Industry Innovator Drives MasterCard’s Prepaid Vision

Ron Hynes has made a name for himself in the payments industry and is known for his creativity around payroll products and for creating the first ever instant issue reloadable prepaid product at retail. Ron sat down with Karen Webster to discuss how he, as group executive, Global Prepaid Solutions, will continue to drive innovation in prepaid on a global scale.

Related: MasterCard Reveals Staggering Statistics on Growth of Prepaid

   


Ron Hynes
Group Executive
Global Prepaid Solutions

Ron Hynes is group executive, Global Prepaid Solutions at MasterCard Worldwide. In this role, is responsible for leading the development of prepaid programs around the globe that create a competitive advantage for MasterCard and its customers.

Prior to his current role, Hynes was group head, senior vice president of Global Prepaid Solutions, where he led the development of the MasterCard global prepaid product strategies, as well as overseeing the group’s product development initiatives.  In addition, he interacted regularly with the company’s prepaid customers helping them to build and implement their business and product strategies to capitalize on both short and long term opportunity, and to ensure customer objectives are incorporated into the planning at MasterCard.

Hynes also served as the head of Prepaid Product Development for the Americas Region for MasterCard.  In this role he worked with the US and LAC regions to develop long term strategic product plans to address the needs of the company and our customers.

Before joining MasterCard, Mr. Hynes helped shape the prepaid industry when he oversaw prepaid product and strategy at JP Morgan Chase/Bank One.  Here he initiated the first ever instant issue reloadable prepaid card to be sold at retail, as well as leading the integration of prepaid cards into payroll solutions.  At FSV Payment Systems, a leading prepaid processor in the US, Mr. Hynes oversaw the Business Development efforts.

Early in his career Mr. Hynes held positions of progressing responsibility in brand strategy and sales in the financial services and consumer packaged goods industries.  He began his career at Cadbury Schweppes, plc and also worked in business development at The Coca-Cola Company.

Mr. Hynes received his MBA from Northeastern University in Boston, Massachusetts and a B.A. in Business Administration from the University of Southern Maine.

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