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Andrew Ong to Lead Global Person-to-Person (P2P) Payments at MasterCard Worldwide New Role Demonstrates Company's Commitment to Building Leadership Position in Priority Business Segment

PURCHASE, N.Y., May 10, 2010 (BUSINESS WIRE) -- MasterCard Worldwide today announced that Andrew Ong has been appointed Group Head, Global Person-to-Person (P2P) Payments , a role that will bolster MasterCard's mission to advance global commerce in a way that makes life easier for consumers.

Based in Singapore, Andrew brings a depth of experience in the P2P space and will be a key driver in advancing MasterCard's leadership in payment services through the company's MoneySend(TM) platform. He will be responsible for identifying and evaluating new P2P payment solutions that will continue to displace cash and check payments and will help in growing MasterCard's overall transaction processing and gross dollar volume.

Prior to joining MasterCard, Andrew held several key positions at Western Union, General Electric, IBM and Hewlett Packard. In his most recent position at Western Union, Andrew served as Regional Vice President and Managing Director in their North Asia region and board member of the Western Union Foundation. Andrew was also a key member of the Executive Committee for Western Union's APAC region. He provided strategic direction for a team of 38 professionals across the region to acquire, grow and retain business in China, Japan, Korea, Mongolia, Taipan, Hong Kong and Macau.

"We are excited for Andrew Ong to join our Innovative Platforms team as we continue to build MasterCard's innovation profile with solutions that meet the needs of the global marketplace." said Joshua Peirez, Group Executive, Innovative Platforms for MasterCard. "His well-rounded experience for the world's leading technology and money transfer companies will even better enable MasterCard to bring innovative P2P solutions to market intelligently and efficiently giving consumers around the world a better way to exchange funds." Ong holds an MBA from Golden Gate University, Graduate Diploma in Marketing Management from the Singapore Institute of Management and received his B.A. from the University of British Columbia.

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 www.mastercard.com. Follow us on Twitter: @mastercardnews.

Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=6283625&lang=en SOURCE: MasterCard Worldwide CONTACT: MasterCard Worldwide Media Relations: Erica Harvill, 914-249-6848 erica_harvill@mastercard.com or Investor Relations: Barbara Gasper, 914-249-4565 investor_relations@mastercard.com Copyright Business Wire 2010 -0- KEYWORD: United States

North America

New York INDUSTRY KEYWORD: Professional Services

Banking

Finance SUBJECT CODE: Personnel

Photo/Multimedia