Wall Street's Mr. Fix-It Faces His Toughest Test

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  • Frank Bisignano has spent 30 years cleaning up banks' messes
  • KKR & Co. took the payment-technology firm private in 2007

Frank Bisignano, chief executive officer of First Data Corp., shakes a reporter's hand on the grounds during the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, on July 9, 2014.

Photographer: Scott Eells/Bloomberg

Las Vegas. Aria hotel. Electric violins. Strobe lights. Frank Bisignano takes the stage. A woman in silver leggings struts down the aisle. She’s delivering what the audience really came to see: a new system for accepting credit-card payments.

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