PayPal Names Scott Thompson Senior VP and CTO

PayPal has announced that Scott Thompson has joined the company as senior vice president and chief technology officer.

"Scott is one of the most respected technology professionals in the financial services industry, and we are thrilled that he is joining the PayPal team," said Jeff Jordan, president of PayPal. "Scott's expertise will help lead PayPal to our ultimate goal of becoming the global online payments standard."

Thompson comes to PayPal from Inovant, a subsidiary of Visa formed to oversee global technology for the organization. As executive vice president of technology solutions at Inovant, he was responsible for all development, support and maintenance of Visa's global payment system, which processed tens of billions of transactions in 2004.