NXT-ID, a biometrics company focused on the growing m-commerce market, has elected former MasterCard executives Lawrence Flanagan and Ken Moy to its newly formed board of directors. The appointments align with the company's roll-out and 2014 launch of the Wocket, a next generation biometrically secure wallet.
"We are honored and excited to have two luminaries of the card payment world on our advisory board," said Gino Pereira, CEO of NXT-ID. "Their experience is invaluable to our future prospects and growth for The Wocket. We look forward to growing our advisory board in the next few months with equally talented and experienced individuals."
Since January 2013, Flanagan has served as president of New Tech Haven, which he also founded, and was formerly the executive dean at the University of New Haven College of Business. Prior to his career in academia, he spent nearly three decades in corporate America as an executive at MasterCard, Procter & Gamble and L'Oréal.
As the global chief marketing officer at MasterCard, he managed a $1.5 billion budget, directed marketing strategies in more than 50 countries and helped launch the company's "Priceless" advertising campaign. He also established strategic partnerships with Major League Baseball, the PGA Tour and Champions League soccer in Europe and was part of the executive team that spearheaded MasterCard's initial public offering in 2006.
Flanagan, who is a former national co-chair of the CMO Collective, is active with Save the Children and previously served on the University of New Haven's board of governors. He is on the advisory boards of Visitdays.com and Fraud.net.
Moy was formerly SVP and group head of U.S. emerging payments at MasterCard. He led the execution of the company's digital conversion strategy and managed all aspects of product development and a diverse set of existing products, including online and offline payments, authentication solutions, spending controls and alerts services. He launched MasterPass, the firm's digital wallet solution, achieving more than 25,000 online merchants and wallet distribution with more than 20 financial institutions.
Moy led an exclusive agreement with Google, Citibank and First Data to launch Google Wallet, the first commercially available mobile payment solutions. He also led an exclusive agreement with Intel for access to embedded technology in Intel PCs to deliver enhanced security and user experience for electronic e-commerce.
Prior to his nearly 14-year career at MasterCard, Moy spent 10 years at Citibank where he held a range of leadership roles in the firm's payment cards and wholesale banking businesses.
He was a Smart Card Alliance board member from 2004-2010 and is a frequent industry speaker and commentator. Presently, Moy is president of Harvest Advisors, a provider of strategy, business development and implementation advice to start-ups and technology solution providers in the developing commerce space, which he founded.