Hugh Thomas

Lead Analyst, Commercial & Enterprise

Hugh Thomas has worked in payments for more than 20 years, focusing on strategy, data modeling, consulting, and product development, with a particular emphasis on commercial payments, treasury optimization, and fintech solutions. Hugh has worked with banks and financial institutions across North America, South America, Europe, and Asia, helping them navigate the evolving payments landscape.

Before joining Javelin, Hugh was Vice President, Global B2B Platforms at Mastercard Data & Services, where he led the development and rollout of Global Treasury Intelligence (GTI), a platform designed to help businesses optimize commercial card and treasury strategies. Hugh also led the development of Mastercard B2B Insights, a market benchmarking platform designed to help issuers grow their commercial cards businesses.

As a delivery consultant for Mastercard Advisors, Hugh has worked with dozens of issuers on more than 100 consulting projects, running the gamut from market entry strategy to portfolio optimization.

Prior to Mastercard, Hugh managed commercial card sales and optimization for CIBC and consulted for U.S. banks on commercial card program optimization.

Hugh holds a B.A. from the University of Manitoba, and is based in Toronto Canada. 

Latest Insights

June, 2025
Javelin Report
The Virtual Economy: Measuring Buyer Industry Receptiveness to Using Virtual Cards

Virtual cards are a fast-growing force in business-to-business payments, but adoption remains uneven across buyer industries. This report analyzes 147 U.S. industries using a compo...

May, 2025
Impact Note
AI in Commercial Payments: Do Payables Bots Dream of Dynamic Discounts?

AI’s transformative effects are becoming evident in how businesses source and buy things. The growing use of AI—predictive, generative, and agentic—across the source-to-settle valu...

May, 2025
Impact Note
Bots in the Back Office: Agentic AI and Commercial Payments

Agentic artificial intelligence stands to reshape commercial payments, from sourcing to settlement. Accordingly, banks, enterprise resource planning providers, and fintechs would b...

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