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Mastercard integrates physical, digital payments teams

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Mastercard integrates physical, digital payments teams

Mastercard Inc. announced the integration of its physical and digital payments teams under one organization, effective April 2, as Chief Innovation Officer Garry Lyons departs the company to launch a new technology initiative closely aligned with Mastercard.

Lyons will leave June 1 to launch a new outside venture that will provide services to Mastercard, its partners and customers. He will remain a senior adviser to the company's management committee.

Michael Miebach, chief product officer, will lead the newly formed products and innovation team, bringing core products, digital payments, Mastercard Labs and processing activities together.