Well for one thing, the path of the ball as shown is confusing. The picture's frame of reference is the balls initial velocity, and the the ball is slowing down (drag) and curving to the right (lift).
Also, the Bernoulli reference about faster moving air is mis-leading. It's not the speed of the air, but what causes the change in speed.
It's easier to understand what's going on if a no-wind air is used as the frame of reference, since this is what a person will observe, a ball moving through still air. Using the same picture, but with the air as the frame of reference, the ball would be moving upwards through still air. The left side of the ball accelerates the air upwards more than the right side of the ball, and combined with the air's momentum, the resistance to this acceleration results in higher pressure on the left side of the ball than on the right, which accelerates the air to the left (outwards), with a reaction force that curves the ball to the right (inwards), corresponding to "lift". Air is also being accelerated upwards (relative to picture), with a downwards reaction force corresponding to "drag".
Link to updated gif:
http://jeffareid.net/misc/pingpong.gif