Barry McCarthy serves as Executive Vice President, Network and Security Solutions (NSS). The NSS segment includes all of the firm’s network, debit, prepaid, ACH/check, fraud, security, secure digital distribution, online and mobile banking, and government solutions. These solutions support our proprietary distribution channels, as well as third parties.
Previously, Barry was responsible for the turn-around of the firm’s Financial Services segment. In 18 months, he moved revenue growth from -4% to +7%, increased profit 39% and margin by 1100 basis points. In previous roles, he was a leader in the company’s historic collaboration with Apple™ on Apple Pay™, ran the firm’s merchant business in Asia, and was responsible for the creation of the best-selling First Data-branded line of point-of-sale terminals that have shipped 1.1 million devices. This vertical integration strategy continues today with the firm’s new tablet-based point-of-sale system, Clover.
Prior to joining First Data, he led the turn-around of the VeriSign (NASDAQ: VRSN) payments business now owned by eBay/PayPal (NASDAQ: EBAY). He 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 (NYSE: WFC), where he was ultimately responsible for the 14 million card and 6,500 ATM business. Barry started his career at Procter & Gamble (NYSE: PG), where he spent 12 years in brand, customer marketing and sales management roles, where he launched dozens of successful new products on Oil of Olay™, Secret™, Sure™, Old Spice™.
He served as non-executive Chairman of eSurg,com, a venture-backed, online medical supply start-up where he helped engineer multiple rounds of financing and the ultimate acquisition by Henry Schein (NASDAQ: HSIC). He also served on the boards of Merchant Link™ Corporation, and bank merchant processing joint ventures with PNC, Standard Charter Bank (Singapore), and ICICI (Mumbai). In the community, he currently serves as Chairman of the Technology Association of Georgia (TAG), the largest technology association in America with over 24,000 members, and on the boards of Junior Achievement of Georgia, and Catholic Charities of Atlanta.
Barry earned his MBA from the Kellogg School of Management at Northwestern University, and was an undergrad at the University of Illinois, Urbana-Champaign. He has twice served as Chairman of the state-wide, Georgia Technology Summit, and was honored as Person-of-the-Year in 2010 by the National Association of Telecom Professionals™ (ATP) for his pioneering work in mobile commerce, and in 2012 by the Electronic Transaction Association (ETA) for leadership.