Payments technology solutions are often seen as one of the core functions of any successful company. They not only provide a seamless and secure way to process transactions, but they also help streamline operations and improve the bottom line. Companies can process payments quickly and efficiently, with the peace of mind that comes with advanced security features. With the rise of digital commerce, payment technology solutions allow businesses to keep up with the changing needs of their customers by accepting a variety of payment methods. By automating manual processes and reducing costs, companies can focus on growth and reaching their goals.
Keeping this in mind, Greg Bloh decided to create Transcard. Through Transcard, he wanted to provide financial and digital banking solutions. He started with the goal of offering customized payment solutions, simplifying A2A automation, and streamlining B2B and B2C payments. Along with that, he wanted to enable C2B payments and provide BaaS with innovative technology that has the potential to grow.
To achieve this, Transcard truly believes in using technology in the best way possible. Today, their platform offers multiple solutions, one of them being Smart Solution Suite. Through Smart Suite’s embedded solutions, their clients can make as well as get payments directly from any Enterprise Resource Planning (ERP) or legacy software system. The whole point is to simplify payments through frictionless payments and enhance the flexibility of their legacy investments. Within the Smart Suite, they have Smart Hub that looks into onboarding payment processing and providing valuable insights; Smart Disburse, which is related to payouts and disbursements; Smart Collect, which is dedicated to receivables; and Smart Exchange, which tracks and enables A2A payments.
Greg Bloh, who now serves as the CEO of the company, had a simple but impactful objective: to drive innovation in the field of FinTech. “Our goal is to bring the latest in payment innovation to enable financial institutions, technology partners, payments networks, payment facilitators, and businesses of all sizes,” he said. They have come a long way since their establishment in 2008. They began as a fuel payments platform used by the US Xpress. In 2015, they built their full-service platform and created a prepaid card solution that helped several financial institutions. After launching their Pay-In, Payout platform in 2017, they began their journey to global expansion. They built a headquarters in Austria in 2019, proving that they were in this for the long haul. 2020 was a big year, as they created an omnichannel platform to make B2B and A2A payments frictionless and automate the whole process.
They serve multiple industries, ranging from healthcare, airlines, and banks, to insurance companies, real estate, freight, and more. They have various solutions, including B2B payments, workforce payments, B2C solutions, claims management, use cases, and more. They firmly believe that their platform is business-oriented, which means that having them as your partner will allow you to get to market fast because their implementation process is unprecedentedly fast. These initiatives made them a part of the Top 10 Fastest Growing Payment Solution Providers to Watch in 2023.
Transcard has seen major victories since 2008, and a huge credit goes to its work culture as well. They work together harmoniously and believe in nurturing growth in every employee. Not only that, but they also believe in giving back to the local communities in and around Chattanooga, the place where Trancard was first conceptualized and founded. They hire former military personnel, organize various social events to support and help those in need, help in saving the environment, and more.