Scott Thompson has been named Executive Vice President, Systems Development and Customer Service, for Visa U.S.A., with overall responsibility for the VisaNet Services Group.
Thompson joins Visa after five years as Chief Information Officer for Barclays Global Investors in San Francisco, where he spearheaded all systems and technical operations activities for the firm, which manages mare than $400 billion in assets. In addition, he successfully implemented a new strategic platform and technology infrastructure based on UNIX technologies, overseeing a staff of more than 200 technology professionals. He also redirected development efforts at the firm toward client-served methodology.
“Scott Thompson is a seasoned systems development professional, bringing more than 15 years of experience in information systems and operations to Visa U.S.A.,” said Carl Pascarella, president and chief executive officer, Visa U.S.A. “He has a proven track record in effectively mastering technology systems, and we are extremely pleased to have him on board.”
Prior to Barclays Global Investors, Thompson was a Partner at Coopers & Lybrand, where he was responsible for delivering information technology solutions to the firm’s financial services industry clients.
“I am excited by the size, scope, and importance of the VisaNet Systems, not only as they exist today, but also as we will develop them for the future,” said Thompson. “As the industry leader, Visa U.S.A. has assembled a stellar systems development team. I’m thrilled to be a part of it.”
VisaNet is Visa’s global payment processing network that provides the telecommunications and data processing infrastructure that connects 21,000 member financial institutions, nearly 600 million Visa cards and more than 14 million Visa acceptance locations. VisaNet recently set and all-time record, processing more than $1 trillion in Visa transactions in the 12 months ended March 31, 1997. VisaNet enables Visa member financial institutions to offer Visa cardholders a variety of services and a level of satisfaction that continually reinforces consumers’ preference of the Visa brand.
Visa is the preferred payment brand and the largest consumer payment system worldwide. It plays a pivotal role in advancing new payment products and technologies to benefit more than 21,000 member finanacial institutions, their cardholders and the global economy. Visa’s nearly 600 million cards are accepted at more than 14 million worldwide locations, including more than 370,000 ATMs in the Visa Global ATM Network. Visa’s Internet address is [www.visa.com]