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Visa refutes reports of m-commerce chief Gajda's ouster

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Visa is refuting a report stating that Global Head of Mobile Product Bill Gajda is no longer with the financial services giant.

Late last week, NFC Times reported that Gajda was dismissed as part of an executive shakeup spearheaded by first-year CEO Charles Scharf. In a blog post, Visa said Gajda has instead assumed a broader role as global head of strategic partnerships and is now managing Visa's relationships with mobile network operators, device manufacturers and platform providers. Gajda reports to Jim McCarthy, recently named global head of innovation and strategic partnerships.   

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.

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). 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.

Visa said NFC Times also inaccurately reported that Global Head of Digital, Developed Markets Sam Shrauger is directly reporting to Visa President Ryan McInerney. Shrauger is instead reporting to Elizabeth Buse, recently named Global Executive, Solutions, a new global group created to bring together product and client functions from across the organization. Ruse oversees a global team responsible for implementing, managing and growing a range of initiatives, including Visa's digital channels, processing services, information products and merchant sales and solutions, including CyberSource.

For more:
- read this Visa Viewpoints Blog post

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