Mastercard Appoints Chad Wallace as Executive Vice President of B2B Solutions

Mastercard (NYSE: MA)  has announced that Chad Wallace has joined the firm’s Global Product and Engineering organization as Executive Vice President of B2B Solutions and “a member of the company’s Management Committee.”

He will oversee the firm’s commercial product offering, including its corporate travel and expense (T&E) management products, purchasing cards, virtual cards, B2B payments, and fleet card products, “with a focus on enabling the digital transformation of corporate payments across accounts payable, procurement and treasury.”

Craig Vosburg, Mastercard’s Chief Product Officer, stated:

“Chad is joining Mastercard at an exciting time where B2B and commercial solutions are essential in enabling the shift to a digital economy for corporates. Chad’s diverse leadership experience across the industry will provide significant value for our customers around the world. His digital products expertise, proven track record and high energy will support our continued focus to drive innovation in the B2B space.”

Chad joins Mastercard from Goldman Sachs, where he was “the Global Head of Digital for Transaction Banking within its Investment Banking division.”

In this role, he led the digital product and design organization responsible “for building the cash management offering inclusive of liquidity and payment solutions to support the launch of Transaction Banking in various markets around the globe.”

Before Goldman Sachs, he was the Head of Digital Experiences for the Commercial Bank at Capital One, where he “led a team responsible for migrating the treasury management digital experience to the cloud.”

Chad also previously “held leadership roles at TD Ameritrade, E*TRADE Financial, and SunTrust.”

He earned a B.A. in Business Administration at Sam Houston State University. Chad is “a passionate leader in the LGBTQ+ community with experience leading Diversity, Equity and Inclusion (DEI) programs to accelerate commercial opportunities, expand global partnerships, and assist partners in establishing their own DEI activities.”

As covered, Mastercard is a global tech firm  in the payments industry. Their mission is “to connect and power an inclusive, digital economy that benefits everyone, everywhere by making transactions safe, simple, smart and accessible.”

Using secure data and networks, partnerships and passion, their innovations and solutions “help individuals, financial institutions, governments and businesses realize their greatest potential.”

Their decency quotient, or DQ, drives their culture and everything they do “inside and outside of [their] company.”

With connections across more than 210 countries and territories, they “are building a sustainable world that unlocks priceless possibilities for all.”

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