Summary
Shazam, the Johnston, Iowa-based electronic funds transfer network, will circle back to its 1976 origins, when it competes the first phase of its software rewrite project this summer. A quarter of a century ago, Dale Dooley, Mike Hollinger, and others worked together to create the software for the fledgling Iowa Transfer System. Owned by financial institutions, the Iowa Transfer System morphed into ITS Inc, and today, Shazam. Like most of the software driving EFT networks all over the country, the software behind Shazam is still in its first generation. When Dooley began to think about retirement, he thought of Hollinger - someone with banking experience who understood Shazam from its inception. Hollinger joined Shazam last spring, working in Dooley's shadow for a year before taking over as president and CEO on March 1, 2004.
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Extract
New Leadership at Shazam
Time stands still for no banker, but perhaps it repeats itself. Shazam, the Johnston, Iowa-based electronic funds transfer network, will circle back to its 1976 origins when it completes the first phase of its software rewrite project this summer. A quarter of a century ago, Dale Dooley, Mike Hollinger and others worked together to create the software for the fledgling Iowa Transfer System. Dooley worked at Dial Financial and Hollinger worked for Brenton Banks as one of several community bankers inter...
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