The electronic payment battlefield can be said to be the most brutal battle in the entire Internet segment, and the final winner must have an extremely strong management.

Whether it is Huaguo's Alipay team, WeChat Pay team, or foreign PayPal.

The list of founders of NewPay's main competitor, PayPal, is all Silicon Valley current or future celebrities.

Needless to say, Musk Peter Thiel was the first outside investor in Facebook, Rulof Botha was a partner in Sequoia Capital, and Chen Shijun, Chad Hurley and Javid Karim were the founders of YouTube.

NewPay is only famous for Louis, who is a technical expert, not a managerial talent.

Zhou Xin also doesn't know what Warren Jensen's level is.

As a Chinese, even though he has studied at Ameriken for many years, he has no idea which people in Silicon Valley are famous.

It's like Chinese people will know that the CEO of station b is Chen Rui, but they don't know which founders YouTube has, and they don't even know that YouTube was sold to Google.

Judging from the information given to Zhou Xin by headhunters, Warren Jensen has been the chief financial officer of NBC and Delta Air Lines respectively.

Without this opportunity, Warren Jensen would have been working in finance, working at Amazon until 2002 and then jumping to EA Games as CFO.

For Zhou Xin, the biggest advantage of finding Warren is that the other party has been engaged in finance for many years, and he is the chief financial officer of Amazon, which has electronic payment software.

From regulatory familiarity to deep connections to management experience, Warren Jensen is the perfect choice.

The more underdeveloped the technology, the stricter the regulatory requirements for electronic payment.

At the technical level, there are mature solutions on the market, and the technical team led by Louis can also implement these solutions.

But the regulatory level meets the requirements, and it's not just about technology, it's about connections.

Connections in place, regulatory approval

Jensen didn't think about it for long when he went back, and he replied to Zhou Xin about three days later, saying that he was willing to join NewPay.

"Boss, I'm willing to do it with you, and I also have a complete idea of what NewPay is going to do next.

The markets we are currently targeting are mainly the Americon and Europa Alliance, as well as the two East Asian countries of Neon and Goryeo.

I know that you are from China, but China is still in its infancy in the field of the Internet, and the infrastructure has not yet been perfected, and there is no license for private enterprises other than banks to set foot in the field of electronic payment. ”

After the People's Bank of China issued the first version of the electronic payment guidelines in 2005, private electronic payment enterprises were established one after another.

Alipay, Tenpay, Lakala, etc. were all established around 2005.

"At the moment, apart from Ameriken, the most important thing is the market for the Europa League.

Long before the establishment of the central bank of the Europa Union, their banking consortium was still called the Europa Monetary Agency, and back then, the Europa Monetary Agency began to issue electronic money institution certification to enterprises.

After obtaining the certification of the electronic money institution, we can start the payment business of electronic money.

This means that users can store money in our electronic account, and then use the electronic account to send money and transfer, pay for purchases online and withdraw cash to bank cards.

Of course, there are various constraints on the certification of electronic money institutions, such as the absence of deposit guarantees, and the inability to provide borderless execution of payment transactions.

However, for our current business volume, electronic money institution certification is sufficient.

I've studied the user makeup of Riot Games, and we have a lot of Europa League users.

The Europa market is important to us, so I plan to get an e-payment license from Americon and apply for e-money agency certification in the Europa Union region at the same time.

Let the heads of the compliance department and the risk control department take charge of this matter together......"

This is the benefit of finding a financial person with rich experience in the industry, who is familiar with the regulatory requirements of various subdivisions, and also has his own thinking in the field of electronic payment.

Even if Zhou Xin is twenty years later, can he know about the regulatory requirements for electronic payments by Europa Alliance and Ameriken? Will he be able to know that Huaguo's electronic payment is not open to private enterprises?

Apparently not.

Professional fields need professional people to do it.

Purely from the specific implementation level, Warren Jensen is definitely much better than him, and Zhou Xin is very satisfied with Warren Jensen after listening to it, at least from the thinking level, he is better than Susie Dink.

"Our current risk control department and compliance department are combined.

When you come, you need to recruit people, and I will give you the right to recruit, except for the technical department, you are responsible for the people in other departments. ”

You can use Warren Jensen's connections to recruit people, and you don't even need to search for headhunters.

The most important thing in the financial field is business and risk control, and compliance is a part of risk control.

It's just that electronic payment is special, and compliance needs to be a separate department.

Warren knows a large number of excellent and good risk control and compliance talents, and he is also a lot more relieved after listening to it, the core department is the person he is looking for, and Zhou Xin will have to weigh it if he wants to kill him in the future.

......

When Zhou Xin and Warren Jensen reached a cooperation agreement, Yahoo, also in Silicon Valley, was holding a press conference, which was hosted by Yang Zhiyuan himself.

"Yahoo is sorry for what has happened recently, and because of the advocacy of a few executives, Yahoo has been put in a passive situation.

Yahoo is unwilling and will not be a company that plagiarizes the content of other companies, which is an accident, and Yahoo will give a penalty of dismissal to executives who make specific business decisions.

For Yahoo, we want to build deep and lasting relationships with our users, but the process of building that relationship is bright and open.

We sincerely apologize to the Riot Community for this and will place a link to the Riot Community on the Yahoo homepage for six months as our way of apologizing......"

When they saw the news, Susy Dink knew that it had been posted, and the next thing they needed to do was to expand the server and network bandwidth.

Susie Dink won't underestimate Riot Games because it defeated Yahoo in public opinion this time.

At this time, Yahoo's market capitalization was close to 100 billion US dollars, and it was the first choice for Internet users around the world to access the Internet.

Yahoo's homepage is equivalent to a combination of Baidu and hao123, with a search box at the top, and a search button next to the search box.

Below are then two rows of connections, mostly Yahoo's own secondary pages, including Art & People, News & Media, Business & Economics, and more.

Yahoo news in every segment.

In the top right corner is Yahoo's mailbox, and in the top left corner is their instant messenger.

With Yahoo's traffic, this is undoubtedly a qualitative leap for Riot Games.