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At Mastercard, we’re working together to create a future that’s seamless, secure, and inclusive. Ed McLaughlin, President and Chief Technology Officer uses this mindset to transform the business to lead through technology. The Technology organization at Mastercard is responsible for a broad set of capabilities including security, markets & localization, technology risk, architecture and more. Ed focuses on rapid and strategic modernization efforts to strengthen current customer services, and anticipates and mitigates future challenges while diversifying Mastercard’s offerings.
Trust and security are at the core of Mastercard as a network. While strengthening current customer experiences, Ed is spearheading Mastercard’s efforts to proactively mitigate the future risks related to quantum computing that could impact the security of the billions of digital transactions we process daily around the globe. In anticipation of such developing security threats, Ed and the Technology team are testing solutions in Quantum Key Distribution to securely distribute encryption keys in different locations at the same time.
Ed has also led Mastercard's upgrade of its global payment network to embrace a blend of cloud and edge computing technologies. The new modernized network, when available, will allow new customer experiences, drive revenue growth through faster product delivery and integration and improve operational efficiency by onboarding new customers quicker.
Technology helps us innovate and it is core to what we bring to our customers across payments, services and new networks. Ed’s team supports developing all sorts of products and solutions including Mastercard Access. Mastercard Access is a suite of solutions providing ease of access for all payment network connectivity and value-added services needs, and Ed’s team leveraged Mastercard’s secure technology to a non-traditional customer segment. Through this new service, Mastercard is now touching more transactions than ever before and helping protect the entire payment ecosystem, bringing security and peace of mind along with a seamless transaction experience. [REDACTED FOR PUBLICATION]
Through his leadership, Mastercard is changing the way technology is used to create value in the financial industry and beyond. Apart from championing Mastercard’s continued innovations in technology, Ed also focuses on building a sustainable and inclusive future of work. Ed embodies the idea that any good tech strategy is a people strategy at heart – and his commitment to this idea is reflected by the 90% of Mastercard employees reporting that “they are proud to work” for the company. As a champion for talent, Ed empowers people to both improve what exists and build what’s next.
What the Technology teams at Mastercard create today shapes what our world looks like tomorrow – and the team strives to make everyday life happen for everyone, everywhere. With Ed’s technology leadership, Mastercard is working to create a future that’s seamless and secure, with systems that never fail for a world that never stops. Defining a tomorrow that’s more connected and more inclusive than today.
Nomination Title: Ed McLaughlin, President and Chief Technology Officer
