Finovate Alumni News

On Finovate.com

  • BankBazaar Receives $30 Million in Funding Round Led by Experian.
  • Feedzai Secures $50 Million in New Funding.
  • BlueVine Lands $130 Million in Debt Financing.
  • Sensibill Brings Receipt Management to Royal Bank of Scotland’s Business Banking Customers.

Around the web

  • Entersekt hires Sherif Samy as SVP for North American operations.
  • Visa and Billtrust team up to streamline B2B payment reconciliation and support automation of virtual card payments.
  • PayPal announces Vemno is now payment option at more than two million U.S. retailers.
  • Narrative Science wins Microsoft Office 2017 App Award for Best Business Value.
  • TransCard partners with ExpenseAnywhere to Deliver Automated Payment Process Management Solutions.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

On Finovate.com

  • TASCET Teams with Secured2 to Launch Algo5 Data Security Offering.
  • NYMBUS Launches Digital-First Banking Platform, NYMBUS SmartDigital.

Around the web

  • Mastercard and PayPal expand partnership to Canada, Europe, LatinAm, Caribbean, the Middle East and Africa.
  • Affirmative Technologies partners with TransCard to provide electronic payment processing for SMBs.
  • FICO introduces new payment card fraud detection models.
  • Arxan receives ISO 13485 certification.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

TransCard Brings on New CFO Ahead of FinovateSpring Demo

TransCardHomepage52016

HaddockPayment 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.

TransCard to Provide Payroll Solutions for U.S. Xpress Employees

TransCardHomepage

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.

FinovateSpring Sneak Peek: TransCard Payments

TranscardHomepage

FS2016-wdateA look at the companies demoing live to 1,500+ fintech professionals May 10 & 11. Register today.

TransCard Payments’ Paynuver simplifies payment disbursements, yet provides options to the recipient. By enabling a payment through a virtual account, Paynuver supports both new and traditional payment methods.

Features:

  • Enhanced payment process with the addition of workflow, attachments, & digital signatures.
  • Self-service portal gives payee access to various payment methods.
  • Technology ensures payment compliance.

Why it’s great
By simplifying the payment process for the payer, whether it be an FI or corporation, Paynuver helps increase efficiency & lower payment costs by putting the work into the hands of the funds recipient.TCardPresenter1

Presenters

  • Greg Bloh, president
    Backed by 27 years of management, consulting and investment experience across a number of key sectors, Greg is passionate about developing technology to reduce headaches for businesses and individuals.
    LinkedInTCardPresenter2
  • Chris Fuller, chief revenue officer
    Chris serves as TransCard’s chief revenue officer overseeing customer service, sales and marketing; he has been intimately involved in the company’s upward trajectory and overall strategic growth.
    LinkedIn

Finovate Alumni News

On Finovate.com

Check out today’s FinovateSpring 2016 Sneak Peek posts:

Around the web

  • Wipro names PayPal executive Patrick Dupuis at its latest board member.
  • Tradeshift announces partnership with Chinese taxation services provider, Baiwang.
  • Bank of Ceylon upgrades core accounting processing platform and front-end teller system with technology from Fiserv.
  • Lending Club joins Millennium Alternative Investment Network.
  • Rage Frameworks deploys traceable “deep learning” tech, Rage AI.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.