Report: Visa mobile chief Bill Gajda ousted in executive shakeup
Editor's Note: Click here for an update to this story.
Visa Global Head of Mobile Product Bill Gajda has been dismissed as part of an executive shakeup spearheaded by first-year CEO Charles Scharf, NFC Times reports.
Sources said Visa Global Head of eCommerce Jennifer Schulz and Global Head of Product Jim McCarthy have also been removed from their posts, with former PayPal Vice President Sam Shrauger installed to steer the company's mobile and online commerce efforts. A Visa spokesperson declined to comment on whether Gajda and Schulz were dismissed or whether McCarthy would have a future role in the firm's digital payments business.
Gajda, who joined Visa in early 2010, led development of the financial services giant's V.me digital wallet service, which enables consumers to complete real-world and online purchases via smartphone, tablet or PC. Instead of entering their account number, billing data and shipping information for each transaction, V.me shoppers simply input their username and password. Last month, Visa said that more than 90 U.S. banks including Bank of America, PNC Bank and BBVA Compass support V.me, up from 50 in Nov. 2012--in addition, more than 250 merchants support the wallet, with 72 new partners signing on during the second quarter alone.
V.me is one of a large and growing number of digital wallet and mobile commerce services. Competitors include Square, PayPal, Google (NASDAQ:GOOG) Wallet and Isis, the latter spearheaded by Verizon Wireless (NYSE:VZ), AT&T (NYSE:T) and T-Mobile US (NYSE:TMUS).
- read this NFC Times article
Visa: 253 merchants, 90 financial institutions now support V.me digital wallet
Visa's Gajda: Mobile payment space is not fragmented, and NFC will rule the market
Visa's payWave to be incorporated into Samsung's next-gen phones
Visa's V.me digital wallet exits beta, mobile apps due in early 2013
Visa, Orange team on mobile payments for emerging markets