When it comes to payments, bank CIOs hear a different tune in each ear: Embrace emerging channels, yet achieve cost certainty. For Josh Peirez, who became MasterCard's first head of innovative platforms about eight months ago, there's opportunity in that tug of war, as the card firm develops or acquires new payments technology.

MasterCard created Peirez's position to provide a special focus on fast emerging payments technology and platforms, including P2P, mobile, iPhones, BlackBerrys and other advancements, such as inControl, that increase user control. Peirez has also served as Mastercard's chief payment system integrity officer and as group executive for global public policy, where he testified against price control legislation and antitrust exemptions to lower costs for payment card acceptance.

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