Payment technology platform, Global Processing Services (GPS) has named ex-Visa veteran Jim McCarthy as Executive Vice President – Global Head of Sales and Product alongside Kevin Fox who will become the company’s new Chief Revenue Officer.
In this newly created role, McCarthy will lead GPS’ global commercial and product teams in close collaboration with Fox on sales acceleration, the company said in a statement.
“I am excited that Jim and Kevin have chosen to join GPS as we enter our next phase of growth,” said Kevin Schultz, Chief Executive Officer, GPS.
“Jim has advised disruptive future-focused fintechs and banks for decades, driving front-line innovation across the global payments ecosystem. He is uniquely placed to partner with our ambitious customers in navigating the complex landscape and accelerating their revenue growth. I look forward to them both being a key part of our team.”
McCarthy joins GPS with over 30 years of experience, including 18 years at Visa where he held senior roles in sales, risk and authentication, consumer credit, digital products and product innovation.
As Visa’s EVP of Innovation and Strategic Partnerships, he was responsible for the development of Visa’s product and technology roadmap. He played a significant role in introducing 3D Secure and Visa Token Service, which have become industry standards, and also contributed to the launch of Apple Pay.
Most recently, McCarthy was President of i2c Inc, a US-based payments processor, alongside Fox who was Global Head of Sales and led the firm’s business development initiatives, cultivating strategic alliances worldwide.
“With cashless transactions forecast to top $3 trillion by 2030 and a global cashless society a real prospect, the opportunity for a next-gen payments specialist like GPS to become one of the world’s pre-eminent issuer processors is enormous,” said McCarthy, speaking on the announcement.
GPS’ new Chief Revenue Officer, Kevin Fox added, “GPS is quickly becoming a pivotal fintech shaping the European digital economy. We are expanding in Asia-Pacific too from our payments hubs in Singapore and Australia, with a diverse customer base across the region. GPS is ideally placed to accelerate the payments revolution in the US and Latin America too, and I look forward to working with the talented team here to explore how GPS can do that.
