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Scott Loftesness
LoftyLabs
Menlo Park, California
Overview
Scott Loftesness is a seasoned professional with a strong background in the payments industry, having held executive roles at Visa International and First Data Corporation. He is currently retired but remains active as an advisor at Nyca Partners and as a co-author at Glenbrook Partners, where he contributed to the book "Payments Systems in the U.S." - Second Edition.
Loftesness has made significant contributions to the payments industry as a published author and as a Group Executive Vice President at Visa International and Visa USA. His expertise in strategic thinking and mobile payments has positioned him as a sought-after advisor in the FinTech sector.
Work Experience
Advisor
2014 - 2024
Nyca Partners is a venture capital and advisory firm that focuses on the fintech sector.
Co Author
2017 - 2017
Co-author of "Payments Systems in the U.S." - Third edition now available on Amazon: http://amzn.to/2u4l6Fs
Founding Partner
2001 - 2016
Retired from Glenbrook on October 31, 2016. With over 35 years' experience in information technology — as a technologist, senior executive, board member, venture investor, consultant, advisor, and mentor — Scott brought seasoned judgment and a unique business perspective to his work with Glenbrook. See: www.glenbrook.com
Co-author of "Payments Systems in the U.S." - Second Edition
2014 - 2016
See: http://amzn.to/1e1r0Xt - now available in a second edition, "Payments Systems in the U.S." is a comprehensive description of the systems - (cards, checks, cash, ACH, etc.) that move money between and among consumers and enterprises in the U.S. In clear and lively writing, the authors explain what the systems are, how they work, who uses them, who provides them, who profits from them and how they are changing. Anyone working in the payments industry - or needing to use payments products - can benefit from understanding this. The second edition updates information on card, ACH, and check systems, as well as providing perspective on developments in emerging payments.
Founder/Editor/Publisher
2002 - 2016
Scott founded PaymentsNews.com - the original daily payments news blog - in April 2002.
Group Executive - First Data Merchant Services
1994 - 2000
Responsible for product, services, systems and operations for FDMS.
First Data Corporation provides electronic commerce and payment solutions for merchants, financial institutions and card issuers.
Raised $3,500,000,000.00 from Rancilio Cube Sicaf and Kohlberg Kravis Roberts.
CEO
1998 - 1999
The first electronic cash company - founded by David Chaum - DigiCash pursued commercializing its technology to financial institutions in the late 1990's.
Group Executive Vice President
1985 - 1994
Senior technology and strategy development for Visa International.
Group Executive Vice President - Visa International
1991 - 1994
Responsible for Visa's technology strategy for payments.
Visa Research conducts applied research on the most challenging problems in the payment industry.
Senior Vice President
1989 - 1991
Responsible for private equity investments in telecommunications ventures.
Fidelity is a privately-owned investment manager focusing on a diverse set of customers.
Raised $152,825,000.00.