa executive to board

VANCOUVER, British Columbia - Prologic Corporation, a provider of financial services software here, has appointed Paul Vessey, executive vice president, emerging technology, and COO for Visa USA, to its board. In a Credit Union Times' interview earlier this year, Prologic CEO Mike Cardiff said his company was poised to making a bigger push with U.S.-based financials. Getting big time banking executives on their boards, has become a trend for financial software providers. Corillian Corp., Corvallis, Ore., recently named former Bank One CEO John McCoy to its board. "With the multitude of players competing in the financial services software field, only Prologic seems to be developing solutions designed to defend the large banks from the `super portals' and other non-bank competitors that are vying to steal their customers," said Vessey. Prologic has a strong presence in Canada.

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