More than 130 new technology jobs are to be created at MasterCard’s new technology operations, which will be headquartered in Dublin. The highly skilled jobs will be created with IDA Ireland support.
Recruitment has already commenced. MasterCard has had an office in Dublin since 2008. It acquired Orbiscom in 2009 for US$100m.
Since then, Dublin has grown to house a number of key technology divisions for the global card giant.
Dublin is already one of the four key locations for MasterCard Labs, the company’s research and development function tasked with fast-tracking innovative products and services to bring them to market quickly. MasterCard Labs is headed up globally by Garry Lyons, the former CEO of Orbiscom and MasterCard’s chief innovation officer, who is based in the Dublin office.
The Dublin office has been designated as MasterCard’s Center of Excellence for Java development, one of the predominant programming languages for e-commerce, mobile and other emerging payment technologies.
MasterCard’s inControl platform team will also be based in the Dublin office. MasterCard inControl is a key product that MasterCard offers to help customers and cardholders set custom controls on usage of their credit, debit and prepaid cards, offering improved insights on how and where their cards are used.
“At our core, MasterCard is a technology company that happens to be in the payments space,” said Rob Reeg, president, MasterCard Technologies.
“Our focus as a company is on offering innovative, game-changing technologies that offer mass appeal for our global customers and cardholders. We’re confident that this larger office in Dublin, as well as the new technology team members that we plan to hire, will help further our technology agenda and innovation vision.”
The Dublin team will work collaboratively with other MasterCard office locations, particularly the MasterCard Technologies headquarters office in St Louis, Missouri, USA.
“MasterCard chose Ireland as a place to expand our presence because, from our vantage point, we see consumers moving toward a world beyond cash, shopping and paying for the things that matter to them in ways that best fit their needs and lifestyles with a simple tap, click or touch in-store, online or on a mobile device,” said Reeg.
“We are pleased to make this investment in Ireland, which builds on our existing presence. The calibre of highly qualified, talented people and the Government’s commitment to science, technology and innovation gave us confidence that this was the ideal setting for our new global technologies office.”
Welcoming the announcement, Barry O’Leary, CEO of IDA Ireland, said: ‘’MasterCard’s decision to locate a global office in Dublin, with the creation of approximately 130 new jobs, is most welcome news.
“The global technologies office will meet the requirements of the rapidly growing area of payments. This announcement is in keeping with IDA’s focus on targeting technological investments in the financial services sector, which is a key growth area,” O’Leary added.