6 February 2012, London, UK MasterCard Europe today announced the appointment of Marion King as President of its UK and Ireland business. King will join on 12th March and report to Javier Perez, President of MasterCard Europe.

King will focus on growing the payments industry in the UK and creating a cashless society through MasterCard’s innovative approach to everyday payments, including emerging technologies such as contactless and mobile. She will also look to consolidate MasterCard’s leadership position in credit through partnership programmes, including Priceless London, which reward cardholders for choosing to use MasterCard.

Perez commented on the appointment:

“I’m delighted to welcome Marion to MasterCard at an exciting time for the UK market. Her proven track record of transforming businesses and driving growth will be invaluable as we continue to build new partnerships and innovative technologies that transform the way consumers pay in a world beyond cash.”

King was previously CEO of VocaLink, a payments service provider to banks, corporations and governments, with operations across the UK and Europe. Prior to this, she held a series of senior roles at Reuters Plc spanning a 14 year period in Europe and Asia, most recently as Managing Director for Global FX Transaction Services.

King said:

“I’m excited to be joining MasterCard to lead a key market at a time when our industry faces both great opportunities and challenges. I’m looking forward to working with the talented team in the UK to build on their achievements and to deliver the next generation of safe, simple and smart payments that make life easier for consumers.”

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Notes to Editors:

For further information, please contact:

Rose Beaumont, Senior Vice President, Group Head, Communications, MasterCard Europe

Tel: +44 (0)7725 219970, rose_beaumont@mastercard.com

Doyel Maitra, Head of Communications, MasterCard UK & Ireland

Tel: +44 (0)7912 579087, doyel_maitra@mastercard.com

About MasterCard Worldwide:

MasterCard (NYSE: MA) is a global payments and technology company. It operates the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Learn more at mastercard.com, follow us on Twitter @mastercardnews or join the conversation on The Heart of Commerce Blog.