September 29, 2011

JPMorgan Chase announced today it has hired Susan Ehrlich as senior vice president of next generation payments.

The bank said Ehrlich's roll will be to guide the creation of payments services and solutions for consumers, small businesses and retail merchants.

"Susan's breadth of experience, decisiveness and intense focus on customers will help us build leadership positions in mobile and emerging digital payments" said Jack Stephenson, head of mobile banking, e-commerce and payments for Chase in a statement. Ehrlich will report to Stephenson.

In her previous position as President of Sears Financial Services, Ehrlich managed the growth of credit and payment vehicles, including the Sears Card and Sears Platinum MasterCard, Sears and Kmart Gift Cards, Layaway as well as all third-party payment acceptance, the bank said.

Previously, Ehrlich was executive vice president of marketing strategy and planning at Providian Financial in San Francisco. Prior to that, she spent 10 years with Citibank in New York.

Bryan Yurcan is associate editor for Bank Systems and Technology. He has worked in various editorial capacities for newspapers and magazines for the past 8 years. After beginning his career as ...