First Data Executive Joins iMALL Board, Affirming E-Commerce Deal
iMALL, Inc., Santa Monica, CA, has elected John F. Duncan to its board of directors. Duncan is executive vice president, Business Development of First Data Merchant Services Corp., a wholly owned subsidiary of First Data Corp. Duncan’s recent responsibilities at First Data Merchant Services have focused on Internet commerce opportunities.
In November 1998, iMall and First Data Merchant Services inked a ten-year agreement to jointly market Internet commerce services, including storefront design and building, site hosting, payment-enabling electronic commerce functionality and online merchant application processing. As part of the agreement, FDMS took an equity interest in iMALL and gained preferred-provider marketing rights relating to iMALL’s shopping portal Stuff.com (www.stuff.com).
The addition of Duncan brings the size of iMall’s board of directors to eight.
iMALL enables and supports small and medium-sized businesses in their effort to cost effectively engage in electronic commerce through the use of iMALL’s proprietary e-commerce tools and services. First Data Merchant Services Corp., a wholly owned subsidiary of First Data Corp., provides electronic commerce solutions.
