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Director, Network Innovation, Payment Processing - job 15 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 is on the lookout for an experienced Director of Network Innovation in Payment Processing to join their dynamic Visa Acceptance Solutions team in Foster City. In this pivotal role, you’ll be at the forefront of driving innovative payment solutions, all while ensuring that compliance with payment network processing rules is top-notch. Collaborating with cross-functional teams such as product management, solution engineering, regional sales, and client services, you’ll develop and enhance payment acceptance solutions that are not only effective but also aligned with current trends in the payment landscape. Your expertise in network, acquirer, and third-party payment enabling models will guide the product development process, providing insights that facilitate smooth transaction processing design. You’ll also be instrumental in documenting and monitoring operational risk controls as a risk champion within the team. Strategic planning will be a key focus as you’ll develop and execute plans that align with Visa’s overall goals while keeping a pulse on industry changes, ensuring that our solutions meet compliance requirements. You will foster collaboration across numerous teams, ensuring a seamless user experience in payment processing and guiding the product development cycle with compliance excellence. As we push the envelope on innovation, your leadership will help unlock new capabilities to adapt to market needs. Plus, your role will be essential in leading risk self-assessments and establishing performance metrics that will provide leadership with a clear view of compliance status. This is a hybrid position, allowing for flexibility in your work environment, and you'll get to be a part of a team that's shaping the future of payments.

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

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

The Director, Network Innovation in Payment Processing at Visa is responsible for strategic planning, project management, compliance oversight, and collaboration with various teams such as product management and solution engineering. This role requires developing innovative payment solutions while ensuring operational risk controls are documented and monitored efficiently.