FSS gets new chief, funding

SSN Staff  - 
Sunday, February 1, 2004

DALLAS - Security industry lender Financial Security Services said in late 2003 that it had partnered with a major bank for new lending opportunities for the security industry and appointed a new president and chief executive officer.

Through its new, long-term banking relationship with Bank One, FSS will be able to continue to provide “line of credit and term loan financing to independent alarm dealers,” said Jeffrey Peiper, FSS’s new president and chief executive officer. Peiper said FSS is in a position to be able to market and expand its loan programs and billing and monitoring services in a difficult climate for attracting and retaining capital providers.

A former senior financial services industry executive, Peiper became a consultant to FSS in 2002 and was named president and CEO in 2003.