The award is presented annually to an individual who has shown outstanding leadership and service to the advancement of the electronic funds transfer industry and its issues. McDonnell received the award at the meeting of the EFTA Executive Committee in Las Vegas. The award is presented in memory of Robert Mooney, former president of J.C. Penney Business Services and EFTA chairman in 1981. In honoring McDonnell, EFTA cited the rapid growth of TNS following its founding in 1990, to become a leading supplier of data communications services to credit card processors and financial institutions around the world. EFTA also cited McDonnell’s leadership of the company as it expanded the options for payment solutions for merchants after TNS acquired some of the assets of U.S. Wireless Data. McDonnell is also a founder of EFTA, having served as a director for the National Commission on EFT. He also serves as an EFTA director and is a past chairman of the organization. EFTA was founded in 1977 as an inter-industry trade association with the primary goal of advancing the development and acceptance of electronic payments and commerce. TNS operates four business divisions: the Point-of-Service (POS) Division, Financial Service Division (FSD), Telecommunications Services Division (TSD), and International Services Division (ISD).
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