Transcard Expands Leadership Team as First Quarter Revenues and Profits Soar

PRESS RELEASE

Driven by strong growth in revenues and profitability, global payments technology provider Transcard announced that the company expanded its staff by more than 15 employees this quarter, including four individuals who are serving in leadership roles.
During the quarter, Transcard achieved over 90 percent year-over-year (YOY) growth.

This tremendous growth in revenues and profitability were the direct result of steady demand for the company’s business-to-consumer (B2C) payments solution and greater adoption of the company’s business-to-business (B2B) payments solutions.

The company also successfully launched its account-to-account (A2A) payments solution, an innovative cloud-enabled platform that digitally connects buyers and suppliers through their enterprise resource planning (ERP) applications and banks, eliminating friction across the commerce lifecycle.

Transcard hired more than 15 employees during the quarter, including four senior managers:

Rick Barkley

Executive Vice President of Engineering

Barkley is a seasoned software engineer and entrepreneur. He comes to Transcard from Cloudsnap, an Integration Platform-as-a-Service (iPaaS) company that he founded to integrate ERPs and other applications.

Barkley previously worked for Dell and Hewlett-Packard (HP). Barkley will lead Transcard’s efforts to deliver hyper-connected solutions that eliminate payments and information silos as well as friction in the commerce lifecycle.

Alton Ingram

Senior Vice President of IT Infrastructure

Ingram previously served five years in the United States Marine Corps, where his occupational specialty was cyber networks, and he achieved the rank of sergeant/E-5. Ingram is leading Transcard’s efforts to fully leverage the cloud in its solutions.

Mac Goeltz

Director of Enterprise Audit

Goeltz brings more than 12 years of audit experience to his role at Transcard. Prior to working at Transcard, Goeltz spent 15 years at Unum Group, a Fortune 500 insurance company. He also has experience in the accounting and mortgage industries.

Kevin Beavers

Senior Vice President of Operations

A proven team leader, Beavers is a 2008 graduate from the United States Military Academy at West Point.

Beavers has deployed as a platoon leader to Iraq where he earned the Combat Action Badge and deployed as company commander in support Operation Enduring Freedom.

Beavers is a graduate of the U.S. Army Ranger School and has been named one of Chattanooga’s 20 Under 40 by Chatter magazine.

“These leaders bring tremendous experience and expertise as we build on the strong momentum for our payments solutions,"

says Transcard President, Chris Fuller.

“They share Transcard’s unwavering commitment to innovation and to the success of our customers and business partners. I am confident that they will play a crucial role in helping Transcard shape the future of payments technology.”

ABOUT TRANSCARD

Transcard (www.transcard.com) makes frictionless payments a reality with comprehensive global payment solutions designed for banks, fintechs, and businesses of any size and in any industry.

Transcard delivers solutions for business-to-business (B2B) payments, consumer-to-business (C2B) payments, business-to-business-to-consumer (B2B2C) payments, account-to-account automation, and Banking as a Service (BaaS).

Our solutions combine unmatched multi-rail capabilities, embedded workflows, best-in-class integration, effortless reconciliation, and bank-grade security. These are some of the reasons that 550 businesses and more than 200 banks trust Transcard with their payments.