News from the Wire

Alliance Companies appoints Purzycki as new President

Thursday, January 17, 2013 — 12:23:49 (EST)

Boston, Jan. 17, 2013 - Alliance Companies, a leading payments card partnership development and advisory services firm, has recently hired Joe Purzycki as President. Mr. Purzycki has over 20 years of executive level experience leading business development and operational teams within the nation's top banks and credit cards issuers.

"I look forward to partnering with The Alliance team as we continue on our mission to be a strategic player in the payments industry," said Purzycki. "I have worked extensively with CEO Brian Cadieux and COO Jerry Coyne and their team, during my tenures at Barclays, Chase and MBNA. They are a class operation that always delivers results to both their clients and banking partners. Their strong client focus and company values will clearly distinguish us as we continue to increase products, capabilities and services in the credit union and banking markets."

"Alliance provides leading advisory, consulting and brokerage services to payment card issuers, and specializes in helping them to maximize the value that they have in their payment card businesses," said Brian Cadieux, Chief Executive Officer. "Joe's extensive industry experience and contacts as well as his operational and business development expertise make him an outstanding addition to our senior management team. He is a highly respected individual in the payments industry, well known for his engaging personality and valued as a trusted partner. We are very fortunate to have him on board."

Prior to joining Alliance, Joe was the Vice Chairman and Chief Operating Officer of Barclaycard US, a division of Barclaycard International. As Vice Chairman and member of the bank's Board of Directors, Joe was directly involved in the management and strategic direction of the company. During his tenure at Barclays, the bank grew to become the ninth largest issuers of credit cards in the US.

Prior to joining Barclays Bank, Mr. Purzycki was Executive Vice President of Chase Card Services from 2001 to 2006 and was a member of the Card Services Senior Management Team. Mr. Purzycki managed the Business Development Segment, which was responsible for signing and renewing co-branded and affinity partners. In 2002 Bank One/Chase re-emerged as a leader in the co-branded industry with the signing of companies like Disney, Amazon.com, Starbucks, Sony and Circuit City.

Mr. Purzycki began his credit card career at MBNA America Bank in 1990 where he was an Executive Vice President. Mr. Purzycki managed the credit card businesses for MBNA's transportation business (NASCAR) sports business (National Football League, Major League Baseball, National Hockey League) and college and university business.

About the Alliance Companies Alliance Companies is a recognized leader in partnership development and advisory services to the payments industry. Alliance maintains core competencies in portfolio valuations and analysis, co-branded and private label credit cards, and debit cards, as well as credit union and agent bank card programs. Alliance is committed to helping organizations grow through a greater understanding of the opportunities presented by the payments industry. With two decades of experience, the Alliance team has a proven track record in delivering innovative solutions and results for its clients. Learn more at www.TheAllianceCompany.com/ .

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Source: Company press release.