Full-Time

Senior Counsel

Franchise, Global Affairs, Compliance and New Customer Types

Posted on 1/16/2025

Mastercard

Mastercard

10,001+ employees

Facilitates secure digital payment transactions

Fintech
Financial Services

Senior, Expert

Company Historically Provides H1B Sponsorship

London, UK

Category
Legal
Risk & Compliance
Legal & Compliance
Required Skills
Blockchain

You match the following Mastercard's candidate preferences

Employers are more likely to interview you if you match these preferences:

Degree
Experience
Requirements
  • Law degree from a top-tier university
  • Professional experience in general commercial legal matters in a reputable international law firm and/or as in-house lawyer for a multinational company, preferably in the financial services, banking or technology sector
  • Must demonstrate strong leadership skills
  • Must have a strategic mindset and be able to effectively discuss with and advise executive level management regarding complex legal matters and challenging situations
  • Must be able to contribute and operate effectively within a diverse multicultural organization
  • Must be able to work independently
  • Must be thorough, meticulous and detail-oriented, but nevertheless able to prioritize and focus on the most important matters rather than just the urgent ones
  • Must be experienced with technology and have a strong interest in financial technology and information security issues, blockchain and artificial intelligence
  • Must have experience demonstrating substantive knowledge of, and ability to navigate issues that touch on, multiple areas of law, such as technology, privacy, security, commercial/transactional, regulatory, and competition law
Responsibilities
  • Provide legal support for review of new Mastercard Standards (e.g. Standard Review Board items, bulletins, announcements, product/services mandates) and variance requests
  • Provide legal guidance with respect to additional use cases of Mastercard’s standards/requirements (e.g. rules interpretation/compliance, modifications to existing rules, creation of new rules, etc.)
  • Understand the effects of regulation on our Franchise and how the rules have evolved to manage the effects while maintaining a globally interoperable system
  • Provide legal support for Franchise Service engagements
  • Support for the licensing/customer onboarding process and additional use cases
  • Provide legal support for customer non-compliance and enforcement issues
  • Provide legal support for Franchise Innovation engagements (e.g. open banking, CBDC/cryptocurrency/blockchain use cases)
  • Serving as the Franchise liaison in working with legal colleagues throughout the company (e.g. product, sales, regulatory, litigation, etc.)
  • Draft and negotiate a wide range of contracts (including complex technology agreements, and licensing and service agreements) in furtherance of Mastercard’s products and solutions
  • Work with Franchise Regional Leads in providing guidance for defining standards, requirements and outcomes and ensure regional/global strategic alignment of new and existing rules and strategies to drive long-term business growth and preserve the value and integrity of Mastercard's brand
  • Partner across the organization to shape and launch innovative products and solutions globally that differentiate Mastercard and meet our customers’ and cardholders’ rapidly changing needs
  • Provide some legal support to Global Affairs, Compliance and new customer types
  • Other general support for Franchise Global Lead Counsel
Desired Qualifications
  • Should have a positive “can-do” attitude, be stress-resistant and ready to go the extra mile, and be willing to take initiative
  • Should be team player who is both organizationally savvy and a strong communicator, and is able to collaborate cross-functionally and across regions
  • Should exercise good commercial judgement, be solutions-oriented and have a creative approach to problem-solving
  • Be able to think outside the box, and thrive in an environment where we expect the unexpected

Mastercard operates in the payments industry, focusing on building an inclusive digital economy. It connects individuals, financial institutions, governments, and businesses through secure data and networks. Mastercard facilitates transactions by charging fees to merchants and financial institutions for processing payments. It serves a wide range of clients across over 210 countries and territories, aiming to make transactions safe, simple, and accessible. The company leverages partnerships and technology to promote growth and sustainability. A key aspect of Mastercard's culture is its decency quotient (DQ), which guides its operations and interactions.

Company Size

10,001+

Company Stage

M&A

Total Funding

$9M

Headquarters

Harrison, New Jersey

Founded

2007

Simplify Jobs

Simplify's Take

What believers are saying

  • Mastercard's growth in tokenization and commercial payments shows strong market demand.
  • The company's partnerships enhance its ability to streamline checkout experiences.
  • Mastercard's stock performance reflects positive investor sentiment and consumer spending trends.

What critics are saying

  • Legal battles over interchange fees could impact Mastercard's revenue streams.
  • Increased fraud attempts may necessitate more robust fraud prevention measures.
  • Demand for one-click checkout solutions pressures Mastercard to innovate rapidly.

What makes Mastercard unique

  • Mastercard leverages secure networks to connect global financial institutions and businesses.
  • The company focuses on creating an inclusive digital economy through innovative technologies.
  • Mastercard's decency quotient (DQ) drives its internal and external operations.

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Benefits

New Parent Leave

Inclusive Family Building Benefit

Employee Family Resource Program

Bereavement Leave

Dependent Scholarship

Employee Assitance Fund

Business Resource Groups

Employee Recognition

Flexible Work

Tuition Assistance

Travel Assistance

Matching Charitable Gifts

Company News

PYMNTS
Feb 8th, 2025
78% Of Us Emerchants Want Tech Upgrades To Improve Checkout Experience

Middle-market merchants are focusing on improving the checkout experience to better serve customers and improve conversion rates. According to a PYMNTS Intelligence report, “U.S. Merchants Want Help From PSPs on Make-or-Break Checkout to Boost Conversion,” in collaboration with Mastercard, which surveyed 300 middle-market eCommerce merchants in five countries (Australia, Brazil, UAE, U.K., and the U.S.) highlighted challenges in checkout user experience, which merchants prioritize over payment processing back-end issues. U.S. merchants expressed a strong demand for technology solutions, especially one-click checkout options, to streamline the process and increase conversion rates

PYMNTS
Feb 7th, 2025
Report: 60% Of Uk Merchants Request One-Click Checkout

For online merchants — no matter in which country they operate, no matter what they are selling — there are two sides to what might be called the eCommerce coin. There’s the user experience on one side, which leads to conversion. Then there’s the other side of the merchant/customer interaction, as they move through the checkout process and complete the purchase. Through a series of reports with Mastercard, PYMNTS delved into the checkout experience and new technologies and partnerships that serve to boost conversion rates. Prakriti Singh, senior vice president, network and digital payments, EEMEA, and Agnes Woolrich, senior vice president, Customer Solutions Center, U.K. and Ireland, both of Mastercard, offered insights in an interview with PYMNTS into how their markets are illustrative of new approaches to securing and streamlining the checkout process

PYMNTS
Feb 6th, 2025
Mastercard And Truist Explore Fraud And The Economy’S Three S’S

Instant gratification rules today’s theater of commerce, and businesses shouldn’t be letting fraud get in the way by slowing down transactions. From seamless tap-to-pay interactions at local coffee shops to online checkouts that rival the brevity of a haiku, immediacy has worked to position itself as the defining KPI of both payments and the customer experience. Yet, with great speed can often come significant vulnerability. To unpack the realities of the contemporary landscape where convenience, speed and security often dictate consumer expectations, PYMNTS sat down with Adam Lowe, PhD, chief product and innovation officer at Arculus/CompoSecure; Rohit Chauhan, EVP, AI Fraud Solutions at Mastercard; and Chris Ward, head of enterprise payments at Truist to understand the strategies and opportunities businesses have as they race to both create seamless payment experiences and defend against what’s next in fraud

PYMNTS
Feb 3rd, 2025
Ecommerce Merchants In The Land Down Under Turn To Psps For Fraud Expertise

For merchants the world over, the bid to improve eCommerce checkout — boosting sales as a result — is a bit of a tightrope walk. It’s critical to balance the desire to let more transactions through with the risks of doing so. After all, fraudsters have proven to be increasingly clever in defrauding those same merchants, posing as legitimate customers

PYMNTS
Feb 3rd, 2025
Ce 100 Index Adds 0.9% As Visa And Mastercard Lead Payments Names Higher

The CE 100 Index was boosted this past week by the Pay and Be Paid sector. As is always the case as the first few weeks of the year unfold, quarterly results drove investor sentiment and stock prices. Earnings from Visa and Mastercard were key drivers in the segment, with positive commentary and data on consumer spending. As a result, the pillar was up 2.5%.Payment Networks Weigh In. Mastercard’s stock gathered 4.8%

PYMNTS
Jan 31st, 2025
What Earnings Season Reveals About The B2B Payments Opportunity

It’s a new year, and that means it’s a new quarter. One that could signal a new era of digital transformation for B2B payments. Across earnings calls and investor discussions, executives from major players in financial services and FinTech consistently pointed to a rising appetite for efficiency in B2B transactions. The themes emerging from these conversations reflect a strategic shift. Businesses are looking to digitize outdated, paper-based processes, reduce costs and improve working capital management. Across all payment flows, Visa CEO Ryan McInerney said on his company’s first-quarter conference call with analysts that Visa’s quarterly volume of about $4 trillion was being driven by the shift to digital payments, which now account for more than 60% of volume

PYMNTS
Jan 30th, 2025
Mastercard Sees Growth In Tokenization And Commercial Payments

Mastercard’s fourth-quarter earnings results showed that consumers still rely on their cards for everyday spending — and beyond the resilient consumer, tens of trillions of dollars in commercial payments beckon. A presentation released Thursday (Jan. 30) in tandem with the earnings report indicated that worldwide gross dollar volumes were up 12% year on year to $2.6 trillion. Drilling down into specific markets, the United States GDV was up 9% to $793 billion. Within that figure, spending on debit cards surged by 10.7%, outpacing, at least for the quarter, the 7.8% gain in credit card spending

PYMNTS
Jan 29th, 2025
With Illinois Interchange Ban Under Injunction, Banks And Merchants Await Next Move

A battle in Illinois over interchange fees could influence other states to decide whether these fees should be reshaped or banned. Banks charge each other interchange fees to cover the processing costs of credit and debit card payments. When a consumer buys goods or services with a card, the merchant gets the remaining amount of the transaction excluding the interchange fees. Illinois’ Interchange Fee Prohibition Act was signed into law in June and was slated to come into effect in July, but a federal judge ordered a preliminary injunction of the law in December

PYMNTS
Jan 29th, 2025
Mastercard Teams With Bmo And Porter Airlines On Travel Rewards

Mastercard, BMO and Porter Airlines have launched a rewards program for Canadian travelers. The new BMO VIPorter Mastercard suite is set to roll out to Canadians in spring 2025, the companies announced Wednesday (Jan. 30). “Today’s consumer demands new offerings to bring them closer to their passions, including travel,” Diane Miquelon, senior vice president for financial institutions at Mastercard, Canada, said in a news release

PYMNTS
Jan 29th, 2025
Travel Ledger Integrates Revolut To Facilitate Travel Industry B2B Payments

Travel Ledger now enables travel businesses in the United Kingdom and Europe to use Revolut’s banking services to automatically settle B2B payments with partners directly through the Travel Ledger platform. The capability comes from a new integration of Travel Ledger’s industry-specific B2B billing and settlement capabilities with Revolut Business accounts, Travel Ledger said in a Wednesday (Jan. 29) press release. “We’ve listened to requests from [small- to medium-sized businesses (SMBs)] seeking a banking solution that consolidates their financial needs while still benefiting from the automation that Travel Ledger provides,” Travel Ledger CEO Roberto Da Re said in the release. “This is a significant step toward our vision of making Travel Ledger an integral tool within the business banking ecosystem of the travel industry.”

PYMNTS
Jan 22nd, 2025
Tico Manufacturing Partners With Trevipay To Offer Credit Program

Terminal tractor manufacturer Tico Manufacturing has partnered with TreviPay to launch a new program that enables Tico to offer buyers in the U.S. and Canada a credit line with 30-day net terms.The program, Tico Charge, also includes an online portal that offers payment tracking, consolidated invoicing and spend controls, the companies said in a Wednesday (Jan. 22) press release.“Our partnership with TreviPay will help ensure our customers have positive purchasing experiences,” David Hough, senior director product support at Tico, said in the release. “As a B2B payments expert, TreviPay’s trusted technology will cement TICO’s place as a reliable and high-quality manufacturer at all stages of the buyer journey.”TreviPay, a B2B payments and invoicing network, enables suppliers like Tico to offer B2B buyers invoicing and preferred payment methods, according to the release.Tico Charge allows approved buyers to immediately begin spending on credit and receive a single, centralized invoice, per the release. Later versions of the program will add eInvoice integrations.These offerings help Tico’s customers, who are dealers and fleet services, reduce the burdens of manual invoicing and reconciliation, the release said.“With the demands of an increasingly global market, there is a need for efficiency in business payments for suppliers to maintain a competitive advantage,” TreviPay CEO Brandon Spear said in the release. “Incorporating A/R automation tools and offering preferred payment methods will enhance operational performance and ensure positive, loyalty-building experiences in manufacturing.”In another partnership announced in June, TreviPay said it will provide payments and invoicing solutions to a program offered by HDA Truck Pride, an independent provider of parts and services to the commercial vehicle aftermarket.TreviPay’s B2B payments and invoicing network enables the service providers participating in the FUSE National Account Program to offer invoicing and commercial payment terms to the fleets they serve.In January 2024, TreviPay partnered with Mastercard to add a Universal Acceptance solution to its B2B payments and invoicing network.This solution aims to expand supplier access to TreviPay’s payments and invoicing technology, allowing them to offer net terms or trade credit financing, as well as SKU-level invoicing, to business buyers.For all PYMNTS B2B coverage, subscribe to the daily B2B Newsletter

PYMNTS
Jan 21st, 2025
Cairo Amman Bank Taps Mastercard Move To Facilitate Cross-Border Payments

Cairo Amman Bank will leverage Mastercard Move’s money movement capabilities to facilitate the movement of funds from Jordan to 37 countries.The bank will also incorporate Mastercard value-added services like fraud analytics and risk control, the companies said in a Thursday (Jan. 16) press release.“We aim to address existing challenges in cross-border payments and seize opportunities through innovative solutions,” Cairo Amman Bank CEO Kamal Al-Bakri said in the release. “The collaboration with Mastercard will empower us to elevate our payment capabilities and reinforce our position in Jordan’s financial sector.”Mastercard Move, which is Mastercard’s portfolio of money movement capabilities, powers personal payments, disbursements, business payments and other payment experiences, according to the release.It provides access to more than 95% of the world’s banked population, per the release.“Our partnership with Cairo Amman Bank will be instrumental in bringing convenient and secure cross-border payment solutions to Jordan,” Adam Jones, division president, West Arabia, Mastercard, said in the release. “Together with Cairo Amman Bank, we will provide local businesses and consumers with the confidence needed to navigate today’s global market and allow them to transact internationally with ease.”Mastercard said in November that it is collaborating with Arab regional payment system Buna to drive faster, cheaper and more transparent cross-border payments in the Middle East and North Africa (MENA) region.The partnership brings together Mastercard Move’s money transfer capabilities and extensive network with Buna’s cross-border payment system to facilitate cross-border payments into and out of the MENA region.In October, the company teamed up with Citi to enable cross-border payments to Mastercard debit cards in 14 receiving markets across Europe, Asia, Africa, Latin America and U.S. domestic transfers, with plans to expand it further in the future.The collaboration leverages Citi’s WorldLink Payment Services and Mastercard Move’s money transfer capabilities.Mastercard also partnered with Verituity to enable near real-time payments for commercial banks and payers by integrating Mastercard Move with Verituity’s payments platform.Verituity’s cloud-based, white-labeled payments platform connects banks, businesses and payees to verified payouts and intelligent “pay-by-anything” experiences, allowing payers to offer a customized payout experience that lets payees receive payments the way they want

PYMNTS
Jan 20th, 2025
Uk Consumer Group Launches Business Bank Account Product Ratings

British independent consumer group and rating provider Fairer Finance has added new business bank account product rankings designed to help small businesses. The group now offers ratings for more than 30 product types, including insurance, banking and credit products, Fairer Finance said in a Monday (Jan. 20) press release emailed to PYMNTS. The new business banking product rankings are designed to ease a process that can be time consuming and confusing, especially for new entrepreneurs, Fairer Finance Managing Director James Daley said in the release

PYMNTS
Jan 17th, 2025
Mastercard: It Takes A Village To Improve The Online Checkout Experience

Checkout is the last mile in commerce, representing the critical moments of decision-making that can make or break a sale — and by extension, merchants’ fortunes. Joint research from PYMNTS Intelligence and Mastercard in the “Online Merchant Checkout Innovation Report” found that more companies encounter trouble with their checkout processes than with payments processing. It’s a global issue, illustrated in the pain points experienced by merchants in the United States and four other markets surveyed by PYMNTS Intelligence, including Australia, Brazil, the United Arab Emirates and the United Kingdom. Six in 10 middle-market firms said they struggled with the user experience during checkout online. Mastercard’s Jennifer Macrae, senior vice president of global digital channel enablement, and Sukhmani Dev, senior vice president of North America digital product management, said the problem is acute enough that more than three-quarters of merchants are looking for ways to streamline checkout to boost sales conversions

PYMNTS
Jan 16th, 2025
Synchrony Gives Customers Access To Apple’S Pay Later

Synchrony is giving certain customers access to the Pay Later feature of Apple Pay. The offering lets customers pay according to the standard terms of their credit card or use a promotional offer that includes fixed monthly payments, Synchrony said in a Thursday (Jan. 16) press release. The program is open to eligible members of the Synchrony Preferred Mastercard, Synchrony Plus World Mastercard, or Synchrony Premier World Mastercard programs, according to the release

PYMNTS
Jan 16th, 2025
Retail And Food Services Sales Grow 3.9% Yoy In December

Retail and food services sales in the United States grew in December.They increased 0.4% compared with November and 3.9% compared with December 2023, according to advance estimates released Thursday (Jan. 16) by the Census Bureau.December’s gains followed November’s month-over-month gain of 0.8% and year-over-year gain of 4.1%.Compared to November, 11 of the 14 categories of businesses included in the report saw sales gains in December.Those making the biggest gains were miscellaneous store retailers, up 4.3%; sporting goods, hobby, musical instrument and book stores, up 2.6%; and furniture and home furnishings stores, up 2.3%.Nonstore retailers — which include eCommerce merchants and other retailers operating outside of fixed point-of-sale locations — saw a gain of 0.2% in December compared with November.The three categories that saw month-over-month declines were building material and garden equipment and supplies dealers, down 2%; food services and drinking places, down 0.3%; and health and personal care stores, down 0.2%.Total sales for the full year of 2024 were up 3% from 2023, according to the Census Bureau’s advance estimates.Commenting on the Census Bureau data, National Retail Federation (NRF) Chief Economist Jack Kleinhenz said in a Thursday press release that the figures for core retail sales during the holiday season “clearly underscored the solid growth in the U.S. economy.”Holiday season core retail sales — which the NRF calculated based on Census Bureau data for Nov. 1 through Dec. 31, excluding automobile dealers, gasoline stations and restaurants — were up 4% compared with 2023, the organization said the release.“The spending pace was back to pre-pandemic growth and indicates a good start for the year ahead,” Kleinhenz said in the release.Target announced Thursday that it raised its sales guidance after seeing record post-Thanksgiving sales. The retailer said it now anticipates an approximately 1.5% increase in fourth-quarter comparable sales after earlier projecting flat growth.“Compared with its third-quarter sales trends, the company saw a meaningful acceleration in discretionary categories during the holiday timeframe, most notably in apparel and toys, and saw continued strength in beauty and frequency categories,” Target said in a press release.Mastercard said Dec

PYMNTS
Jan 15th, 2025
Freedompay Teams With Mastercard To Bolster International Commerce

Commerce technology firm FreedomPay has launched a partnership with Mastercard. The collaboration, announced Monday (Jan. 13), is designed to give businesses a “simplified and extended global payment gateway solution,” while also streamlining their ability to connect with acquirers and accept a broader array of payment methods. “The complexity of navigating diverse payment systems across borders can hinder the growth of international commerce,” Chris Kronenthal, FreedomPay’s president, said in a news release. “By joining forces with Mastercard, we are breaking down these barriers and empowering merchants with a single, unified platform for seamless global transactions.”

MarketScreener
Jan 13th, 2025
Mastercard Expands its Operations in West Africa with Opening of First Office in Accra, Ghana

Mastercard expands its operations in West Africa with opening of first office in Accra, Ghana.

PYMNTS
Jan 10th, 2025
Blockchain Interoperability Hits The Right Note For Crypto Payments

As the news Thursday (Jan. 9) that FV Bank is expanding its stablecoin capabilities via a partnership with PayPal underscores, businesses need a blockchain strategy. The problem? At a technical and business level, certain blockchain applications remain cramped by interoperability. At their core, blockchain payments like stablecoins are built on intricate systems composed of various layers, from the underlying distributed ledger technologies to smart contracts, APIs and user-facing applications

Forbes
Jan 7th, 2025
How Businesses Can Leverage The United Nations For Economic Growth

Developing markets like Africa’s offer business prospects for the private sector while benefitting. [+] the UN’s most vulnerable stakeholders. Building financial infrastructure is a prime example of such opportunities. (Photo by Michael M. Santiago/Getty Images)Getty Images. The United Nations has a PR problem in the private sector

PYMNTS
Jan 3rd, 2025
Surge In Brick-And-Mortar Commerce Will Spur Pos Innovation

Call it a renaissance for brick-and-mortar commerce. The rebound of in-store browsing and buying may scarcely seemed imaginable just a few years ago, in the midst of the pandemic, where it seemed that clicking on the buy button was here to stay as, really, the only option to get what we needed and wanted. But now, as 2025 settles in and post-holiday shopping data rolls in, it’s become clear that there’s value in the tactile shopping experience, though it’s being fine-tuned with digital features. That means that merchants will need to examine their point-of-sale (POS) experiences and technologies so that commerce can happen at any point in the (literal) aisles, where customers can use their preferred payment options and embedded financing can appear at the right time

PYMNTS
Jan 3rd, 2025
This Week In Web3 Innovation: Crypto Policies, Payments And Stablecoins

It finally happened. In 2024, bitcoin topped $100,000, capping off a year of growing mainstream adoption and technological innovation. Will 2025 bring cryptocurrency fans similar good fortune? Certain experts think bitcoin, the first cryptocurrency, could double its record-high valuation and reach $200,000. But bitcoin’s rise is just one chapter in the ongoing story of cryptocurrency’s evolution and the blockchain industry’s maturation. The future of digital assets is not just about price points and market caps — it’s about how these Web3 technologies are working to reimagine digital finance and commerce on a global scale

PYMNTS
Jan 2nd, 2025
Global Live Events Industry Focuses On Biometrics In 2025

Biometrics are increasingly being adopted for use at sports and other live events. The technology is being used to enhance ticketing, credentialing, and sales of concessions, merchandise and alcohol, BiometricUpdate.com reported Tuesday (Dec. 31). The report cited examples of solutions being deployed by companies and leagues in the United States, Europe and Latin America

INACTIVE