EVP Visa Jim McCarthy, reportedly, by & # 39; violate company policy & # 39;


Visa ended up firing Jim McCarthy, executive vice president in charge of innovation and strategic partnerships.

McCarthy was fired for conduct that "violated" the company's policy,
according to ReCode, which reviewed an internal note that Visa distributed on Friday

Bloomberg News

The article cites the memo, written by Visa president Ryan McInerney, who says: "Jim is a Visa veteran for 18 years and has contributed a lot to our company over the years, but in response to information that recently caught our attention, we determined that Jim had violated Visa's policy, we can not ignore behavior, at any level, that goes against our leadership principles and our culture. "

The memo did not include details about why McCarthy was fired. Visa did not respond to a press request on Saturday morning, although the company removed McCarthy's biography from the administration team's website. ( Update: Visa confirmed to PaymentsSource on Saturday that McCarthy left the company on Friday, but did not offer further comments.)

According to a cached version of that website, McCarthy joined Visa on 1999 and held management positions, including: Head of Sales of Financial Institutions of North America, Head of Global Consumer Products, Head of Emerging Products for Visa USA and, most recently, Global Product Manager. In his role as EVP, McCarthy was responsible for the development of Visa's product and technology roadmap and Visa's global innovation efforts, the biography said.

  Nick Holland

Nick Holland

Nick Holland is a senior badyst at PaymentsSource. He previously held badyst positions at Javelin Strategy & Research, Yankee Group and Aite Group.

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