MasterCard: Igniting Innovation in Payments

Joshua PeirezMasterCard Worldwide’s Chief Innovation Officer, Josh Peirez sat down with industry expert and author of Paying with Plastic, David S. Evans. Josh has been with MasterCard since 2000 and is responsible for the development and commercialization of payment product platforms that create a sustainable competitive advantage for MasterCard and its customers.

The beauty of the payment industry is that it permeates everyday life, worldwide. Driving innovation and finding the next big thing in the industry allows others like Josh to impact the way in which the world pays. With mobile and web 2.0 driving innovation, Josh and his team at MasterCard are always on the lookout for “What’s Next.”  And despite the current economic times, there is still plenty of funding available for payment startups with the right ingredients: a mix of enhanced user experiences, a dash of unique opportunity and a side of innovation.
For Josh’s further insights on innovations in payments, listen to this exclusive NEXTcast interview to find out “What’s Next” with MasterCard. Click here to read the transcript of this interview.



Executive Bio: Joshua Peirez is the Chief Innovation Officer for MasterCard Worldwide.  Mr. Peirez leads the development and commercialization of payment product platforms that create a sustainable competitive advantage for MasterCard and its customers.  The Innovative Platforms group is responsible for such MasterCard initiatives as e-Commerce, Mobile, Chip, P2P, Transit, PayPass, inControl, Orbiscom, Cardholder Solutions and Bill Payment
Prior to assuming this role, Mr. Peirez was the chief payment system integrity officer for MasterCard.  He led the MasterCard payment system security and compliance functions, overseeing Fraud Management, Security and Risk Services, Global Product and Information Security, Compliance and Chargeback Management, PCI, SecureCode and other e-commerce security programs.
Mr. Peirez previously served as group executive, Global Public Policy and Associate General Counsel for MasterCard, responsible for integrated legal support, as well as the Security and Risk, and Franchise Management areas.  He had global responsibility for the Public Policy, Consumer Education, Regulatory Strategy and Legislative Affairs functions.  He also served as counsel and secretary to MasterCard’s U.S. Region Advisory Board of Directors.  Previously, Mr. Peirez managed Legal Services for MasterCard Advisors and the Debit, Credit, Corporate and Information Products groups worldwide.  He also built the MasterCard Compliance function focusing on AML, Privacy, FCPA and OFAC compliance worldwide.
Before joining MasterCard in 2000, Mr. Peirez was an associate at Clifford Chance Rogers and Wells focusing on antitrust litigation.
Mr. Peirez is an active member of the American Corporate Counsel Association.  He earned a Juris Doctorate from Brooklyn Law School, where he received the Corpus Juris Secundum Award in Criminal Law and Comparative Constitutional Law.  Mr. Peirez served as Executive Research Editor and as a member of the Executive Board for the Brooklyn Journal of International Law.  He received his Bachelor of Science degree in Policy Analysis, Economic and Government Studies from Cornell University.
Mr. Peirez has served on the Federal Reserve Board’s Consumer Advisory Council and the Board of Directors for the Westchester County Association.  In 2004, he was named to the Rising Stars – Westchester’s 40 Under 40 list, recognizing those who exemplify leadership, foresight and a vision for the future in their chosen fields under the age of 40. In 2009, Josh was among the Top 10 Innovators of 2009 ranked by Bank Technology News.

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