PayPal hires Visa tech executive as CTO

PayPal hires Visa tech executive as CTO

Online payments firm PayPal has poached Scott Thompson from Visa's technology subsidiary Invosant to head up its own technology operations.

Thompson is joining PayPal as senior vice president and chief technology officer (CTO).

He was previously executive vice president of technology solutions at Inovant where he was responsible for development, support and maintenance of Visa's global payment system.

Prior to Visa, Thompson was chief information officer at Barclays Global Investors.

In his new role, Thompson will report to PayPal president Jeff Jordan and eBay chief operating officer Maynard Webb. He replaces Chuck Geiger who is leaving PayPal after five years.

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