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Director, Network Innovation, Payment Processing - job 9 of 20

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Visa is seeking a seasoned Director to join the Network Innovation, Payment Processing in Visa Acceptance Solution team. This dynamic role is pivotal in driving the development and deployment of innovative payment solutions and ensuring compliance with payment network processing rules and specification. The successful candidate will collaborate with various Visa Acceptance Solutions teams such as various application owners, product management, solution engineering, regional sales and client services, to develop, integrate, and manage payment acceptance solutions, staying ahead of evolving trends in the payments space. She/He will also act as a risk champion for the Payment Processing team to ensure the emerging and existing operational risk controls are properly documented, monitored and mitigated. This role sits within the Network Innovation of Payment Processing team in Visa Acceptance Strategy.

Key Responsibilities

Strategic Planning: Develop and execute strategic plans for Visa Acceptance Solutions Payment Processing, aligning with the overarching goals of the Network Innovation and Processing Compliance.
Expertise: In-depth knowledge of payment processing of Network/ Acquirer/ processors / Third Party Payment Enabling Agents models to guide product development. Capable of digesting and interpreting network and processor connection technical documentation to drive consistent front end processing design and data persistency across multiple internal applications in transaction processing. Basic understanding and working knowledge of API development and publication.
Program and Project Management: Create and manage detailed roadmaps and program management plans for the rollout and enhancement of payment network processing initiatives.
Industry and Compliance: Stay abreast of industry changes, trends, payment network rules and compliance requirements, particularly related to transaction processing release cycles, fraud prevention, and cybersecurity trends. Analyze financial and brand impacts related to new mandates and ensure compliance requirements are integrated in product lifecycle management.
Collaboration: Work closely with cross-functional teams including Strategy, Sales, Product Development and Solutioning, to assess current Payment Processing capability gaps with the lasts network requirements and enablement capabilities. Establish close partnership with other Visa Acceptance Solution teams to oversee end to end user experience to drive holistic and efficient service design and build. Guide product development planning with compliance excellence as the core principle.
Innovation and Development: Drive the enablement capability of Network Services via Payment Processing in Visa’s Acceptance Solutions, continuously unlocking and releasing features and capabilities to meet evolving market needs.
Risk and Compliance Championship: Work closely with Business Risk Partner and service as a key point of contact on Acceptance Solution Payment Processing. Lead the overall network compliance management and product risk assessment. Provide guidance, support, and fostering collaboration amongst sales, product and engineer teams to achieve Visa Acceptance Solutions compliance objectives.
Metrics and Reporting: Lead ongoing risk self-assessment for Payment Processing. Define and monitor Key Risk Indicators for the team, ensuring clear visibility of performance and compliance to leadership and stakeholders.
Stakeholder Communication: Act as the central point of contact for internal and external stakeholders, communicating product impacts, compliance requirements, and program developments effectively.

This is a hybrid position. Expectation of days in office will be confirmed by your hiring manager.

Average salary estimate

$175000 / YEARLY (est.)

min

max

$150000K

$200000K

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What You Should Know About Director, Network Innovation, Payment Processing, Visa

Visa, a leader in innovative payment technologies, is on the lookout for a strategic and experienced Director of Network Innovation in Payment Processing to join our dynamic Acceptance Solutions team in Foster City. This pivotal role involves bringing groundbreaking payment solutions to life and ensuring our compliance with essential payment network processing rules and specifications. As the Director, you will have the opportunity to collaborate closely with diverse teams, including product management, solution engineering, regional sales, and client services, to craft and manage payment acceptance solutions that meet the ever-evolving trends within the payments space. You'll be integral in acting as a risk champion within our team, with a primary focus on documenting, monitoring, and mitigating operational risks associated with our initiatives. Your responsibilities will encompass strategic planning, developing extensive project management plans, and staying updated on industry changes to ensure our compliance and innovative capability lead the market. With your in-depth knowledge of payment processing systems, you’ll guide product development aligning with compliance excellence while fostering collaboration across departments. If you're passionate about the future of payment processing and eager to drive innovation at Visa, we’d love to hear from you!

Frequently Asked Questions (FAQs) for Director, Network Innovation, Payment Processing Role at Visa

What are the primary responsibilities of the Director, Network Innovation, Payment Processing at Visa?

The Director, Network Innovation, Payment Processing at Visa is primarily responsible for driving the development of innovative payment solutions and ensuring compliance with processing rules. Key responsibilities include strategic planning, managing program initiatives, and collaborating with cross-functional teams to assess and fill capability gaps. They also oversee risk management processes and lead ongoing risk assessments.