Visa Inc. has named Jim McCarthy the new global head of product – the top executive position in charge of developing mobile, NFC and contactless payment, among other duties, according to mobile-financial.com.
McCarthy, whom Visa promoted from head of North American bank sales, replaced Elizabeth Buse on April 1.
Buse will go on to become a group executive overseeing Asia-Pacific and Central Europe, the Middle East and Africa.
McCarthy’s innovation unit will be charged with getting more substantial results from its years of investment in mobile and contactless payment, as well as reviving Visa’s withering U.S. credit card programs.
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