Solution Portfolio - Page 110



THE “NEW” EXECUTIVE: THE CHIEF PAYMENTS OFFICER
A new C level ofcer is emerging. Owning to the importance of Payments and the
impact of an assertive and proactive payments strategy, some companies have
already opted for placing the equivalent of a Chief Payments Ofcer (CPO) on their
executive and management committees. As the payments function is becoming a
more transversal function spanning multiple departments, the remit of the CPO is
broadening and is therefore increasingly inuential within the business.
Of course, the title and the designation vary from one company to another and
actual terminology is of little matter. Some companies simply prefer to use
traditional titles such as Vice President – Payments, or just Head of Payments. But
the importance of an expert in payments interacting at the very highest levels in a
company (e.g. presenting key payments-related risks or initiatives at Board
meetings) with a strong focus on delivering growth, is fast becoming a reality.
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The 7 Habits Of Successful “New” Payments Leaders
Best practices and insights by industry front runner

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