Jim McCarthy, a top Visa official who was the key decision maker in big tech organizations, has been let go for conduct that “violated” company policy. Visa president Ryan McInerney, to whom McCarthy reported, conveyed an extensive memo on Friday declaring the departure.
“Jim is an 18-year veteran of Visa and has contributed much to our company over the years. However, in response to information that recently came to our attention, we determined that Jim had violated Visa policy. We cannot ignore behavior, at any level, that runs counter to our leadership principles and culture.”
McCarthy has been Visa’s most noteworthy official in Silicon Valley because of his part in regulating the organization’s worldwide partnership groups. These groups work their way into enormous ventures like Apple Pay and Google’s Android Pay, as well as Stripe, FitBit, and Garmin. Recode has attempted to gather more data about the termination, with little success.
As indicated by a stored version of that site page, McCarthy joined Visa in 1999 and held management roles including Head of North America Financial Institution Sales, Head of Global Consumer Products, Head of Emerging Products for Visa USA, and most recently, Global Head of Product. 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 bio said.
Visa is an American multinational financial service corporation headquartered in Foster City, California. It encourages electronic fund transfer all through the world, most regularly through Visa-branded credit and cards. Visa does not issue cards, expand credit or set rates and expenses for purchasers; rather, Visa gives budgetary establishments Visa-branded installment products that they use to offer credit, debit, pre-paid and cash access programs to their customers.