Vital Processing Services, the merchant processing venture of Visa U.S.A. and Total System Services Inc., has appointed Michael M. Peters executive vice president and chief financial officer.

Mr. Peters will report to Fred Gumbel, Vital's chairman and chief executive officer. Mr. Gumbel said Mr. Peters brings "unparalleled creativity and strategic thinking" and a "proven track record in financial management and business development."

Mr. Peters spent 29 years with the now defunct First Interstate Bancorp, most recently as executive vice president of the lending services group of First Interstate Management Services Co. in Portland, Ore.

His responsibilities included a $12 billion consumer loan portfolio, commercial lending, international operations, and merchant bank card services.

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