We know card transactions are changing, as payments move to “mobile;” we hear of Internet of Things; and Smart Machines that “learn”… but what about the technology that keeps our transactions safe? How is that changing? Join us Friday April 15 at Packard Place as Todd Clark, General Manager of First Data’s STAR Network speaks to how STAR is investing to guard against fraudulent transactions in our rapidly changing transaction environment.
Group Head, STAR® Network
Todd Clark leads First Data’s STAR Network, the world’s largest independent debit network. His responsibilities include management of day-to-day operations, development of business and payment solutions and leadership of STAR’s continued growth and expansion.
Founded in 1984 and acquired by First Data in 2003, STAR plays a fundamental role in the fast growing debit card industry. Debit card networks generate $4.2 billion in revenue each year and are growing faster than credit card networks. Today, debit transactions represent 65 percent of all card transactions. The continuing advancement of mobile payments further expands the opportunities for STAR.
Prior to his current role, Clark was senior vice president of worldwide sales at Feedzai, which currently provides the STAR Network’s fraud scoring system. Under Clark’s guidance at Feedzai, STAR has implemented new network-wide fraud prevention and risk management solutions, including a risk score for all STAR Network transactions. Previously, Clark served in a senior executive role at Cardtronics, where he managed retail and financial institution clients.
Earlier, Clark spent seven years at First Data as a sales and relationship leader. Clark began his career as a co-founder of Core Data Resources, a data processing company specializing in card issuance and terminal processing for financial institutions and ISOs. While at Core Data, Clark grew the business from less than 100 ATMs in 1996 to over 35,000 in 2002, ranking as the second largest ATM processor in the U.S. at that time. He also served as vice president of Concord EFS, an organization that was acquired by First Data in 2004. Clark has served as a director of Amarillo, Texas-based Herring Bank since 1992.
Clark is a graduate of the University of Texas - Austin and is based at First Data’s global headquarters in Atlanta.