MasterCard Names Ed McLaughlin Chief Emerging Payments Officer and Eileen Simon Chief Franchise Development Officer

MasterCard Worldwide today announced that Ed McLaughlin has been appointed chief emerging payments officer, and Eileen Simon has been named to the role of chief franchise development officer. Both appointments are effective immediately.

As chief emerging payments officer, McLaughlin will be responsible for leading the development and commercialization of payment product platforms and solutions around the globe that create a sustainable competitive advantage for MasterCard and its customers. Emerging Payments consists of MasterCard’s products and solutions in the areas of e-Commerce, Mobile, P2P, PayPass/Transit, inControl, Bill Payment, Chip, and the Mobile Payment Solutions joint venture. McLaughlin replaces Josh Peirez who has elected to pursue an opportunity outside of MasterCard.

McLaughlin, who was group executive for MasterCard’s Franchise Development group, joined MasterCard in 2005 as group head, Bill Payment and Healthcare. Prior to MasterCard, he served as group vice president, Product and Strategy at Metavante, a financial services technology company. The Metavante payments group included issuing and acquiring processing services, prepaid program management, the NYCE regional debit network, ACH processing, card production and other payment processing services. McLaughlin joined Metavante in 2002 through their acquisition of Paytrust, an online payments company where he served as a cofounder and CEO. Prior to co-founding Paytrust, McLaughlin was executive vice president at LogicWorks, Inc., a data modeling software company.

In her role as chief franchise development officer, Simon will develop and implement a comprehensive global franchise strategy that competitively positions MasterCard in the global marketplace. She will be responsible for evolving MasterCard’s strategies with regard to licensing and approvals, rules and standards as well as compliance, registration and dispute resolution to meet customer needs and protect the integrity of our brand.

Simon, who was group executive, senior associate general counsel, joined MasterCard in 1999. Prior to MasterCard, she was an antitrust lawyer at Weil, Gotshal & Manges LLP. In her most recent role, Simon was responsible for providing legal support to the MasterCard Global Products and Solutions division, Law and Franchise Integrity, as well as the MasterCard Technologies organization.

About MasterCard Worldwide

MasterCard Worldwide advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. As a franchisor, processor and advisor, MasterCard develops and markets payment solutions, processes over 22 billion transactions each year, and provides industry-leading analysis and consulting services to financial-institution customers and merchants. Powered by the MasterCard Worldwide Network and through its family of brands, including MasterCard^®, Maestro^® and Cirrus^®, MasterCard serves consumers and businesses in more than 210 countries and territories. For more information go to www.mastercard.com. Follow us on Twitter: @mastercardnews.