Vice President of Payment Processing

This position requires an executive leader who can balance operational excellence, regulatory compliance, technological innovation, and strategic growth while ensuring the organization delivers secure, reliable, customer-focused payment processing services. Job Title Vice President, Payment Processing This position requires an executive leader who can balance operational excellence, regulatory compliance, technological innovation, and strategic growth while ensuring the organization delivers secure, reliable, customer-focused payment processing services. Position Summary The Vice President of Payment Processing leads, manages, and continuously improves the organization's payment processing functions. This executive oversees payment operations, payment technology, regulatory compliance, vendor relationships, fraud prevention, and customer service while ensuring secure, efficient, and scalable payment solutions. The VP partners closely with executive leadership, technology, finance, compliance, risk management, and client-facing teams to support business growth and operational excellence. Key Responsibilities Strategic Leadership Develop and execute the organization's payment processing strategy aligned with corporate objectives. Identify emerging payment technologies, industry trends, and innovation opportunities. Lead digital transformation initiatives to improve payment efficiency and customer experience. Establish departmental goals, KPIs, and performance metrics. Coach, mentor, and develop sales leaders and account executives, fostering a high-performance, customer-focused culture. Partner with Marketing and Product Management to develop go-to-market strategies, product positioning, and competitive differentiation. Collaborate with Operations, Technology, and Client Success teams to ensure seamless implementation and delivery of payment solutions. Build and maintain executive-level relationships with key clients, financial institutions, referral partners, and strategic alliances. Identify new market opportunities, emerging payment technologies, and industry trends to support business expansion. Participate in complex sales presentations, contract negotiations, and executive client meetings. Monitor sales pipeline, forecasting, customer acquisition, retention, and overall sales performance through key performance indicators (KPIs). Ensure the sales organization maintains a thorough understanding of payment processing regulations, compliance requirements, and product capabilities, especially with clients in high-risk industries Develop strategic partnerships with financial institutions, payment networks, Independent Sales Organizations (ISOs), fintech providers, and technology partners to expand market reach. Payment Operations Ensure high availability, accuracy, and timeliness of payment processing. Optimize workflows to improve operational efficiency and reduce costs. Monitor transaction volumes and processing performance. Technology & Innovation Work closely with IT and Product teams to implement payment technologies. Support API integrations and payment platform enhancements. Lead modernization initiatives including automation and artificial intelligence where appropriate. Financial Management Develop and manage departmental budgets. Monitor processing costs, interchange expenses, and vendor contracts. Identify cost-saving opportunities while maintaining service quality. Support revenue-generating payment initiatives. Analyze residual reporting for accuracy and completeness Submit sales rep bonuses for payment to the finance department Leadership & Talent Development Lead, mentor, and develop directors, managers, and operational teams. Foster a culture of accountability, innovation, collaboration, and continuous improvement. Recruit and retain high-performing talent. Promote employee engagement and professional development. Qualifications Education Bachelor's degree in Finance, Business Administration, Information Systems, Accounting, or a related field. MBA or other advanced degree preferred. Experience 5-7+ years of progressive experience in payment processing, banking operations, fintech, or financial services. Minimum 3-5 years of senior leadership experience managing payment operations. Demonstrated experience leading large operational teams and strategic initiatives. Experience with enterprise payment platforms and payment network integrations. Technical Knowledge Strong knowledge of: ACH processing Wire transfers Card payment processing Real-Time Payments (RTP) Payment gateways and APIs Fraud management systems PCI DSS compliance Payment reconciliation and settlement Payment orchestration platforms Core Competencies Strategic leadership Executive decision-making Financial and business acumen Operational excellence Regulatory compliance Risk management Process improvement Data-driven decision-making Cross-functional collaboration Executive communication Customer-focused leadership Key Performance Indicators (KPIs) Operational cost reduction Customer satisfaction Vendor performance Service level agreement (SLA) attainment Employee engagement and retention Reporting Structure Reports To: Chief Executive Officer (CEO), Chief Operating Officer (COO) Compensation Competitive base salary plus aggressive commission structure with uncapped earnings. $90-100K per year plus residuals Additional benefits include: Health Benefits Package 401k / 4% Company Match Vacation / Personal time off – PTO approx 3 weeks Ongoing training and professional development Advancement opportunities as the division grows #J-18808-Ljbffr QualiFi - Borrow I Build I Believe