Western Union And PSI Pay Get On The Same Page

Since the dawn of modern financial institutions, people have been forced to open accounts with them to benefit from services like automatic bill paying, debit cards, online banking, and overdraft protection. Only in the past decade – give or take – have companies that are not financial institutions started to provide average consumers with such financial services.

 

Let’s look at PayPal, for example. Founded as Confinity, the company initially developed software to help protect companies from fraud and identity theft in the process of accepting payments. A few years after the business was founded, it was purchased by eBay. Initially, PayPal was used as a means of securing payments from customers and immediately delivering them to vendors on the site.

 

Currently, PayPal acts similarly to a financial institution. Unlike traditional banks, individuals can accept payments through credit and debit cards – as well as PayPal balances – which simply can’t happen through financial institutions with the exception of funds transfers between accounts. PayPal is far quicker than checking accounts for accepting payments.

 

Further, PayPal provides consumers with services like its PayPal Prepaid Debit Card. Unlike checking accounts, this prepaid debit card cannot be overdrawn, thereby saving consumers money by not capitalizing on their mistakes. PayPal simply takes $4.95 each month from consumers’ accounts to use debit cards anywhere that debit cards issued by traditional financial institutions can be used.

 

The company uses electronic money – better known as e-money – to conduct the entirety of its transactions. Companies like PSI Pay and Western Union use electronic money to conduct their operations, as well.

 

Speaking of Western Union and PSI Pay…

 

PSI-Pay is a company that was founded in 2007. It was founded with the goal of providing financial services to consumers around the United Kingdom independent of financial institutions. Recently, PSI Pay’s proprietary online ecoPayz wallet network integrated with that of Western Union.

 

Now, people in the United Kingdom can send money around the globe using ecoPayz.

 

The partnership between Western Union and PSI Pay is becoming increasingly popular around the world. For example, roughly 30 percent of all banking customers around the globe use financial products and services from companies that are not considered to be traditional financial institutions. This effectively results in consumers having more freedom than they otherwise would with the option of only using financial institutions’ services.

 

 

 

https://www.yell.com/biz/psi-pay-ltd-horsham-8042004/

Brazilian Banker Luiz Carlos Trabuco Is Expanding Bradesco’s Digital Banking Division

Brazil is coming out of a three-year recession that hurt the country’s economy. Brazil is the largest country in Latin America, but the country lacks the leadership to move from the undeveloped nation’s category to the developed nation’s category.

But Brazilian banks are not undeveloped thanks to a group of banking executives that know how to make money when the country’s economy is growing, and when the country is in a recession. Luiz Carlos Trabuco is one of the Brazilian Bankers who knows what it takes to protect bank assets and to expand bank services when times get tough.

The Luiz Carlos Trabuco Story is unusual because Luiz didn’t want to be a banker. Trabuco comes from the small city of Marilla in the state of Sao Paulo. Mr. Trabuco wasn’t poor, but he wasn’t rich when he decided to study philosophy at the University of Sao Paulo in the 1960s. And when he decided to do graduate psychology work to earn a Master’s degree, he didn’t know his future would be set in stone after earning that degree. Trabuco had teaching on his mind while he was in school, but then he changed his mind. He applied for a position with a small Sao Paulo bank in 1969, and to his surprise, he got the job.

Read more: Novo presidente do Bradesco substituirá Luiz Trabuco dia 12 de março

The man responsible for hiring Luiz was Lázaro de Mello Brandão. Brandão was a legend in the banking world back then. He saw something in Trabuco that he liked. Mr. Brandão put Luiz in Bradesco’s training program, and that’s all it took to get Luiz Carlos Trabuco hooked on banking. Luiz went from one banking job to another, and he displayed exceptional people skills and creative thinking in all of those positions. By the 1990s, Trabuco was a Bradesco VP, and in 2003 he got the big job at Seguros. Seguros is Bradesco’s insurance division. Trabuco was the man in charge for five years. His successful management techniques put him in line for another big banking job. In 2009, Trabuco got the Bradesco CEO position, and in 2017 he became the Chairman of Bradesco’s Board of Directors.

Even though Luiz Carlos Trabuco rose through the ranks, he is still that personable banker who goes out of his way to help other people. The environmental and educational programs he set up help clients live better lives in Brazil are popular across the country according to jusbrasil.com.br. His latest project is Bradesco’s digital banking division, Next. Trabuco believes digital banking is the future, and Luiz Carlos Trabuco is always looking toward the future.

Learn more about Luiz Carlos Trabuco: http://www1.folha.uol.com.br/mercado/2017/10/1926243-proximo-presidente-do-bradesco-saira-da-diretoria-do-banco-diz-trabuco.shtml

Luiz Carlos Trabuco Cappi Becomes Chairman At Banco Bradesco SA

Lazaro de Mello Brandao has revealed that he will be leaving his position as chairman of the board at Banco Bradesco SA. At over 90 years of age, Lazaro de Mello Brandao is one of the oldest banking leaders in the globe right now. He has held the post of chairman for a quarter of a century at Banco Bradesco SA before finally deciding to retire. The bank he has led for over two decades now has the second highest market valuation in the country.

The announcement that Mr. de Mello Brando will be leaving his position as chairman of the board has caused a stir both within the Banco Bradsesco SA and in the Brazilian financial sector. The immediate replacement for Lazaro de Mello Brandao’s spot is a leading executive at the firm called Luiz Carlos Trabuco Cappi. He presently acts as the CEO at Banco Bradesco.

The newly appointed chairman will continue to hold the title of chief executive officer at Banco Bradesco and his new board membership until the beginning of March. That is when the bank will vote upon a new chief executive officer. It will also vote to elect a permanent chairman of the board position that has been vacated by Lazaro de Mello Brandao.

Mr. de Mello Brandao began working at Banco Bradesco SA all the way back in 1943. He went from a teller to chief executive officer and chairman at one of the biggest banks in Brazil. Mr. Brandao said that his resignation was needed in order for the successful continuation of Banco Bradesco’s operations. As leader of the bank, Brandao was famous for promoting talent from within the company rather than outside. This tradition will remain for now and will be in effect while the company hunts for a new chief executive officer and board chairman.

Read more: Bradesco to choose board member as new president, says Trabuco

Following the announcement by president Lazaro de Mello Brandao of his resignation as chairman of the board, stocks of Banco Bradesco fell slightly by about 1%. The bank stock has performed exceptionally well during the year, though. It gained about 39% value in 2017 so far.

Though Mr. Brandao is leaving his title as president, he is not exiting the firm. He will continue to manage a few of Banco Bradesco’s holding companies. Mr. Lazaro de Mello Brandao will also continue to work at the desk that he has worked for so many years now at Banco Bradesco.

The current serving chief executive officer at Banco Bradesco is Luiz Carlos Trabuco Cappi. He completed undergraduate studies at the University of Sao Paulo’s school of philosophy, social sciences, languages and fine arts. Luiz Carlos Trabuco Cappi also completed a master’s degree program of study at the University of Sao Paulo’s school of politics and sociology.

He joined the Banco Bradesco group back in 1969. Luiz Carlos Trabuco Cappi was formerly a managing director at the Banco Bradesco Group and also worked as a department director. He also held the position of vice president, executive vice president and later became the chief executive officer in 2009 athe financial company. In addition to his role as CEO and board chairman at Banco Bradesco S.A., he holds the title of internal director at the bank.

Other firms that Luiz Carlos Trabuco Cappi works at include Odontoprev S.A. He serves as a chairman there as well board director. Luiz Carlos Trabuco Cappi also serves as a director at a company called Bradespar S.A. He also served as a director at Grupo Bradesco Seguros and at Banco Espirito Santo SA. The Banco Bradesco S.A. CEO has also served on the board of the Brazilian Association for Listed Companies.

Learn more about Luiz Carlos Trabuco Cappi: http://www.valor.com.br/financas/5194121/trabuco-apesar-das-incertezas-investidores-acreditam-no-pais