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Tim Morris VP Security Risk Mngmnt. in Asia/Pac.

MasterCard Appoints Tim Morris as Vice President & Regional Head for Security & Risk Management in Asia/Pacific

Singapore, 1 April 2004 ¡V MasterCard International today announced the appointment of Tim Morris as vice president & regional head for Security & Risk Management, Asia/Pacific, based in Singapore.

In this position, Mr Morris will be responsible for strategizing and spearheading the development of innovative technologies and solutions to help MasterCard member financial institutions in Asia/Pacific manage risks and enhance their fraud control. He will also work closely with law enforcement agencies to combat payment card crime, as well as work with government institutions to provide support in aid of legislation for card fraud.

Morris has extensive national and international experience in operations, risk and project management, as well as change management. Prior to joining MasterCard, Morris was with the Australian Federal Police for 18 years, most recently as Director National Investigations and more recently Counter Terrorism. He created a new counter terrorism division in the force and led the Australian contribution to the successful investigation into the bombings in Bali.

While with the Australian Federal Police, he was a member of the Prime Minister¡¦s business task force on critical infrastructure protection and a member of the inter-governmental committee on identity fraud.

Morris, an Australian national, is also recognized as an expert by the United Nations for his work on money laundering. He holds a Bachelor of Social Science (Justice Administration) degree from Australia¡¦s Charles Sturt University in New South Wales, and has a Graduate Certificate in Business from Monash University in Melbourne. He was recently awarded the Order of Australia for his leadership of the Bali bombing investigation.

About MasterCard International

MasterCard International is a leading global payments solutions company that provides a broad variety of innovative services in support of our global members¡¦ credit, deposit access, electronic cash, business-to-business and related payment programs. MasterCard International manages a family of well-known, widely accepted payment cards brands including MasterCard„µ, Maestro„µ and Cirrus„µ and serves financial institutions, consumers and businesses in over 210 countries and territories. The MasterCard award-winning Priceless„µ advertising campaign is now seen in 96 countries and in 47 languages, giving the MasterCard brand a truly global reach and scope. For more information go to www.mastercardinternational.com.

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