Payment solutions company TransCard has brought on John Haddock as its new chief financial officer today. Haddock is a graduate of the University of Tennessee-Knoxville and previously served as EVP and CFO for First Security Group and FSG Bank.

TransCard also expanded its leadership team by recruiting Ed Kelley as VP of financial institutions and Ann Evans as VP of corporate solutions.

Greg Bloh, president of TransCard, says of the appointments: “The wealth of knowledge John, Ed and Ann bring to the team puts TransCard in a great position to grow and expand our footprint within the financial and corporate disbursement industries.”

TransCard’s Paynuver simplifies payment disbursement by offering multiple payout options through a digital account. Its self-service portal and multiple payout options place the work into the hands of the recipient. The Tennessee-based company will debut Paynuver at FinovateSpring next week. Register today to be among the first to watch the live demo.

Cloud payment solutions company TransCard announced this week it will power payroll solutions for trucking-and-logistics company, U.S. Xpress.

As a part of the agreement, the 7,000 employees of U.S. Xpress will have access to virtual payment accounts through TransCard’s online funds disbursement platform Paynuver. The partnership will help U.S. Xpress remain compliant while offering its employees a choice on how they receive their wages.

Paynuver is a self-service portal that allows companies to manage a paperless payroll solution that lets employees choose how to receive payment. Options include ACH, check, or disbursement onto a prepaid card. TransCard rolled out the platform nationally in February, so the acquisition of 7,000 new customer accounts is a large growth spike for the company.

TransCard President Greg Bloh comments on the new alliance: “With this strategic [partnership], thousands of truck drivers and transportation workers will now be provided much-needed choice and convenience when receiving their payroll.” Bloh added that the deal would “further position the company for growth” as it “continue[s] to revolutionize the traditional payment model.”

TransCard will present its newest solution at FinovateSpring next month. Register today to be among the first to watch the live demo.