Mastercard announced a realignment of its teams centered on three interdependent areas of Core Payments, Commercial & New Payment Flows and Services.
(Image Source)
MastercardMastercard today announced a realignment of its teams centered on three interdependent areas of Core Payments, Commercial & New Payment Flows and Services. These changes will enable further alignment to accelerate growth and deliver value for stakeholders.
“These changes will reinforce our strategy and competitive advantage to drive long-term growth, diversify our revenue streams and differentiate our products and solutions. Our teams will be able to execute faster and deliver more value to our partners and customers,” said Michael Miebach, Chief Executive Officer.
Jorn Lambert will lead Core Payments as Chief Product Officer. Core payments are the foundation of the company and the focus of the team will be on the delivery of seamless and secure payments. This includes core payments, products and platforms as well as the company’s comprehensive Real-Time Payments capabilities. This also includes innovation in acceptance, consumer value propositions and optimization capabilities among other areas.
Raj Seshadri will lead Commercial & New Payment Flows as Chief Commercial Payments Officer. Payment and data flows beyond consumer card payments represent a scalable opportunity. This includes commercial cards (SME, T&E, Purchasing, Fleet, Virtual), B2B accounts payables and receivables, non-carded bill payments, remittances and disbursements. It will also include the company’s solutions for the healthcare industry.
Craig Vosburg will lead Services as Chief Services Officer. Services will integrate offerings from the company’s current Cyber & Intelligence, Data & Services and Open Banking teams to maximize impact, growth and the value we bring to customers. Managing fraud, risk and cybersecurity and growing through insights, analytics, and loyalty programs are universal needs. Vosburg will also oversee a newly formed Data and AI organization, led by Greg Ulrich as Chief AI and Data Officer, that will include commercialization for both internal and external applications, and the governance of these functions across the entire enterprise.
Ajay Bhalla will be retiring after more than 30 years with Mastercard. We would like to thank him for his contributions and many years of service.
These leadership changes are effective immediately, while the rest of the organizational transition is effective May 1.
Source: Mastercard
Disclaimer: Press release
© Press Release 2025
Send us your press releases to news@globalloyalty.org
Press releases originate from external third-party providers. This website does not have responsibility or control over its content, which is presented as is, without any alterations. Neither this website nor its affiliates guarantee the accuracy of the views or opinions expressed in the press release.
The press release is intended solely for informational purposes and does not offer tax, legal, or investment advice, nor does it express any opinion regarding the suitability, value, or profitability of specific securities, portfolios, or investment strategies. Neither this website nor its affiliates are liable for any errors or inaccuracies in the content, nor for any actions taken based on it. By using the information provided in this article, you agree to do so at your own risk.
To the maximum extent permitted by applicable law, this website, its parent company, subsidiaries, affiliates, shareholders, directors, officers, employees, agents, advertisers, content providers, and licensors shall not be liable to you for any direct, indirect, consequential, special, incidental, punitive, or exemplary damages, including but not limited to lost profits, savings, and revenues, whether in negligence, tort, contract, or any other theory of liability, even if the possibility of such damages was known or foreseeable.
The images used in press releases and articles provided by 3rd party sources belong to the respective source provider and are used for illustrative purposes in accordance with the original press releases and publications.
Disclaimer: Content
While we strive to maintain accurate and up-to-date content, Global Loyalty Organisation Ltd. makes no representations or warranties of any kind, express or implied, about the correctness accuracy, completeness, adequacy, or reliability of the information or the results derived from its use, not that the content will meet your requirements or expectations. The content is provided “as is” and “as available”. You agree that your use of the content is at your own risk. Global Loyalty Organisation Ltd. disclaims all warranties related to the content, including implied warranties of merchantability, fitness for a particular purpose, non-infringement, and title, and is not liable for a particular purpose, non-infringement, and title, and is not liable for any interruptions. Some jurisdictions do not allow the exclusion of certain warranties, so these jurisdictions may not apply to you. Global Loyalty Organisation Ltd. Reserves the right to modify, interrupt, or discontinue the content without notice and is not liable for doing so.
Global Loyalty Organisation Ltd. shall not be liable for any damages, including special, indirect, consequential, or incidental damages, or damages for lost profits, revenue, or use, arising out of or related to the content, whether in contract, negligence, tort, statute, equity, law, or otherwise, even if advised of such damages. Some jurisdictions do not allow limitations on liability for incidental or consequential damages, so this limitation may not apply to you. These disclaimers and limitations apply to Global Loyalty Organisation Ltd. and its parent, affiliates, related companies, contractors, sponsors, and their respective directors, officers, members, employees, agents, content providers, licensors, and advisors.
The content and its compilation, created by Global Loyalty Organisation Ltd, are the property of Global Loyalty Organisation Ltd. and cannot be reproduced without prior written permission.
