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 MasterCards 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 MasterCards 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 MasterCards 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.

Media Contacts
MasterCard Worldwide
Joanne Trout , 914.249.6644

MasterCard Worldwide
Chris Monteiro , 914.249.5826