Scott Loftesness, a senior executive at Visa International who was recently named head of a new strategic group, has left the association to join First Data Corp.

Mr. Loftesness, 47, becomes executive vice president of product and service management in First Data's electronic funds services group, which was organized earlier this year by another former Visa executive, Roger Peirce.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.