Mastercard named Vocalink CEO Paul Stoddart as its president of new payment platforms, starting March 1, in a company release.

Stoddart has been CEO after Mastercard acquired the firm in 2017. Stoddart, in his new role, will oversee Mastercard's development and integration of real-time payment capabilities, beyond traditional card payments These include Vocalink, the Homesend cross-border payments joint venture and Mastercard Send.

Stoddart succeeds David Yates, who will become a senior adviser on real-time national and cross-border payment strategies, according to the company.

"Paul's industry experience and deep immersion in the business makes him an ideal choice to drive the growth of our account-based payment activities," said Michael Miebach, chief product officer at Mastercard.

Stoddart originally joined Vocalink as managing director, responsible for strategy, corporate development and its U.K. and international products. He is a former president at Western Union and First Data International and also worked at Barclaycard, where he was responsible for mergers and acquisitions and asset disposal.