LONDON, November 21, 2013 /PRNewswire/ --
Former Division President for Central Europe at MasterCard joins DataCash
MasterCard has today announced that Andrea Scerch has been appointed President of DataCash, in charge of providing strategic direction and leadership of the company, and will be based in the UK.
DataCash was acquired by MasterCard in 2010, and is a key driver of MasterCard's e-Commerce strategy and digital convergence solutions globally, allowing the company to provide new services to acquiring customers and drive increased e-Commerce penetration in both existing and new markets via merchant and technology based partners.
Previously Andrea held the position of Division President for Central Europe at MasterCard. He will contribute his experience to provide management for MasterCard's global end-to-end gateway processing solutions organisations - DataCash Group Companies and MasterCard Internet Services (DataCash MiGs), as well as DataCash's Fraud and Risk Management Tools.
Cathy McCaul, President, Global Processing at MasterCard said, "We are delighted to welcome Andrea as President of DataCash. He brings a wealth of valuable experience in the development of complex business solutions within Europe and beyond. He is an excellent fit to help take DataCash to the next level of success as it becomes an integral part of MasterCard's Global Processing Group."
Prior to joining MasterCard Europe in 2005, Andrea served as an associate principal with McKinsey & Company in Milan, Italy. At McKinsey, he worked with large pan European retail banks leading strategic projects on key business topics.
Andrea holds an MBA from INSEAD in Fontainebleau, France and has a degree in Economics and Business Administration from La Sapienza University of Rome, Italy.
Andrea Scerch will replace Ajay Bhalla who takes on a larger role in MasterCard.
Founded in 1996, DataCash Group Ltd (part of MasterCard Incorporated) provides multi-channel global payment processing services and advanced fraud prevention and risk management solutions to merchants and banks. As a global partner to some of the world's most recognisable brands in the gaming, travel, retail and finance sectors, DataCash combines smart thinking and an end-to-end solution to help its customers transcend the complexities and expense associated with payment processing.
Advanced technology from DataCash enables customers to accept and process payments in over 177 currencies, from over 45 brands across e-commerce, m-commerce channels and cardholder present channels - with the security and confidence of tools tailored to meet exacting and expanding business needs. DataCash customers protect their brand and reputation, enhance end-user experience and capitalise on new global market opportunities.
MasterCard (NYSE: MA), http://www.mastercard.com, is a technology company in the global payments industry. We operate the world's fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard's products and solutions make everyday commerce activities - such as shopping, traveling, running a business and managing finances - easier, more secure and more efficient for everyone. Follow us on Twitter @MasterCardNews, join the discussion on the Cashless Pioneers Blog and subscribe for the latest news on the Engagement Bureau.
Press contact: Felicity Main Edelman for DataCash Felicity.Main@edelman.com +44-(0)20-3047-2481