Prepaid products, merchant and acquirer business process evaluation
Armen Khachadourian is an Executive Consultant at GVGroup, providing extensive expertise across all our practice areas. Armen is a seasoned global payments expert with over 25 years of strategic, hands-on business experience in global payments systems and new business development. He brings knowledge of executive management, strategic planning, financial management, and business process improvement to GVGroup engagements, and his expertise in card products extends to issuance of credit, debit, prepaid and commercial cards. He also understands acceptance, and is an experienced manager of technology solutions, including development of connectivity products for payment cards, network policy, and third-party processor contract negotiation and problem resolution.
While at Visa, he developed Visa’s business with government agencies, utilities, higher education, IRS, supermarkets, quick-service retailers and the U.S. Postal Service. In addition, He established the business to business (B2B) program in response to the U.S. General Services Administration’s (GSA) Smart Pay Program and secured the purchasing card task orders for DOD, U.S. Postal Service, NIH and Veterans administration. Formed a special team to sign up key suppliers to accept Visa and pass the enhanced level data.
As a vice president of JPMorgan Chase’s prepaid product in treasury services he developed the legal structure to issue € denominated debit cards in EU and issued prepaid cards to over 10 US Treasury Agencies, FEMA, Red Cross and a multipurpose Java chip based MasterCard Debit payroll card to the U.S. Navy and Marines.
Armen earned a BA in mathematics and an MS in computer science from San Jose State University, California. He authored the textbook Basics of Data Communications, lectured at College of San Mateo, and received an honorary teaching credential from the State of California. Armen is an accomplished marathon runner and tri-athlete, having completed seven Ironman competitions, and as a member of the United States National Masters team, represented the US at four world championships.