
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: SUNDAY, October 17, 1993                   TAG: 9310170125
SECTION: VIRGINIA                    PAGE: E2   EDITION: STATE 
SOURCE: The New York Times
DATELINE:                                 LENGTH: Short

MASTERMIND OF MASTERCARD DIES AT AGE 70

John J. Reynolds, the developer of the Mastercard, died on Thursday at Winthrop-University Hospital in Mineola, N.Y. He was 70, and had lived in Garden City, N.Y.

Reynolds died of heart failure, said his daughter, Dianne Reynolds.

A native of the Bronx, N.Y., Reynolds served in an Army engineer and supply unit in Belgium during World War II, then became a clerk with the First National City Bank of New York, which later became Citibank. He worked his way up to assistant vice president by 1957, then vice president four years later.

In 1967, he was named a senior vice president in charge of all domestic branches. In that capacity, he was responsible for coordinating the development of Citibank's Everything Card, later renamed the Mastercharge Card.

In 1979, Reynolds oversaw the reformulation of Mastercharge into Mastercard, a move made to account for the card's expanding functions.

by CNB