John G. Bascom, president and chief executive officer of Magic Line, Inc., the Midwest’s largest electronic funds transfer (EFT) network, names Dearborn, MI-resident William McGonigal to the new position of chief technology officer. As a member of the executive management team, he will be responsible for all computer systems and related operational delivery, including the ML Link platform owned and operated by Magic Line.
Magic Line has recently developed advanced new technology based on ACI BASE24 software, Tandem Himalaya K2000 hardware and Tandem CS150 client-server technology. Dave Lind, who led the new technology development, will be entering his long-planned retirement from Magic line on July 1, 1998. McGonigal will be assuming the technical and operations responsibilities previously handled by Lind.
Prior to joining Magic Line, McGonigal was director of information systems and electronic banking at Banc One Service Corporation, where he managed the Tandem BASE24 Platform, as well as retail software applications design, development, integration and support for ATM, POS, credit card processing and online support monitoring. Before Banc One, he was head of customer systems at Barnett Technologies, responsible for retail and commercial distributed processing, including all ATM-related activities. Prior to that, McGonigal was with Tandem Corporation.
“We are fortunate to have an executive of Bill’s caliber joining Magic Line. The depth of his more than 20 years of management experience includes 13 years of EFT systems and technology management and service on the board of directors of ACI/BASE24 Users group since 1991. He is a tremendous enhancement to our management team,” said Bascom. McGonigal graduated from Eastern Michigan University with a Bachelor’s degree in physics and math. He is a member of the U.S. Coast Guard Auxiliary, where he served as division chief on the national staff of the public affairs department as well as coordinated disaster recovery procedures for seven Midwestern states.
As one of the top regional EFT networks linked throughout the United States and globally, Magic Line supports 14.9 million cardholders with access to over 165,000 ATM, POS and remote banking terminals. The company offers: full-service ATM placement and management; ATM terminal driving with customized options; cardbase management and authorization services; online POS debit services with ML Pay, Maestro and Interlink; offline POS debit services with MasterMoney and Visa Check Card; remote banking/bill payment services; the Magic Line Mobile ATM; Internet Web Site development; marketing services; and the Magic Line PrePaid Calling card. Magic Line’s Internet Web Site address is .Details