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Mastercard (MA) Presents at Evercore ISI Payments and FinTech Innovators Forum Conference (Transcript)

Mar. 08, 2018 6:27 PM ETMastercard Incorporated (MA)
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Mastercard, Inc. (NYSE:MA) Evercore ISI Payments and FinTech Innovators Forum March 8, 2018 11:00 AM ET


Warren Kneeshaw - Investor Relations

Ed McLaughlin - President of Operations and Technology


David Togut - Everycore ISI

David Togut

Welcome to Evercore ISI Second Annual Payments and FinTech Innovators Forum. I’m David Togut, I research the payments processors and IT services industry stacks here at Everycore ISI. We’re really delighted to have with us today Mastercard management joining me here up on stage, Ed McLaughlin, President of Operations and Technology; and here in the audience Warren Kneeshaw. Welcome Ed and welcome Warren. Glad to have you here today.

Just to start off, Ed is President of Operation and Technology for Mastercard. Can you tell us a little bit about your role and what’s responsible for?

Ed McLaughlin

Absolutely, and that may actually influence some of the conversations we’re doing here. So, Operations and Technology, we’re responsible for pretty much everything Mastercard does. We run world's fastest, most reliable payment network. We’re certainly proud of the fact that you can get on the plane, if they are flying, land anywhere in the world and your Mastercard is going to work. That’s what we do. So, the core network, the value added services, we run technology for the Company. That’s the operation side.

The technology side is what we built. So, the development of those projects, the advancement we have, taking concepts to scale, so all of the engineering teams are also part of operations and technology. So, when you think about Mastercard as a technology company, I'd like think the people and operations and technology are the beating heart of that organization.

One of the quick things, just how I got there today because I know this usually comes up. I was actually part

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