Product Manager Payments & Virtual Cards (Hands-On)
Posted 1 day ago by Tetrahed
Negotiable
Undetermined
Remote
Remote
Summary: This role involves owning the payments product with a strong focus on implementation awareness and understanding the intricacies of money movement. The candidate will define product features while assessing feasibility, costs, and operational risks. A deep knowledge of payment systems and experience in product management within the fintech sector is essential. The position requires collaboration with engineering teams to ensure smooth operations and prevent reconciliation issues.
Key Responsibilities:
- Define product capabilities for customer card acceptance, virtual card issuance, and supplier payment execution
- Own interchange and cost optimization strategy
- Specify MCC control logic, card limits, lifecycle, and usage rules
- Define ledger models including customer charge, issuer funding, supplier settlement, and fee breakdowns
- Work closely with Engineering to prevent reconciliation issues, handle partial failures, and design idempotent flows
- Act as the internal payments SME
Key Skills:
- 6-10+ years in payments/fintech product roles
- Direct exposure to card networks (Visa/Mastercard behavior), issuer/acquirer integrations, and virtual card programs
- Strong understanding of interchange mechanics, scheme rules, and settlement timing and cutoffs
- Experience working with Finance and Ops teams
- Travel, OTA, marketplace, or supplier payments experience is strongly preferred
- Experience launching payment products under margin pressure
- Experience fixing reconciliation or settlement issues post-launch
Salary (Rate): undetermined
City: undetermined
Country: undetermined
Working Arrangements: remote
IR35 Status: undetermined
Seniority Level: undetermined
Industry: IT
Detailed Description From Employer:
Role Summary
You will own the payments product, but this role requires deep implementation awareness. You must understand how money actually moves, where it breaks, and where costs hide.
You will define features, but also pressure-test feasibility, cost, and operational risk.
What You Must Have Done
Candidates must have:
Shipped payment products involving real money movement
Worked with acquirers AND issuers
Owned decisions affecting:
Interchange cost
MCC usage
Authorization success rates
Defined ledger and reconciliation requirements that were actually built
Key Responsibilities
Define product capabilities for:
Customer card acceptance
Virtual card issuance
Supplier payment execution
Own interchange and cost optimization strategy
Specify:
MCC control logic
Card limits, lifecycle, and usage rules
Define ledger models:
Customer charge
Issuer funding
Supplier settlement
Fee breakdowns
Work closely with Engineering to:
Prevent reconciliation issues
Handle partial failures
Design idempotent flows
Act as the internal payments SME
Required Experience
6 10+ years in payments / fintech product roles
Direct exposure to:
Card networks (Visa/Mastercard behavior)
Issuer/acquirer integrations
Virtual card programs
Strong understanding of:
Interchange mechanics
Scheme rules
Settlement timing and cutoffs
Experience working with Finance and Ops teams
Strongly Preferred
Travel, OTA, marketplace, or supplier payments experience
Experience launching payment products under margin pressure
Experience fixing reconciliation or settlement issues post-launch