Global Processing Services Names Ex-Visa Exec Jim McCarthy as Global Sales and Product EVP

Global Processing Services (GPS) has added two members to its leadership team.

The global payments technology platform has appointed former Visa executive Jim McCarthy to the newly created role of executive vice president — global head of sales and product and Kevin Fox as chief revenue officer, GPS said in a Friday (Jan. 27) press release.

“I am excited that Jim and Kevin have chosen to join GPS as we enter our next phase of growth,” GPS CEO Kevin Schultz said in the release.

McCarthy held senior roles at Visa for 18 years and led the company’s product and technology roadmap, innovation efforts and business development, according to the release. Most recently, he was president of payments processor i2c.

“Jim has advised disruptive future-focused FinTechs and banks for decades, driving front-line innovation across the global payments ecosystem,” Schultz said in the release. “He is uniquely placed to partner with our ambitious customers in navigating the complex landscape and accelerating their revenue growth.”

In his new role, McCarthy will lead GPS’ global commercial and product teams and will collaborate with Fox on sales acceleration, according to the release.

McCarthy said in the release that the company’s payments platform has scaled some of Europe’s FinTech unicorns.

“With cashless transactions forecast to top $3 trillion by 2030 and a global cashless society a real prospect, the opportunity for a next-gen payments specialist like GPS to become one of the world’s pre-eminent issuer processors is enormous,” McCarthy said.

Fox most recently worked alongside McCarthy at i2c, where Fox served as global head of sales, scaled the company’s sales organization globally, expanded its penetration into the banking sector and diversified its revenue stream, the release stated. Before that, he served as executive vice president for Banking-as-a-Service (BaaS) firm NovoPayment.

In the release, Fox said GPS is becoming a pivotal FinTech in Europe and is expanding in the Asia-Pacific (APAC) region.

“GPS is ideally placed to accelerate the payments revolution in the U.S. and Latin America too, and I look forward to working with the talented team here to explore how GPS can do that,” Fox said.

The news comes three months after GPS announced that it is advancing its fraud detection capabilities through a new collaboration with fraud detection and risk management firm Featurespace.