PURCHASE, N.Y. – MasterCard Worldwide on Thursday announced the launch of MasterCard Labs, a new global research and development arm aimed at bringing new payment solutions to market with greater speed than before.
Garry Lyons will serve as group executive heading the new incubator. Lyons will be responsible for building payment advancements and leveraging enhanced time-to-market capabilities to drive innovations through conceptualization, proof of concept, pilot, and support commercialization, in order to deliver additional value to customers and consumers. The company said Lyons will assemble a globally diverse research and development team tapping into the broad knowledge of MasterCard payment experts and technologists worldwide.
Lyons previously served as the CEO of Orbiscom. Prior to MasterCard’s acquisition of Orbiscom in December 2008, Lyons was responsible for defining strategy and the overall executive management of Orbiscom. With Orbiscom since its inception in 1999, he has experience in the software and financial services industries, primarily focused on the technology and business development aspects of deploying complex large scale systems to global financial services institutions.
