Senior Manager, Product Governance - Digital Wallet

For a leading global brand in the payments industry working on their digital wallet

Senior Manager - Product Governance

---

Company	Mostyn Chase
Reference	182/10121GOV
Sector	Business analytics / business modelling , Business Development, Business Operations
Salary, Benefits & OTE	Six Figure Package available for the right candidate
Town/City	London
Locations	UK, London
Job Type	Permanent
Date Posted	17th May

Job Description

Product Rules / Requirements Gathering / Card Processing / Contract Negotiations / e-commerce Competitive six figure Salary, available for an exceptional candidate As a payment business that is at the forefront of technology, our client is currently launching and developing a new digital wallet for Europe and requires a senior individual to define the product governance framework. So what will the role involve? The purpose of this job is to contribute to the launch and market adoption of a new digital wallet product by developing the product governance framework, which will govern the use of the digital wallet offering across all ecosystem participants (Wallet Providers, Acquirers, Merchants, iPSPs, Consumers, Card Schemes). This is a senior management role, and the holder, as part of the e-commerce team, will be involved in defining and implementing a product rules framework by developing a holistic, end to end set of product policies. What must you bring? With proven experience in the e-commerce / online payments sectors you will have previously worked either with a merchant, iPSP or Acquirer. You must also be able to demonstrate: * Knowledge of the card transaction processing flows and the roles / responsibilities of the entities in the 4-party model * Experience with negotiating and putting in place legal agreements / contracts * Commercial law background * Ability to engage with and manage multiple stakeholders * High quality documentation skills - excellent written and spoken communications * Demonstrated hands-on project management capabilities with ability to work to tight deadlines * Proven ability to work cross-functionally and drive significant delivery initiatives * A "can do" mentality - demonstrating a real passion for making things happen combined with a flexible approach reflecting the dynamic nature of the role * Delivery focussed with an ability to balance conflicting needs You will have a distinct advantage if in addition to the above you can display: * Knowledge of card schemes * Agile development * Additional European languages So why apply? Excellent opportunity for you to join a global brand in the payments industry, working on an innovative payment solution which is set to become the future of payments. To apply, go to : http://www.cardandpaymentjobs.com/hot/jobs/senior-manager---product-governance-4354.htm

WorldPay study reveals cultural differences in Alternative Payments

WorldPay, recently launched ‘Optimizing your Alternative Payments’, an in-depth global whitepaper and interactive heatmap of the alternative payments landscape, and the varying cultural preferences of payment types by geography.

According to WorldPay, the alternative payments (AP) market is growing at a phenomenal rate. It currently accounts for EUR165 billion of global eCommerce transactions around the world -- 22% of the total transactional value. It is estimated that there are currently over 230 AP schemes operating globally including: real-time bank transfer, offline credit transfer, direct debits, eWallets, paper-based payments and mobile payments.  Can it really only be 230? It seems that everyday (sometimes several times)  we are bombarded with the launch of one new life – enhancing life – changing product or another…

The AP market is expected to grow 13% by 2015 and within eCommerce, spend via alternative payments will outstrip that of card payment schemes. Growth rates of payment types vary; for example, eWallets currently lead the way with 36% of the market and this is expected to rise to 43%. Real-time bank transfers only make-up 12% of the AP types today but this figure is expected to rise to 20% in the next three years.

In the US, card payments dominate (17%). It is only due to the scale of the eCommerce market in the US,  that AP transactions comprise EUR46.6 billion of online spend. In other regions APs have a stronger share of the payments market.

Key country  findings from the Optimizing your Alternative payments whitepaper reveal that :

Germany - is a leading AP market globally. Currently 66% of eCommerce purchases (EUR45 billion) are made via alternative payment types. Online credit card penetration is low whilst managed offline credit transfers are popular. Elektronisches Lastschrift Verfahren (ELV), a form of direct debit payment, makes up a huge 28% of the market

India - Internet bank payments are the preferred choice when paying online. Prepaid cards and cash payments are also popular but mobile payments are gaining prominence due to the large number of mobile phone users in this region

China - Alipay dominates in China with 60% of the market share. Cash on delivery is also a popular form of payment (20%). China UnionPay credit cards are also important for retailers entering the Chinese market. As a card scheme, it is already bigger than MasterCard and forecast to be bigger than Visa this time next year

Austria - Mobile payments are popular with Paybox supporting over five million users
Netherlands - Whilst the eCommerce market is relatively underdeveloped, two thirds of payments are made using alternatives (66%) -- the vast majority using iDEAL, a native real-time bank transfer

Phil McGriskin, Chief Product Officer, WorldPay, comments: "Cultural payment preferences have always existed but until fairly recently, online purchasing options were dominated by global card schemes. With the advances in technology, a new generation of  shoppers, and developing online economies, alternative payments are growing in popularity. This presents an opportunity in the eCommerce space for merchants to gain a competitive advantage by offering customers the option to pay using their preferred payment type. Merchants need to identify where their target customers are located and offer the relevant payment options to cater to cultural preferences. This will ultimately drive revenue for merchants, especially in new and developing economies."  

 

What are the factors driving AP in your market ? What USPs will payment schemes have to provide to   protect their hold in an ever changing landscape?view the

To view the latest jobs in the card and payment industry, go to http://www.cardandpaymentjobs.com

 

Ambassador, with these Digital Wallets you are really spoiling us!

MasterCard becomes latest company to offer a Digital Wallet

MasterCard is the latest big brand to add itself to the long list of those offering digital wallets. PayPass Wallet Services, a new global offering for banks, merchants and partners  will make it faster and easier for their customers to make purchases in stores or online by allowing them to securely pay with a simple click of the mouse, touch of the tablet screen or tap of the smartphone.

PayPass Wallet Services delivers three distinct components — PayPass Acceptance Network (PayPass Online and PayPass Contactless), PayPass Wallet and PayPass API. These services enable a consistent shopping experience no matter where and how consumers shop, as well as a suite of digital wallet services, and developer tools to make it easier to connect other wallets into the PayPass Online acceptance network.

 “Consumers are looking to pay for goods when, how and where they choose. Merchants want flexibility to easily accept digital payments so they can convert more browsers to buyers both online and in store,” said Ed McLaughlin, chief emerging payments officer, MasterCard. “We realize that when it comes to payments, no single wallet will rule them all. PayPass Wallet Services simplifies the shopping experience while providing flexibility and choice to merchants, banks and consumers.”

MasterCard will make PayPass Wallet Services available to partners in the third quarter of 2012, initially in the U.S., Canada, U.K. and Australia and, subsequently, will include other countries. PayPass Wallet Services will be expanded to the point of sale over time to create an end-to-end shopping experience for consumers providing additional value-added services such as: at-a-glance account information before making a purchase; spending controls and alerts received in real time; and delivery of targeted offers, coupons and enhanced loyalty programmes.

How will consumers choose which digital wallet to adopt? And at what point will the majority of us feel that we can’t possibly live without  one?

To view the latest jobs in the card and payment industry, go to http://www.cardandpaymentjobs.com