|
|
||||||||||||||||||
 | ||||||||||||||||||
| ||||||||||||||||||
|
|
||||||||||||||||||
|
Lowest
Cost of Living Among Top 20 Metro Areas |
 |
|
 |
May 4, 2010 MasterCard plans new research labs in O'Fallon By Joe Scott MasterCard Worldwide's O'Fallon location will be one of four sites to host a new research and development initiative. The credit card company will invest "tens of millions per year" on people and resources through the company's new research arm, called MasterCard Labs, according to Bank Systems and Technology, a banking industry publication. The O'Fallon site serves as the company's Global Technology and Operations headquarters. Other sites to receive the labs are in Singapore, Dublin and Purchase, N.Y., the company's global headquarters. "With the launch of MasterCard Labs, MasterCard will create a robust global virtual team to execute our vision for the future of payments," Rob Reeg, president of Global Technology and Operations for MasterCard Worldwide, said in a statement released to the Journal Thursday. "The team will include creative development engineers and programmers who know how to turn an idea into something that can be quickly and effectively brought to market and scaled to meet the diverse needs of cardholders around the globe," Reeg said. Reeg said MasterCard will build the new team using a mix of internal resources, vendors and new hires. He said he couldn't provide specifics on timing or number of new hires in the St. Louis area, but the new positions would be posted online as needed. The company also announced Garry Lyons would oversee MasterCard Labs. |
||||
