Syncada in Memphis

U.S. Bank and Visa Inc. announced creation of a new online platform to enable companies to process invoices, pay and be paid and finance receivables through a single unified system. The new company, Syncada, will be based in Minneapolis, but Memphis will be home to a key operations center.

InfoWorks names President

Jim Clayton, the IBM veteran who established InfoWorks Inc. eleven years ago, told his employees today he's chosen former U.S. Bank Regional Chairman and NMG Advisers Principal Tony Heard to become president of the company. Although I, too, am associated part-time with NMG Advisers, I didn't know of Tony's move til today. Here's the breaking news on Tony.