Eftpos chiefs go mobile
The chief executive and one of his key lieutenants at Eftpos Payments are moving on to other ventures. Bruce Mansfield announced his departure yesterday after seven years at the helm of Eftpos Payments Australia Limited.Mansfield will leave on 31 August. David Heine, the chief financial officer, left EPAL recently as well. Heine will start work as CEO for the Cardtronics ATM business in Melbourne from November.Mansfield listed philanthropy as one theme of future opportunities, and corporate board seats must beckon.EPAL took shape in 2010 as a new company, backed by banks and others, to reboot Eftpos as a "scheme", with clearer governance and support for reform minded investment.The media release from EPAL sums these up as "a significant transformation program incorporating chip, contactless, centralised processing and support for Eftpos across mobile and digital devices."While the Eftpos Hub is nailed down and working well (unlike, it seems, the separate New Payments Platform), Eftpos mobile payments are yet to see the light of day. A launch date next month is planned.EPAL board chair Vickki McFadden said Paul Jennings, the company's chief technology officer, would take over as acting CEO from 1 September.