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

May, 2026
Javelin Report
The Virtual Economy: Five Forces Driving Virtual Card Adoption in 2026

2026 may prove to be an inflection point year for virtual cards as better data, embedded workflows, flexible pricing, and agentic orchestration improve execution, while macroeconom...

April, 2026
Javelin Report
2026 Commercial Payments Factbook

The 2026 Commercial Payments Factbook examines how macroeconomic risk, payment-rail adoption, and changing product mix are reshaping the U.S. B2B payments market. It combines scena...

April, 2026
Data Snapshot
Small Business Payments Acceptance and Preferences

There are plenty of ways to pay. Which payments are small businesses accepting? This report looks at acceptance patterns across in-store and online channels, showing where cards, c...

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