Barry McCarthy serves as Executive Vice President, Head of Network and Security Solutions (NSS). The $1.6 billion NSS segment is one of First Data’s three publically reported segments. It includes all of the firm’s network, debit, prepaid, ACH/check, fraud, security, secure digital distribution, online and mobile banking, and government solutions. Collectively these businesses process more than $3 trillion in annual volume and support more than one billion cardholders.
Previously, Barry was responsible for the turnaround of the firm’s Financial Services segment. In 18 months, he moved revenue growth from -4% to +7% and increased profit 39% and margin by 1100 basis points. In previous roles at the company, he was a leader in the historic collaboration with Apple™ on Apple Pay™, ran the firm’s merchant business in Asia, and was responsible for creating the best-selling First Data-branded line of point-of-sale terminals, whose vertical integration strategy continues today with the firm’s Clover platform.
Prior to joining First Data, Barry led the turnaround of the VeriSign payment business that was acquired by PayPal. He also co-founded and later sold MagnaCash, a Silicon Valley-based micropayments company, whose technology, through subsequent transactions, is currently owned by Digital River (formerly NASDAQ: DRIV).
Barry first entered the payments technology industry at Wells Fargo, where he was ultimately responsible for overseeing 14 million cards and 6,500 ATMs. He started his career at Procter & Gamble, where he spent 12 years in brand, customer marketing, and sales management roles, and launched dozens of successful new products on Oil of Olay™, Secret™, Sure™, and Old Spice™.
Barry has served on multiple corporate and joint venture boards globally including Standard Chartered Merchant Solutions in Singapore, ICICI Merchant Solutions in Mumbai, Merchant Link in Washington, D.C., PNC Merchant Solutions in Pittsburgh, Bank of America Merchant Services in New York, and as non-executive chairman of eSurg.com in Seattle, an eCommerce medical supply company acquired by Henry Schein Corporation (NASDAQ: HSIC).
Barry is the chairman of a new, public-private partnership called FinTechAtlantaTM sponsored by Governor Deal, Mayor Reed, the Metro Chamber, Technology Association of Georgia (TAG) and American Transaction Processors Coalition (ATPC). He served as the 2015 Chairman of TAG, the nation’s largest technology association with more than 30,000 members, and has twice served as Chairman of the statewide Georgia Technology Summit (GTS). He also is on the boards of Woodruff Arts Center and Catholic Charities of Atlanta, where he founded the Youth Leadership Fellows Program. He has previously served on the Board of Junior Achievement of Atlanta.
He has been honored with multiple industry awards, and earned an MBA from the Kellogg School of Management at Northwestern University. He lives in suburban Atlanta with his wife and children.