Craig Vosburg

Chief Services Officer, Mastercard

Search every verified Craig Vosburg interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. In August 2019, Mastercard president Craig Vosburg discussed the company's partnership with Goldman Sachs and Apple to introduce the Apple Card. Vosburg described the card as a "digital-first" product that utilizes Mastercard's technology to create a new consumer experience, aligning with how consumers who identify with the Apple ecosystem live their lives. He highlighted security features such as the absence of a printed number on the card and the use of tokenization, where card credentials are scrambled into a code recognizable only by Mastercard and Goldman Sachs, allowing compromised credentials to be deactivated if used elsewhere. Vosburg stated that increased transparency and awareness for consumers regarding their financial affairs is a positive development, noting Apple's integration of payment information into the phone's operating system. He also commented on the U.S. economy, saying consumers continue to spend, supported by low unemployment and high consumer confidence, with retail spending growing 3.2 percent in the second quarter of 2019. When asked about interest rates, Vosburg said Mastercard does not set rates or earn income from interest, as that is managed by banks.