MasterCard and Smart Hub, Inc. Appoint Tara Nathan to Lead Global Joint Venture

PURCHASE, N.Y., Jul 29, 2010 (AllPayNews) -- MasterCard Worldwide today announced that Tara Nathan has been named Chief Executive Officer of the joint venture recently launched with Smart Hub, Inc., effective July 26.

Headquartered in Singapore, Ms. Nathan will be responsible for the global innovation and commercial development of the MasterCard Mobile Payments Gateway, an open mobile payment processing platform designed to facilitate mobile payments for consumers around the world, particularly important in emerging economies for consumers who currently do not have access to modern forms of commerce. She will also oversee the first launch scheduled in Brazil with Itau Unibanco and Redecard, along with mobile network operator Vivo.

"Tara brings a wealth of experience in the global payments arena and we look forward to her joining the team," said Josh Peirez, Chief Innovation Officer for MasterCard. "Her experience in banking and emerging markets is invaluable as we work to grow our mobile payments services around the world."

Most recently, Nathan headed Citigroup's Citicards cross-sell business, where her career spanned seven years. Nathan also brings extensive global experience, having spent 7 years in the U.S. Foreign Service in Taiwan, Japan and China.

Ms. Nathan earned a BSFS from the Georgetown School of Foreign Service and an MBA from The Wharton School of Business.

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(R), Maestro(R) and Cirrus(R), MasterCard serves consumers and businesses in more than 210 countries and territories. For more information go to Follow us on Twitter: @mastercardnews.

SOURCE: MasterCard Worldwide

Erica Harvill, 914-249-6848