MasterCard Names Antonio Ferri to Newly Created Position of Group Executive of Enterprise Architecture

ST. LOUIS, April 9 (AllPayNews) -- MasterCard Worldwide today announced the appointment of Antonio "Tony" Ferri to the newly created position of group executive of Enterprise Architecture. Based at the company's Global Technology and Operations (GTO) headquarters in St. Louis, Ferri takes on responsibility for information technology effectiveness and efficiency, as well as ensuring technology structure is in line with overall business strategy.

Ferri will direct the MasterCard IT roadmap, ensuring that the company's technology and operations capabilities are aligned with its business strategies. He also will oversee components of the software development lifecycle and continue the implementation of advanced processes to improve business and IT operations. He will manage and work with IT business partners, suppliers and vendors critical to the success of the MasterCard computing infrastructure.

"Tony Ferri is an industry veteran. He has extensive knowledge of IT and operations as well as deep understanding of the critical importance of technology in driving our business. His experience will be invaluable in helping to ensure that MasterCard stays at the forefront of leadership and innovation in the growing market of electronic payment processing," said Rob Reeg, president of MasterCard GTO.

Ferri comes to MasterCard GTO with nearly 30 years of experience leading information technology and other corporate organizations in solving high-impact business problems, achieving operational excellence and setting strategic direction.

"I am extremely pleased to be joining the award-winning team of MasterCard IT professionals. Unlike most companies, where information technology is a support function, at MasterCard innovative IT is fundamental to the business - from network operations, to payment processing, to differentiated software solutions for its financial institution customers and on to the company's tremendous data warehouse," Ferri said.

Ferri joins MasterCard from Dante Consulting, where he was a senior consultant. Ferri earlier served as chief development officer and chief enterprise architect at PriceWaterhouseCoopers with responsibility both for U.S. and European territories. He also held senior IT positions at several leading companies including Verizon, AT&T Telecommunications and Sprint Telecommunications. Ferri received a bachelor's of science degree in electrical engineering from the University of California at Los Angeles.

About MasterCard Global Technology and Operations

From its headquarters in O'Fallon, Mo., MasterCard Global Technology and Operations manages its operations in 210 countries and territories. For approximately 24,000 financial institutions, the MasterCard Worldwide Network in 2008 processed 21 billion transactions with a gross dollar volume of $2.5 trillion. The MasterCard network has the capacity to handle 140 million transactions per hour with an average network response time of 140 milliseconds and 99.999 percent network availability.

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 approximately 21 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 www.mastercard.com.

SOURCE MasterCard Worldwide