People on the Move: Ed McLaughlin, Mastercard
Mastercard has named Ed McLaughlin president, operations and technology. In the role, McLaughlin will oversee all of Mastercard’s technology functions, including its global network, processing platforms, information security and technology operations. For the past 16 months, McLaughlin has served as the company’s chief information officer, directing development efforts for products and services, implementing the IT digital road map, and managing the development of Mastercard’s global tech hubs.
McLaughlin joined Mastercard in 2008, and in 2010 was named chief emerging payments officer, leading the development and launch of the company’s digital strategy, partnerships and platforms, including Masterpass. Prior to joining Mastercard, McLaughlin led product and strategy at Metavante, a financial services technology company, and was co-founder and CEO of Paytrust, an online payments company acquired by Metavante in 2002.
In his new role, McLaughlin succeeds Rob Reeg, who will move to a consulting role reporting to Ajay Banga, president and CEO, Mastercard, and will help to ensure a smooth transition through Oct. 1, 2017.