Bank technology

Green Dot Hires Visa Exec to Be Chief Information Officer

By Sean Sposito December 05, 2011, 9:49 a.m. EST 1 Min Read

The prepaid card marketer Green Dot Corp. announced Monday that it has hired a Visa Inc. veteran, John MacIlwaine, to be its new chief information officer.

MacIlwaine, whose first day is Dec. 5, will handle "the design and implementation of the company's overall technology strategy," according to a press release by Green Dot, which is based in Monrovia, Calif.

MacIlwaine was most recently Visa's head of global development. Before that, he was a chief technology officer for several different companies, including SunGard Investment Systems and for Morgan Stanley's private client group.

"John brings to Green Dot a profound expertise in technology innovation within dynamic high-growth environments," Will Sowell, Green Dot's chief operating officer, said in a press release. "John's particular expertise in developing secure enterprise-level mobile and Web-based payment platforms and transaction processing systems will ensure Green Dot's voracious appetite for new technology is well-satisfied into the future."

Green Dot last month received the Federal Reserve Board's approval to buy Bonneville Bancorp of Provo, Utah. It was the first time a prepaid card marketer has received approval to buy a bank.

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