Synovus Financial Corporation Receives NACHA’S 2008 George Mitchell Payments System Excellence Award

Posted May, 20 2008

LAS VEGAS—May 20, 2008— NACHA—The Electronic Payments Association announced today that Synovus Financial Corporation has been awarded its 2008 George Mitchell Payments Systems Excellence Award. Garry Hedges, director of planning and payments strategy, will accept the award on behalf of Synovus Financial Corporation at NACHA's PAYMENTS 2008 conference in Las Vegas.
Synovus, operating 37 separate banks across the Southeast, is a leading technology innovator in check imaging, mobile payments and alternative payments.

"Synovus is an organization that has turned the challenge of a decentralized structure into a successful business model and used technology as their core tenet for growth," said Elliott C. McEntee, chief executive officer of NACHA. "Synovus brings creative energy and vision to the industry process of building the products that will continue to drive popularity and growth of electronic payments."

"Synovus is honored to be the recipient of the 2008 George Mitchell Payments Systems Excellence Award," said Hedges. "We believe that industry collaboration and innovation will provide opportunity for all and allow the payments business to continue to flourish in the financial sector."

Synovus once again made NACHA's Top 50 lists of the largest originating and receiving financial institutions of automated clearinghouse (ACH) payments for 2007.

The George Mitchell Payments Systems Award, named after the late George Mitchell, former vice chairperson of the Board of Governors of the Federal Reserve System and early payments proponent, is presented annually to an individual or organization that has shown superior leadership in the development, implementation, or advancement of electronic payments. Past recipients include Paul W. Finch, Sr., Roger W. Ferguson, Jr., and Citi, along with other prestigious leaders and innovators in the payments industry. 

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