PaymentsJournal
No Result
View All Result
SIGN UP
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
PaymentsJournal
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
No Result
View All Result
PaymentsJournal
No Result
View All Result

Executive Spotlight Series with Greg Bloh from TransCard

By Greg Bloh
March 9, 2016
in Executive Spotlight
0
0
SHARES
0
VIEWS
Share on LinkedIn

Can you give our readers a summary of what TransCard is and its role within the payments industry?
TransCard is a fintech company that specializes in providing innovative cloud-based payment solutions to financial institutions and corporations. Supporting more than 250 issuing banks and more than 1,500 corporate clients across the U.S., our SaaS funds disbursement and management platform has evolved from traditional prepaid products to a self-service platform, providing payees options as to how and when they want to receive their money. We operate as both a program manager and issuing processor, decreasing regulatory, time and cost burdens for organizations and individuals and minimizing touch-points to deliver solutions into the marketplace.

What sets TransCard apart from other issuers and processors in the market?
Our technology clearly sets us apart from others in the marketplace, whether comparing us to competing processors or program managers. It is a substantial investment to build and run an issuing platform. Our platform was built from the ground up with flexibility and customized delivery in mind, which allows us to provide solutions addressing specific needs in various industry segments.

How do you see the payments industry evolving within the next 5 years?
Much of the innovation in payments happens outside the traditional banking channels. Fintech investment is at an all-time high and most of that has been in backing disruptive technologies on the edge of the banking system. As clear solution winners sort themselves out, banks have no choice but to re-engage in this evolution and become more dominant in providing solutions to the marketplace. TransCard sits between both the traditional banking channels and disruptive technologies and is poised to help bridge this gap over the coming years.

What is TransCard doing to stay ahead of the evolution?
TransCard just introduced a major upgrade to its platform in January 2016 called Paynuver. Paynuver eases the disbursement of funds by allowing a payer to create a virtual payment account on behalf of multiple recipients. Once a payer puts money into a payment account, their work is done from both a distribution standpoint and a regulatory standpoint. The technology takes care of the rest. The platform then provides a self-service experience to the payee making them responsible for choosing how they want to receive their money. In additional to money movement, the platform also supports workflow rules, attaching documents directly to payments and electronically endorsing payments.

What are you most excited about seeing come to fruition within the payments industry?
The elimination of checks. So many businesses and organizations are facing unnecessary cost pressures due to using paper-based payments. Alarmingly, checks are still the most common payment method used by corporations for disbursements, accounting for 55 million disbursement transactions valued at $1.8trillion in 2014 alone. TransCard currently allows for this payee preference, but ultimately many organizations would be better off without checks. We are helping smooth that transition in a way that allows recipient preferences and innovation to co-exist.

0
SHARES
0
VIEWS
Share on LinkedIn

    Get the Latest News and Insights Delivered Daily

    Subscribe to the PaymentsJournal Newsletter for exclusive insight and data from Javelin Strategy & Research analysts and industry professionals.

    Must Reads

    global cross-border payment infrastructure

    A New Payment Rail Is Not a Global Payment Solution

    October 23, 2026
    stablecoins in banking

    As Stablecoins Mature, Financial Institutions Face a Crossroads

    October 22, 2026

    Automation to Accountability: Governing AI in Fraud and Disputes 

    October 21, 2026
    google solana agentic

    Agentic Commerce Is Still Hype Ahead of Reality

    October 20, 2026
    Customer, shopping and credit card for florist shop payment with POS machine or phone for sale of flowers at small business. Hands of woman paying with rfid technology for service at retail store.

    As Rewards Programs Face Pressure, Card-Linked Offers Gain Ground

    October 19, 2026
    ai spend

    Escalating AI Spend Is Prompting a Strategic Recalibration

    October 16, 2026
    bank chatbot

    How Banks Can Nail the Handoff from Chatbots to Human Agents

    October 15, 2026
    diagonal payments solutions

    The Next Evolution in Payments: Diagonal Thinking

    October 14, 2026

    Linkedin-in X-twitter
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter

    ©2026 PaymentsJournal.com |  Terms of Use | Privacy Policy

    • Commercial Payments
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    No Result
    View All Result