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Tuesday, 13 March 2012 09:21
MasterCard names new Access Prepaid Worldwide president
Group executive for Integrated Processing Solutions also appointed

MasterCard has appointed Steve Grigg as president of its Access Prepaid Worldwide subsidiary.

The payment network has also appointed Cathy McCaul as group executive of Integrated Processing Solutions (IPS), MasterCard’s debit and prepaid processing platform.

Grigg has previously served as chief information officer at Travelex. MasterCard acquired the Travelex prepaid card program management business in 2011, renaming it Access Prepaid Worldwide. Before joining Travelex in 2008, Grigg was chief operating officer of Vocalink.

This newly created position will take effect in May 2012 and will report to Timothy Murphy, chief product officer, Core Products, MasterCard Worldwide. Grigg will be based in the United Kingdom.

McCaul has been appointed group executive responsible for leading MasterCard’s IPS business. The role will share dual lines of reporting to Gary Flood, president, Global Products & Solutions, MasterCard Worldwide and Rob Reeg, president, MasterCard Technologies.

McCaul joined MasterCard Worldwide in March 2008 and led the global Cardholder Solutions business. In July 2010, she was named group executive, Global Products & Solutions, U.S. Markets. Prior to MasterCard, McCaul held various leadership roles within the financial services and technology sectors.
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