Mark Herrington
President
First Data Global Prepaid Service

Mark Herrington is president of Global Prepaid Services for First Data Corporation. In this role, Mark is responsible for overall P&L performance for First Data’s global prepaid product offerings including open and closed loop gift, general purpose re-loadable, processing and program management, as well as EFS Transportation.

Prior to leading Global Prepaid Services, Mark was most recently president of Money Network, a majority owned First Data company that was co-founded by Mark in 2001. Money Network was founded on the belief that companies could decrease costs associated with paper payroll checks while providing their employees with a mainstream financial services alternative. Under the leadership of Mark and his team, Money Network experienced a compound annual growth rate (CAGR) of over 80% since inception.

Mark brings 18 years of successful experience in high growth, technology-focused environments. Prior to Money Network, he was executive vice president of the Americas for i2 Technologies, a Dallas, Texas-based enterprise software provider. During his seven years with i2, the company grew from $8 million in revenue to $1.1 billion. Before i2, Mark spent eight years in sales and sales management positions with McCormick & Associates, American Software and Oracle Corporation.

Considered a prepaid industry expert, Mark has been quoted in numerous media outlets and has been a presenter at some of the industry’s leading tradeshows and conferences.
He is also a member of the board of directors for Emerge Memphis, which provides
financial and management support for early stage companies. Mark earned a bachelor’s
degree from the University of Memphis

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