Ex-Mastercard exec to head Early Warning's digital wallet

James Anderson, a longtime Mastercard executive who left the card network a year ago to pursue other opportunities, will lead development of EWS's digital wallet set to roll out in the second half of this year. 

EWS this week said the yet-unnamed digital wallet will streamline the online checkout process by enabling consumers to make credit and debit card purchases by entering an email or phone number on a merchant's website. Through Zelle, its five-year-old peer-to-peer payments app, EWS has tens of millions of consumers' up-to-date payment credentials on file.

Anderson worked nearly 15 years at Mastercard, where he rose to executive vice president of commercial and B2B solutions and oversaw development of Mastercard's tokenization service, which encodes credit card numbers for secure online commerce. After leaving the card network, Anderson headed his own business-advisory firm. Last year he also briefly served as a board member at the digital payments fintech Dwolla.

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"Early Warning is working closely with financial institutions to build a wallet that provides consumers a secure and easy way to pay … and better business outcomes for merchants, including higher transaction approval rates and more completed sales," Anderson said in a post on Early Warning's blog.