Vocalink CEO Paul Stoddart is to move across to parent company Mastercard to take up a new role as president, new payment platforms.
In his new position, Stoddart will oversee the development and strategic integration of Mastercard’s real-time payments capabilities beyond traditional card-based services, including Vocalink account-based payments, the Homesend joint venture and Mastercard Send.
He takes over from David Yates, who is being moved into an "advisory role" focused on real-time national and cross-border payments strategies.
Michael Miebach, chief product officer of Mastercard, says: “Paul’s industry experience and deep immersion in the business makes him the ideal choice to drive the growth of our account- based payment activities. In his role as CEO of Vocalink, he has created momentum across the business, renewing relationships with key customers and expanding our infrastructure activities to new markets. We’ll now build on that foundation to deliver the technology and support needed for an expanded world of payments.”
In 2017, Stoddart was named chief executive officer of Vocalink following the company’s acquisition by Mastercard. He originally joined Vocalink in July 2012 following stints at Barclaycard and RBS Worldpay.
He takes up his new position on 1 March.