Bev Wells named President, CEO of Vital Processing Services

Vital Processing Services, a joint venture of TSYS and Visa USA, announced today that formed Wachovia card executive Beverly Wells has been named president and CEO replacing Jonathan Palmer.

Wells, who has extensive financial and payments-related experience, retired from Wachovia Corporation in 2002 after 26 years of service. Most recently, she served as executive vice president for Wachovia's Retail Division including bankcard services and the acquiring business from the outsourced processing relationship as well as the acquirer back-office support function. In addition, Wells led Wachovia's $7.8 billion dollar credit card operation.