Veteran payments executive Len Heckworth is leaving JP Morgan Chase & Co. to head Bank of America’s new payments and receipts product management group, part of BofA’s global treasury services unit. He’s responsible for all U.S. payments and receipts product management and development, and reports to Skip Heaps, global product management executive for global treasury services.
At Morgan/Chase, Heckworth was most recently head of consumer payments solutions, part of its large treasury services division. In his 23 years at the bank, Heckwolf managed many product and operations lines, including controlled disbursement, funds transfer, ACH, online bill payment, distributed capture, electronic data interchange (EDI), and retail lockbox.
Heckworth was chairman of NACHA from 2002 to 2004, and earlier chaired its next generation ACH task force. In 1998 he co-chaired a Federal Reserve task force that worked to improve ACH network’s risk profile, and also served on the Payments Advisory Council of the Association for Financial Professionals. (Contact: Bank of America, 314-466-9559)