MasterCard Worldwide is reorganizing its mobile-payments effort and team, planning to focus on what it calls “digital convergence,” with the aim of “enabling every connected device to be a commerce device,” NFC Times has learned.
The payments network is promoting its group head for emerging payments in Europe, Jorn Lambert, to a newly created post of group executive for digital convergence, sources told NFC Times. MasterCard has released the changes and titles internally.
The new digital convergence effort would take in MasterCard’s PayPass Wallet Services initiative, a program that appears to have made little headway in the market. Digital convergence would combine PayPass Wallet Services with NFC mobile payment, mobile apps and security, sources said.