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Former Mastercard exec to become head of Wells Fargo Merchant Services

Colleen Taylor will become the head of Wells Fargo & Co.'s Wells Fargo Merchant Services, LLC.

In her new role, Taylor will be responsible for the direction and management of the merchant services business and a joint venture with Fiserv Inc.

Taylor most recently was executive vice president at Mastercard Inc. and has previously worked for Capitol One, JPMorgan and Chase Manhattan Bank.