MasterCard has promoted Debra Janssen to managing director of its Access Prepaid Worldwide subsidiary. This subsidiary, which was acquired from Travelex, manages consumer and corporate prepaid travel cards for banks, retailers, travel agents and foreign exchange bureaus. Janssen is adding this responsibility to her former duties as group executive, Integrated Processing Solutions at MasterCard, where she already oversees debit and prepaid card processing. Janssen replaces Mark Horgan, who is leaving Access Prepaid Worldwide to join UK-based retailer Sainsbury.
Prior to joining MasterCard in 2009, Janssen served as executive vice president of EFT Processing Services for Fidelity Information Services, a global payments processor. Prior to Fidelity Information Services, Janssen held the position of president of Debit Services Group and the STAR Network at First Data Corporation, where she oversaw the debit and ATM processing business for more than 6,000 financial institutions.
"We are extremely excited to have Debra expand her current role and take on the mantle of leadership within the Access Prepaid Worldwide team," said Timothy Murphy, chief product officer, Core Products, MasterCard Worldwide. "Debra brings to the group an impressive background and experience within the prepaid market, and has had extensive involvement with the Access team through her leadership of IPS, which forms a critical component of the Access offering. Supported by a strong team with deep, global expertise in prepaid program management, she will lead our efforts to grow and execute on our business objectives and strategic vision."
In April, MasterCard completed the acquisition of the prepaid Card Program Management operations of Travelex, and rebranded it Access Prepaid Worldwide. Access Prepaid Worldwide is allowing MasterCard to shape the future of prepaid by playing a greater role in the value chain to support issuers and partners, especially outside of the U.S. and in the cross-border payments space where there is opportunity to displace cash and traveler's checks.