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Mastercard's (MA) Management Presents at Evercore Payments and Fintech Innovators Conference (Transcript)

Mar. 06, 2020 2:22 PM ETMastercard Incorporated (MA)
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Mastercard Inc. (NYSE:MA) Evercore Payments and Fintech Innovators Conference March 5, 2020 10:40 AM ET

Company Participants

Paul Stoddart – President of New Payment Platforms

Conference Call Participants

David Togut – Evercore ISI

David Togut

Welcome back to Evercore ISI’s Fourth Annual Payments and Fintech Innovators Forum. I’m David Togut. I research the payments, processors and IT services industry for Evercore ISI. Delighted to have with us here today, Mastercard, Paul Stoddart, President of New Payment Platforms. Welcome, Paul.

Paul Stoddart

Thank you, David.

David Togut

Warren Kneeshaw, Head of Investor Relations; and Seth Pruss from Investors Relations as well. So welcome, gentlemen, and thanks for being a part of our conference. Just to kick things off, Paul, could you talk a little bit about your background and your current remit at Mastercard?

Paul Stoddart

Sure. Thank you, David. Lovely to be back. It’s a great conference, so I’m sure it will be again. I joined Mastercard through the acquisition of Vocalink. I have basically been for most of my career in banking with RBS and Barclays and at those two organizations within the sort of transaction bank, spent a bit of time with Worldpay and then at Barclays with Barclaycard. And so I kind of reformed my banking ways and moved into payments more specifically, which naturally really and then Vocalink and now Mastercard.

And really, the acquisition of Vocalink by Mastercard was the opportunity for Mastercard to expand beyond just the card space in payments, and it’s a very large space. And so Vocalink provided a good, quality asset to make that step for Mastercard. And so after leading the acquisition integration of Vocalink in to Mastercard, I then took on the role of President, New Payment Platforms. And the new payment platforms business is really the growth engine for that move by Mastercard into the

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