March 18, 2011 01:20 PM Eastern Daylight Time
PURCHASE, N.Y.--(BUSINESS WIRE)--MasterCard Worldwide today announced that Ron Hynes has been appointed group executive, Global Prepaid Solutions, effective immediately.
As group executive, Global Prepaid Solutions, Hynes will be responsible for leading the development of prepaid programs around the globe that create a competitive advantage for MasterCard and its customers. Hynes replaces Laura Kelly who has voluntarily elected to pursue another opportunity.
Hynes, who was group head, Expert Sales, responsible for U.S. Markets Prepaid, Commercial and Public Sector, joined MasterCard in 2006. Prior to MasterCard, he served as executive vice president, Sales and Strategy at FSV Payment Systems where he was responsible for the strategic direction and overall sales/business development efforts for the Prepaid Debit solutions provider. Prior to FSV, he worked for JP Morgan Chase/Bank One as senior vice president, Prepaid Card Solutions.
About MasterCard Worldwide
As a leading global payments company, MasterCard Worldwide prides itself on being at the heart of commerce, helping to make life easier and more efficient for everyone, everywhere. MasterCard serves as a franchisor, processor and advisor to the payments industry, and makes commerce happen by providing a critical economic link among financial institutions, governments, businesses, merchants, and cardholders worldwide. In 2010, $2.7 trillion in gross dollar volume was generated on its products by consumers around the world. Powered by the MasterCard Worldwide Network – the fastest payment processing network in the world – MasterCard processes over 23 billion transactions each year and has the capacity to handle 160 million transactions per hour, with an average network response time of 130 milliseconds and with 99.99 percent reliability. MasterCard advances global commerce through its family of brands, including MasterCard®, Maestro®, and Cirrus®; its suite of core products such as credit, debit, and prepaid; and its innovative platforms and functionalities, such as MasterCard PayPass™ and MasterCard inControl®. MasterCard serves consumers, governments, and businesses in more than 210 countries and territories. For more information, please visit us at www.mastercard.com. Follow us on Twitter: @mastercardnews.
Contacts
MasterCard Worldwide
Media Relations: Joanne Trout, 914-249-6644
joanne_trout@mastercard.com
or
Investor Relations: Barbara Gasper, 914-249-4565
investor_relations@mastercard.com
Media Relations: Joanne Trout, 914-249-6644
joanne_trout@mastercard.com
or
Investor Relations: Barbara Gasper, 914-249-4565
investor_relations@mastercard.com
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