Flexible Payment Accounts with PSI Pay

PSI Pay is a fast and easy way for businesses to offer payment solutions. They offer a variety of products around the world to meet individual needs in the business world. Available in 44 different currencies and 173 countries, PSI Pay is a safe solution for all types of businesses.

What kind of different products does PSI Pay offer? What makes them different?

PSI Pay is more than just a payment option, it offers four different products.
1. An online payment account which allows businesses to create a virtual account for employees as well as customers. These accounts allow the business to quickly deposit funds for quick access. They also have the ability to withdraw funds or make money transfers.
2. A virtual payment card which creates a virtual MasterCard number linked to an account. This card can be used anywhere online that accepts MasterCard, even where PSI-Pay is not accepted. Simply enter the virtual card number into the payment screen like any other credit card. Money is pulled directly from the associated account.
3. A physical payment card which is a prepaid debit card that can be used anywhere MasterCard is accepted. Money can be withdrawn from participating ATMs as well but some fees may apply.
4. A contactless payment function, called PayPass, which allows the consumer to make purchases of £20 or less without the need to enter a PIN. Simply wave the card in front of the card reader and be on your way.

PSI Pay offers contactless payments, how does PSI Pay protect each financial transaction?

PayPass uses encryption that is unique to each purchase as a means of protecting each transaction. Never worry about handing your card to the wrong person or forgetting to get it back since you maintain possession at all times. Never worry about a charge being duplicated when it is accidentlly scanned twice with the duplicate safeguard. Contactless payment really does simplify shopping.

Read More: www.pymnts.com/tag/psi-pay/

Luiz Carlos Trabuco To Choose Replacement As CEO Of Bradesco

Luiz Carlos Trabuco, the acting CEO of Bradesco bank, has announced that he will soon be leaving his current role in order to take over as chairman of the bank’s board of directors. This is big news at the Brazilian financial giant, which is among the largest such institutions in the country.

With more than 5,000 branches, $400 billion in assets and over 110,000 employees, Grupo Bradesco is one of the most important financial conglomerates across Brazil and the entire Latin American region.

As CEO, Trabuco will be responsible for appointing his own replacement. At first, it was widely speculated that he would be looking outside of the bank’s own employees for talent to replace him at CEO. While this claim had some merit, especially given the fact that Trabuco himself had complained at length about the dearth of skilled executives that the country was producing, the rumors were quickly put to rest by Trabuco himself. He stated explicitly that he was not interested in searching outside the company for the next CEO and that he would not be parting from the time-worn company tradition of recruiting executives from within the Bradesco ranks.

Read more on economia.estadao.com.br

This would seem to leave a total of seven candidates who are qualified to be potentially tapped for the CEO position. However, those close to the proceedings say that there are really only two possible candidates that are likely to be in serious contention for the bank’s top spot.

The fist is the company’s 57-year-old chief risk officer. Alexandre Gluher has spent the majority of his career with the bank. As a result, he is one of the most senior people among all of the candidates. Gluher was also responsible for the complete risk assessment and stratification of all of the assets from the HSBC Brazil acquisition, a major project that allowed Bradesco to complete the transaction. Gluher is a widely respected figure within the bank, and he holds a number of advanced degrees and an impressive overall resume.

But those who know Luiz Carlos Trabuco say that he is someone who is far less impressed by soft performance metrics. Trabuco is on record stating that such attributes as seniority and academic credentials rank lowest on his list of considerations for hiring. Trabuco is also known to be a staunch advocate of the adoption and development of technology, viewing it as one of the main vehicles by which the bank can differentiate itself from others in the financial space and drive real customer value creation.

For these reasons, it is being widely speculated that the most likely candidate to replace Trabuco will be the bank’s 56-year-old chief IT officer Mauricio Minas. Although Minas lacks the seniority of many of his colleagues, having only been at the bank a relatively short while, he has accomplished a great deal over his brief tenure.

Among Minas’ accomplishment have been the creation of the wildly popular Next online banking platform. Next has been a major driver of both cost savings and increased organic growth, causing millions of customers to flock to the innovative Bradesco services offered within its interface.

Another key accomplishment of Minas was the complete integration of all of the technological assets of HSBC into the Bradesco systems. This was a major piece of the puzzle in the acquisition of HSBC Brazil, which has been one of the most important components of Bradesco’s recent success. Since the acquisition, the Bradesco stock price has soared, testing its all-time highs of ten years ago.

Combined, all of these reasons make it likely that Minas will be named as the next Bradesco CEO. With Trabuco at chairman and Minas as the operations executive, Bradesco will be well-poised to take on the future.

Search more about Luiz Carlos Trabuco: https://g1.globo.com/economia/noticia/conselho-do-bradesco-escolhe-octavio-de-lazari-junior-para-substituir-trabuco-como-ceo.ghtml

Luiz Carlos Trabuco – The Mastermind Behind Bradesco’s HSBC Buy

Founded in 1943 by Amador Aguiar in the then-small town of Marília, São Paulo, Brazil, Banco Bradesco has effectively metamorphosed into one of the largest banks in the country of Brazil, currently second only to Itaú Unibanco.

Itaú Unibanco is only so large because it yielded from a large merger between Banco Itaú and Unibanco. Instead of competing with Bradesco, joining forces was best for their dreams of reaching number one. Thanks to Luiz Carlos Trabuco, Banco Bradesco made a major acquisition of another banking chain in the country, HSBC Brazil.

Luiz Carlos Trabuco is the President and Chief Executive Officer of Bradesco, serving the financial institution well since his promotion to “top dog” in March of 2009. He’s best known around Brazilian banking circles for his mission to acquire HSBC Brazil. Starting sometime in late 2014, Luiz Carlos Trabuco formed an idea to acquire HSBC Holdings’ Brazilian banking operations, as they were stagnant at best, although the quality of its branches, automated teller machines, and other equipment weren’t the problem – just bad management.

Mr. Trabuco was able to push forward with the deal in the summer months of 2015, specifically August of 2015. Current Chairman of the Board – and former President of Bradesco, the same, exact position Luiz Carlos Trabuco’s in today – Lázaro Brandão approved the transaction, the final barrier between Mr. Trabuco’s potentially highly beneficial dream and reality. Formal trade talks started to finish up in the fourth quarter of 2015, with the 5.2 billion dollar transaction actually being finalized in the first quarter of 2016.

Read more on Crunchbase.com

Although $5.2 billion is undoubtedly a lot of money, the purchase of HSBC’s Brazilian operations were necessary to close the gap between first and second place in the Brazilian financial sphere. Luiz Carlos Trabuco was recorded expressing after the transaction that without the acquisition, a similar level of organic growth would have taken a painstakingly long six years. As such, because Bradesco could afford the deal without going into debt, paying the $5.2 billion sum was well worth it, also because no other banks could hop on HSBC Brazil’s coattails after Bradesco finalized the purchase.

While there’s lots to say about Mr. Trabuco and this recent seismic-level transaction, even more interesting is how his career came to fruition. Here’s a brief history of how he got started, the various positions he’s served Bradesco in, and just a few of the awards and accolades he’s received over the years.

Mr. Luiz Carlos Trabuco was born in Marília, São Paulo, a force of coincidence that his future employer’s original branch was minutes away from his home. Even further, that very location that was operated by Mr. Aguiar, the original founder of Bradesco, was the first place he worked.

However, he went to school for a while prior to getting on board with Bradesco. His first stint in college was in the heart of São Paulo’s metropolitan area, nearly six hours away from Luiz Carlos Trabuco’s home in Marília. Already having graduated high school early, he felt confident that he shouldn’t “waste” his largely unmatched learning potential.

The University of São Paulo was home to Mr. Trabuco’s first degree, more specifically the Faculty of Philosophy, Letters, and Human Sciences. After earning a degree in philosophy, Luiz Carlos Trabuco blasted off to another school in São Paulo, just minutes from his first institution. This time, teenager, Trabuco earned a doctoral degree in Sociopsychology, greatly aiding him in communicating with others.

Luiz Carlos Trabuco has been named one of The Most Powerful 60 [People] of Brazil, 2015’s Entrepreneur of the Year in Finance, and consecutive Insurance Personnel of the Year in 2006 and 2007.

Learn more about Luis Carlos Trabuco: http://www1.folha.uol.com.br/mercado/2014/03/1425150-luiz-carlos-trabuco-e-eleito-vice-presidente-do-conselho-do-bradesco.shtml

MADISON STREET CAPITAL; A SUCCESSFUL INVESTMENT BANKING FIRM

Madison Street Capital was in charge of arranging r Sterling Packaging Chicago with Growth Equity Facility in July thirty-first twenty seventeen. Madison Street Capital was the financial advisor in arranging for clients for growth equity investment. Druid Capital Partners was in charge of providing the equity facility. The Chief Executive Officer of Madison Street capital; Charles Botchway announced the transaction that was led by Jay Rodgers; the Managing Director of Madison Street capital. Jay Rodgers was impressed by the work done by the team a Sterling Packaging and Jim and Debbie Hickson (founders of Sterling Packaging).They have established a scale business that provides superior product offering.

The Managing Partner of Druid Capital; Martin Holt was excited to partner with the Hicksons. The founders of the Sterling Packaging are hard working and focused entrepreneurs who believe in instilling a strong value system in their organization and children. They also appreciated the roles that Madison Street Capital has played especially in connecting Druid and Sterling and the support they also gave during the transaction. Learn more: https://www.pinterest.com/MSCadvisors/

Sterling Package has its headquarters in Selkirk, Manitoba. The company was founded in nineteen eighty-nine, and it has established packaging designs and paperboard cartoons that suit many industries such as pharmaceuticals and the food and beverage industry. The company has been serving several companies ranging from the businesses owned by private investors to the Fortune five hundred companies in the United States and Canada though it has mainly specialized in the beverage industry where they manufacture bottle carriers and packages for beer. Learn more: http://www.manta.com/c/mb4hqdt/madison-street-capital-advisors-llc

About Madison Street Capital

Madison Street capital is known internationally as an investment banking firm. Madison Street Capital Reputation is its integrity and commitment to deliver quality services to its clients. The company has succeeded in the international market because of their ability to fulfill the needs of its customers. Madison Street Capital is known for considering their client’s objectives in every project that they undertake. The market is the most critical component to the company thus it will always invest all their resources in the global market. Learn more: https://www.inc.com/profile/madison-street-capital

Madison Street Capital is among the company that is trusted by clients worldwide because of the dedication that we have to our customers and the highly skilled and professional employees that we have. Madison Street Capital partners with other organizations such as the United Way since its main aim is to build strong businesses all over the U.S. Entrepreneurs looking for business acquisitions or corporate governance, contact Madison Street capital since it is well experienced in the investment banking industry. Learn more: https://www.crunchbase.com/organization/madison-street-capital