News from the Wire

TransCard expands leadership team with three appointments

Friday, May 06, 2016 — 12:16:54 (EDT)

Chattanooga, Tenn., May 6, 2016 -- TransCard, a fintech company that specializes in providing innovative, cloud-based payment solutions to financial institutions and corporations throughout the U.S., today announced the expansion of its leadership team, with the addition of John Haddock as its new chief financial officer, Ed Kelley as vice president of financial institutions and Ann Evans as vice president of corporate solutions.

“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,” said Greg Bloh, president of TransCard. “Given their track records of success, this move to bring them on board will undoubtedly make an immediate impact on TransCard and help us more effectively deliver our innovative solutions.”

As a key member of the executive team, Haddock will be responsible for overall financial management as well as evaluating merger and acquisition opportunities and overseeing investor relations and strategic planning. Prior to joining TransCard, he served as executive vice president and chief financial officer for First Security Group and FSG Bank. In his banking career, he gained extensive expertise in M&A, investor relations and regulatory compliance, including a $96 million capital raise in 2013 and the 2015 sale of First Security Group to Atlantic Capital Bancshares for $171 million.

As TransCard’s new vice president of financial institutions, Kelley will draw on 16 years of experience in the payments and banking industries to ensure market-leading service of the company’s financial institution clients, helping them to alleviate regulatory, time and cost burdens and achieve positive outcomes for their shareholders and customers. He previously served as partner at a leading banking software provider.

Evans brings two decades of management, sales and business development experience to her role as vice president of corporate solutions, as well as in-depth knowledge of the financial services industry. She will be responsible for development of TransCard’s client base in the corporate and insurance sectors by effectively demonstrating how TransCard’s Paynuver platform can generate new revenue streams for corporations looking to move to an innovative, virtual payments system. Prior to joining TransCard, Evans served as vice president of business development at a payments technology company.

For more information on TransCard, its leadership team and innovative Paynuver platform, visit www.transcard.com .

About TransCard TransCard is a fintech company that specializes in providing innovative cloud-based payment solutions to financial institutions and corporations 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. Founded in 2005 to initially serve fuel payment networks with prepaid card options, the company has now transitioned into an innovative SaaS solution that meets the robust needs of customers in a breadth of industries including financial, hospitality, payroll, insurance and corporate disbursements.

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Source: Company press release.