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MasterCard’s Ed McLaughlin Named CIO

MasterCard has some changes in its leadership team aimed at evolving two of the company’s business units: Global Products and Solutions, and Operations and Technology.

First, Ed McLaughlin, MasterCard’s Chief Emerging Payments Officer, has been named Chief Information Officer and will take over the role on Jan 1. He has served in his current role for five years, where he led the development and launch of digital platforms like MasterPass, the MDES digital token program and P2P payments.

“We’ve been able to leverage our technology and know-how across the globe, putting meaningful products in the hands of our customers and cardholders,” said Rob Reeg, President of MasterCard Operations and Technology. “Ed’s appointment to this critical role allows us to build on a strong foundation, while maximizing the valuable talent we already have in the company.”

McLaughlin originally joined MasterCard in 2005 as head of bill payment and health care. He later served as chief franchise development officer before assuming his current role. Previously, McLaughlin led product and strategy at Metavante and was a co-founder and CEO of Paytrust, an online payments company.

Also starting Jan. 1, Garry Lyons, Chief Innovation Officer, will lead the Digital Payments and MasterCard Labs organizations. In that role he will be responsible for consolidating the development and delivery of emerging digital payments solutions. In 2010, Lyons led the launch of MasterCard Labs, the company’s global research and development arm focused on payments innovation.

Other changes include Raja Rajamannar, Chief Marketing Officer, who will take on more communications responsibilities. He will also explore new business opportunities in various sectors. Chris Monteiro will become chief communications and digital marketing officer, reporting to Rajamannar.

“These moves will drive tighter integration across the organization allowing us to enhance our product offering and brand experiences in an increasingly digital world,” said Gary Flood, President of Global Products and Solutions, MasterCard.

To check out what else is HOT in the world of payments, click here.

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