Mozido Snags Executive From MasterCard

Austin-based Mozido, which develops mobile payment, loyalty, and related software, said yesterday that it has hired on a former MasterCard executive at the company. Mozido said it appointed Ron Hynes, former Executive Vice President of Global Prepaid Solutions at MasterCard Worldwide, as its new President Global Markets. Mozido said Hynes will oversee operations in the United States, Latin America, the Middle East, Africa, India, China and Asia Pacific. The hire comes several months after a giant funding round worth $185M<, which happened to come from MasterCard, in addition to Wellington Management, and some high profile angels.