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Carlos Menendez to Lead Global Debit at MasterCard Worldwide
Appointment Indicates Continued Focus on Global Debit Business Growth
Purchase, NY, July 12, 2010 -
MasterCard Worldwide today announced that Carlos Menendez is joining the company as Group Executive, Global Debit, effective September 1, 2010. Menendez will have global responsibility for innovation, commercialization and development of go-to-market strategies for the portfolio of MasterCard debit products around the world, including Debit MasterCard, Maestro and Cirrus brands.
“We are excited to have Carlos join us in our mission to deliver innovative and compelling debit solutions to the global marketplace,” said Tim Murphy, Chief Product Officer, MasterCard Worldwide. “Consumers continue to choose debit as their preferred method of payment and financial management, replacing cash in countries around the world. With extensive consumer banking experience spanning Europe, the Middle East and the Americas, Carlos will enhance our global perspective and lead MasterCard’s future debit growth.”
Prior to joining MasterCard, Menendez held a number of positions at Citigroup, where his career spanned over 14 years. Most recently he was Chief Operating Officer for Western Europe, responsible for a full range of consumer banking products across four European countries.
Menendez holds a BA from Harvard University, an MA in International Studies from the University of Pennsylvania and an MBA from The Wharton School.
About MasterCard Worldwide
MasterCard Worldwide advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. As a franchisor, processor and advisor, MasterCard develops and markets payment solutions, processes over 22 billion transactions each year, and provides industry-leading analysis and consulting services to financial-institution customers and merchants. Powered by the MasterCard Worldwide Network and through its family of brands, including MasterCard®, Maestro® and Cirrus®, MasterCard serves consumers and businesses in more than 210 countries and territories. For more information go to www.mastercard.com. Follow us on Twitter: @mastercardnews.
“We are excited to have Carlos join us in our mission to deliver innovative and compelling debit solutions to the global marketplace,” said Tim Murphy, Chief Product Officer, MasterCard Worldwide. “Consumers continue to choose debit as their preferred method of payment and financial management, replacing cash in countries around the world. With extensive consumer banking experience spanning Europe, the Middle East and the Americas, Carlos will enhance our global perspective and lead MasterCard’s future debit growth.”
Prior to joining MasterCard, Menendez held a number of positions at Citigroup, where his career spanned over 14 years. Most recently he was Chief Operating Officer for Western Europe, responsible for a full range of consumer banking products across four European countries.
Menendez holds a BA from Harvard University, an MA in International Studies from the University of Pennsylvania and an MBA from The Wharton School.
About MasterCard Worldwide
MasterCard Worldwide advances global commerce by providing a critical economic link among financial institutions, businesses, cardholders and merchants worldwide. As a franchisor, processor and advisor, MasterCard develops and markets payment solutions, processes over 22 billion transactions each year, and provides industry-leading analysis and consulting services to financial-institution customers and merchants. Powered by the MasterCard Worldwide Network and through its family of brands, including MasterCard®, Maestro® and Cirrus®, MasterCard serves consumers and businesses in more than 210 countries and territories. For more information go to www.mastercard.com. Follow us on Twitter: @mastercardnews.