How they describe themselves: TransCard is a fintech company that specializes in providing innovative account-based payment solutions to financial institutions, corporations and governments throughout the U.S. Its funds disbursement and management platform takes the regulatory, time and cost burdens off payers, while providing payees secure, self-service options for receiving their money. Unlike traditional players in the space, TransCard is both a processor and program manager affiliated with more than 250 sponsor banks. Their customers benefit from the company’s extensive support services, reporting capabilities and advanced tools to help their customers ensure regulatory compliance.
How they describe their product/innovation: Paynuver simplifies payment disbursements, yet provides options to the recipient. By enabling a payment through an account, Paynuver enhances the payment process with the addition of workflow, attachments, and digital signatures supporting both traditional payment methods, as well as new ones. Corporations can create virtual payment accounts through Paynuver, make payments to those accounts, manage payments with payment verification and history, and reconcile payments. When the payer loads funds to the payment account, the payee then has the option to move those funds to various payment methods including ACH, virtual accounts, prepaid cards, or a traditional method like a check.
Product distribution strategy: Direct to Business (B2B), through financial institutions
Bus. Dev.: Greg Bloh, President, firstname.lastname@example.org, 423-553-5244
Press: Michelle Yandre, Leverage PR, email@example.com, 512-502-5833
Sales: Chris Fuller, Chief Revenue Officer, firstname.lastname@example.org, 423-553-5370