Contactless Payment: What It Is, And How It Could Affect Business Forever

The Credit Card Of The 21st Century?


Contactless payment, also called e-pay and “wave and pay”, is a result of recent technological developments – specifically in the field of near-field communication technology (NFC). Through this technology, you can enter your credit card details into smart devices like smartphones and smartwatches. Once the data is stored you can use the device’s NFC sensor (if it has one) at keypads in convenience stores and restaurants to pay for goods and services. In addition to credit cards, contactless payment also works with debit and smart cards.


Contactless payment makes payment easier, faster, more secure, and more accessible than ever before as a result. It can be used anywhere that NFC readers are accepted. Although that list is still relatively small, it is growing as more and more businesses learn about the benefits of contactless pay.


Sweeping The Payment Industry By Storm


According to a report made by the British Retail Consortium, more than half of all purchases made in Great Britain are now made with credit cards for the first time in its history. With the benefits of contactless payment, the BRC expects that contactless payments will soon be the new norm for payments around the world.




PSI Pay is a company that provides e-pay services, similar to Google Pay and Apple Pay. They own Kerv, an affiliate company that produces a proprietary ring – a wearable (smart device) that uses contactless pay the same way as a smartphone. These rings come in twelve different sizes and are water and scratch resistant. In order to make a payment, all you need to do is simply tap the ring against a keypad or sensor.


With Kerv, PSI Pay looks set to dominate the 108 million contactless payments that have been made in the UK since 2017. Since 2007, PSI-Pay has been providing its countless pay services to both local and international businesses. The company provides its services extensively throughout 170 different nations and also offers electronic currency for use.


Conclusion – A Contactless Future


E-pay offers consumers an unprecedented level of convenience, speed, and security that has never been available before. As this technology is rapidly catching on, those businesses that can ride the wave of innovation will profit greatly. PSI Pay is doing just this. As it contributes to the industry of contactless payment, PSY Pay is set to be a leader in the future of finance and commerce.


A Little About Contactless Payment Methods

What is Contactless Payment Options?


A contactless payment center is a point-of-sale service that allows users to use their phone or another contactless payment method to make payment for a purchase. This can be in the form of a ring. The fact is they do not need to carry cash or debit and credit cards.


Is Contactless Payment Methods Legal?


Yes, contactless payment methods are legal. They are growing in popularity with the European Union and especially in the United Kingdom. There are measures put in place to prevent fraud on the cards associated with the contactless payment methods you use.


What if There is Fraud Committed on my Account?


Despite the efforts being made to prevent fraud on the cards associated with your contactless payment methods fraud is still going to occur. This will mean that you are not legally responsible for any fraudulent payments made with your contactless payment methods.


Does Contactless Payment Have any Partners?


Yes, contactless payment is growing in popularity both in the United States and the European Union. The partners in the United States are Google Pay and Apple Pay. Customers link their debit and credit cards to their Google Pay or Apple Pay account. Then they waive their phone to the point-of-sale terminal and the cards on file are charged.


In the European Union, they have both Google Pay and Apple Pay for payment with the phone. But they also have a ring available for customers to use. The ring is available in multiple sizes and styles. The ring is not gendered specific. The user simply waives the ring to the point-of-sale terminal and the card on file is charged.


Is the Ring Safe?


No, it is not safe from fraud. There is a possibility that the ring will be stolen and used for purchases by someone other than you. If this happens you are safeguarded with the fraud prevention measures put into place for the ring. Also, you should know that you cannot make a purchase of more than 30 pounds. This is to protect you from fraud.


When Will the Ring Contactless Payment Method Come to the United States?


There is no definite answer to this question. The ring contactless payment method is being tested in the European Union. When it is done being tested it might make its appearance throughout the rest of the world including in the United States.


Through a Partnership With PSI Pay Western Union Now Operates in the UK

Western Union began doing business 155 years ago as a telegram messenger company. Today, Western Union (WU) is a money transfer company. WU describes itself as a bridge between the digital and physical worlds. Last year, the company’s online transfer service handled 115,200 transactions an hour.


Covering 130 countries in 2017 total transactions conducted through WU equaled $300 billion. This year, the Western Union network consists of over half-a-million agents operating in 200 nations and territories. WU offers also offers its services under the names Vigo and Orlandi Valuta.


PSI Pay Ltd. and Western Union have joined forces. Residents of the United Kingdom can now transfer money, make payments, and reload their digital wallets via WU using PSI Pay’s platform. A provider of secure money transfers PSI-Pay Ltd is now Western Union’s only online wallet agent operating in the UK.


Commenting on the alliance PSI Pay’s Operations Director Jonathan Amrani touted the greater flexibility the partnership with Western Union gives his company’s ecoAccount holders. He also pointed out working with WU provides PSI with an opportunity to expand its operations and customer base.


PSI Pay started doing business in 2007 and the manner in which the company conducts its operations are overseen by the UK Financial Conduct Authority (FCA). PSI-Pay is licensed as an e-Money Institution. Their products and services are related to the issuance of payment instruments and e-money.


PSI Pay is licensed by Visa and MasterCard Worldwide to issue debit and credit cards. Working in compliance with Financial Conduct Authority regulations PSI Pay is also a MasterCard reporting agency. Authorized to operate in every nation within the European Economic Area (EEA) PSI Pay services include the issuing of the following types of contactless cards: virtual payment, prepaid, and debt.


By using or Western Union mobile app users can avail themselves of the services of WU agents in 155 countries and territories. Locally and globally billions of bank accounts can be accessed.


A report entitled “The 2017 World Retail Banking Report” states that 30% of banking customers use “non-traditional institutions” ie; Western Union and PSI Pay. The report’s information was compiled by the global consultancy, technology, and outsourcing firm Capgemini and the European Financial Management and Marketing Association.


How Are PSI Pay And Western Union Working Together?

PSI Pay and Western Union are working together on a program that makes it easier for people with eco-wallet accounts to get money from a Western Union customer. Western Union has long been one of the world’s leaders in money orders, and they are not available to all those who have changed over to an eco-wallet program.


  1. What Are Eco-Wallets?


PSI Pay is a company that offers an app and prepaid cards for their customers. These customers use the app and prepaid card to hold their balance, and they can use that money anywhere that they want. They have the freedom to spend their money anywhere that a debit card is available, and they can check their balance in the app for the company.


  1. How Does Western Union Work With Them?


Western Union works with eco-wallet companies by allowing their money orders to go straight into customer accounts. The partnership with Western Union makes it much easier for someone to send their money to an eco-wallet payee, and the transfers are made instantly. This is much easier than sending a money order, and it can be done quickly.


  1. The Ease Of Eco-Wallets


PSI Pay is one of the easiest payment programs in the world to use because it was designed to make life simpler for everyone. This is the kind of program that someone would use if they are tired of regular banks, and they will not pay all the fees that they are accustomed to paying to those banks.

  1. Who Needs Western Union?


Everyone should try an eco-wallet plan because it allows them to control their money through a simple app and card. Western Union is used by people the world over to send money to friends and family, and it can now be sent to an account that was once seen as inaccessible. The eco-wallets get instant cash, and they see a message noting that the money came from Western Union.


  1. Conclusion


PSI Pay and Western Union have made things easier for all their customers by agreeing to work together. Now a deposit can be sent right to a PSI-Pay customer.

After Luiz Carlos Trabuco Who Will Be Bradesco Bank’s Next CEO?

The road is long with many winding turns. That is unless you follow the example set by Luiz Carlos Trabuco the 66-year-old CEO of Brazil’s second-largest bank based on both equity and assets. Mr. Trabuco has been an employee of the bank since he began his career at the age of 18 working as a clerk. Over the next four decades, he admirably worked his way up to the position of the bank’s number one employee, the boss. The path was long, yet it was straight. The CEO was prepared for his current job deliberately by his predecessors. Just as his successor indeed will have been groomed by him and the current generation of executives running the bank. It is the Bradesco way.

The Bradesco formula for executive leadership is a culture which emphasizes exposure to the bank’s various operations. You cannot be expected to operate such a vast corporate entity without first-hand knowledge of all of its bells and whistles, although formal education is also a prerequisite. Mr. Trabuco received his bachelor’s degree in Philosophy, Sciences, and Letters from the University of Sao Paulo before obtaining his Masters in Socio-Psychology from the School of Sociology and Politics Sao Paulo.

It was in 2009 after having held several executive level positions within Bradesco Bank’s family of subsidiaries that Luiz Carlos Trabuco got the top job. He became the 4th president to lead the group since the death of the bank’s founder, Amador Aguiar, in 1991.


Even before becoming CEO, Trabuco had established his reputation for getting things done. It was he who arranged the offering of Bradesco shares on the New York Stock Exchange in the form of ADRs. During his tenure as president of the bank’s insurance business, Bradesco Seguros, that business flourished. It more than doubled in size. Going on to become a juggernaut in the Latin American insurance market.

So, it was no surprise to observers when Mr. Trabuco arranged the purchase of HSBC Brazil in 2015. It was Brazil’s largest business acquisition of the year and the most significant acquisition in the 72-year history of Bradesco Bank.
According to the bank’s bylaws, the maximum age of their CEO cannot exceed 65 years of age. However, due to the complexity of the HSBC deal, it was deemed prudent to extend Mr. Trabuco’s tenure to his 67th birthday.

Trabuco has confirmed recently that the bank’s next CEO will be selected by the board of directors in March of 2018, following the general shareholders meeting. Trabuco is now the chairman of the board of directors as well as the CEO until then, as the previous chairman, 91-year-old Lazaro de Mello voluntarily stepped down after 25 years as the chairman of the board of Bradesco Bank.

According to, Trabuco and his eight-member board of directors have a deep pool of experienced talent within the company from which they will choose their next CEO. The list of top contenders arranged by age includes:

• Andre Rodriguez Cano, 59-years-old executive in charge of human resources
• Mauricio Machado de Minas, 58-year-old executive who runs the IT department
• Domingo Figueiredo Abreu, 58-year-old executive responsible for the bank’s treasury and credit department
• Alexandre da Silva Gluher, 57-year-old executive in charge of risk management
• Josue Augusto Pancini, 57-year-old executive accountable for the bank’s branch network and high-income accounts
• Lazaro Octavio, 54-year-old in charge of the bank’s insurance unit

Together these executives represent 228 years of experience within the culture of Bradesco. If you consider that Mr. Trabuco got the call at age 57, the title can go to any one of them. We will soon have our answer.

For more information about Luiz Carlos Trabuco, just click here.

The Sponsors of the 2017 Dallas Women’s Foundation Annual Luncheon

NexBank SSB is a regional bank with its headquarters in Dallas. This year the bank proudly sponsored the 32nd annual luncheon of the Dallas Women’s Foundation. The bank offered $100,000 to support the foundation in promoting women’s welfare regarding economic security and leadership. The event was hosted at the Hilton Anatole Hotel in Dallas on the 20th of October 2017.

The luncheon featured Dr. Hope Jahren as the keynote speaker. Dr. Jahren is an award-winning cum best-selling author. The keynote addressed was streamed live to 20 schools and more than 10,000 students across Dallas. The Dallas Women Foundation holds this event every year and is graced by over 13,000 leaders from the community, civic and business world. The foundation ranks top among the globe’s largest regional women’s fund. The Dallas Women’s foundation prides as a leader in facilitating improvements in the social and economic welfare of women and girls.

NexBank is the 12th largest bank in Texas ranks at position 179 among the largest banks in the US. Since its establishment in 1922, the bank has grown its asset value to $7.6 as of 30thSeptember 2017. The bank’s money market rates triple the national average, and the bank boasts an A health rating.

As a financial institution, NexBank offers a range of financial services to meet the needs of its customers. These services include Mortgage banking, commercial banking, and institutional services. NexBank provides tailored financial banking services to its clients who include financial institutions, corporations, institutional customers and individual clients across the nation.

NexBank Services

NexBank is committed to facilitating its clients meet various complex financial needs. The available banking services include commercial lending, credit services, agency services, commercial real estate lending, treasury management, and correspondent banking. The bank offers warehouse lending and Wholesale and corresponding lending as part of their mortgage services. NexBank’s institutional services include Real estate advisory, investment banking, financial institutions, public funds and treasury management. Personal banking services include savings services, checking and mortgages.

NexBank endeavors to deliver high value at every opportunity. The bank has experienced experts with proven track records of success, and their core mandate is to provide incomparable access to sophisticated and customized solutions

Executive Luiz Carlos Trabuco Cappi’s Endorsements To Bradesco

In 2015, Luiz Carlos Trabuco Cappi became the president of Brazil’s top insurance company, Bradesco. The 56-year-old, executive, is highly ranked in Brazil. His success is attributed to his great headship style that focuses primarily on service delivery through numerous financial channels. These include marketing, insurance, and pension groups. The banking market in Brazil is highly competitive as evidenced by competition the Itau Unibanco and Bradesco.

Itau Unibanco was Brazil’s leading bank when Bradesco was experiencing financial challenges. The previous president, Cypriano, despite his few achievements at Bradesco, had encountered financial problems. Luiz Carlos Trabuco Cappi, however, managed to take over the lead in the Brazilian banking market by purchasing HSBC. The Brazilian branch HSBC was a $ 5.2 billion investment move, which was a great coup for Bradesco. For a short period, the company emerged the top in the financial sector.

The executive was born and raised in Marilia. Luiz Carlos Trabuco Cappi studied at Sao Paulo University, and right after school, he was employed as a clerk at Bradesco. This was the beginning of his journey into this remarkable career. Luiz Carlos Trabuco Cappi was then promoted to the company’s marketing and pension department. Later on, within a short period of only six years, he managed to work his way up to the top seat. His innovativeness and high experience enabled him to organize leaders in a manner that was productive to Bradesco. He assigned leaders to various positions according to their experience. For instance, Renato Ejnisman was one of the many professionals that Luiz Carlos Trabuco Cappi employed. According to him, Renato was highly experienced. He had worked with various banks in Boston and America, as an Executive Director. This, according to him, would play a great role in Bradesco’s victory.

There have been great results in Bradesco’s performance since Luiz Carlos Trabuco Cappi’s election. For instance, the bank’s market value received grew from US $5 billion to US $ 30 billion within nine years. Also, Bradesco also achieved a total of 23% to 25 % market share growth. Lastly, the insurance company’s contribution profit rose from 26% to 35%. Luiz Carlos Trabuco Cappi primarily focused on putting Bradesco in the global market. Through this, Brazil’s economy experienced significant improvements, and until today, there have been vast changes to Brazil economy including the insurance sector. Luiz Carlos Trabuco Cappi is a leader with great intentions, his successful history in banking and insurance, has enabled various achievements to many businesses. The president of Brazil’s leading insurance company, DINHEIRO nominated him as an influential Insurance Personality. This occurred twice in 2003 and 2007.

Through his excellent skills in banking, he was able to improve Brazil’s insurance sector. Luiz Carlos Trabuco Cappi achieved this when he advocated for broker investment. For these reasons, various executives have appreciated Luiz Carlos Trabuco Cappi’s efforts as the most professional executive ever witnessed in the Brazilian economy. Besides, Brazil has made many achievements through him, especially on commercial and economic projects. Luiz Carlos has been featured among big media names. Also, he has been in various business columns of different financial and investment magazines. As a financial icon, Bradesco has a reason to have appointed him as its CEO. In turn, this has led to massive economic growth. Luiz Carlos Trabuco states that his company’s affluence depends on productive and enormous investments in the insurance and banking sectors. According to him, Brazil’s ever-growing population remains Bradesco’s driving force. He further appeals to the government that, it is important that it upholds social welfare through extensive investments in the insurance sector.

Learn more about Luis Carlos Trabuco Cappi:

Reputation of the Successful Madison Street Capital

Madison Street Capital, known to many as MSC is one of the most successful investment companies in the world. The company has done well at the international level, and it has branches in most parts of the world. The private institution focuses on assisting businesses and corporations with the expertise they need to become successful. The firm also helps its clients to access credit needed to grow their businesses. Individuals and institutions who have partnered with the firm have done well in the competitive market, and they have made huge profits.

The market is currently full of investment companies. However, very few have the ability to beat Madison Street Capital. The company has a special way of meeting the demands of the clients. First of all, the teams of professionals who work at the company are experienced and well qualified, and they work around the clock to advise the clients. These professionals have the skills needed to advise clients on matters concerning the modern market, and this is one of the reasons the has been doing well. Madison Street Capital reputation has also been beneficial in the success of the private company. Companies from all over the world say that they get only the best services whenever they make transactions with the private company. Learn more: 

Madison Street Capital reputation has been rising over the years for several reasons. The company has accomplished a lot. For instance, in the year 2014, the company played a fundamental role in assisting Vital Care Industries to get a matching lender. The transaction was very successful. The founder and chief executive director of the company, Antony Marsala said that he was happy about the operation success. According to him, this could not have been successful if they had chosen a different investment company.

Just recently, the investment company was given several awards because of its accomplishments in the market. According to the president of the business, Charles Botchway, the company has done well because of the quality of services it has been giving its customers. The company has reliable individuals who make sure that clients do not leave disappointed. Madison Street Capital is also famed for its role in the society. The company has given back to the community by giving to the individuals who come from less fortunate families. The company has assisted many needy people in the United States and other parts of the globe. The leadership of the company has been instrumental in the success of the company. Learn more:

Martin Lustgarten the Amazing Investor

With the recovery of the global economy proceeding steadily it is important for everyone in the world to begin thinking about the future. For many retiring seemed like a great impossibility but now that dream of an easy life of living on your savings is becoming a reality again. Those who want to retire need to make wise decisions in the present moment because retirement is the most important thing for you to plan when thinking of your future. You need an investment banker on your side to make those decisions and Martin Lustgarten is one of the best in the world. He helps his clients get to the top and stay there. He knows the ins and outs of the investment world because he has been doing it for decades.

Martin Lustgarten is a dual citizen of both Venezuela and Austria. He has made good use of his citizen rights from both of these nations. he is a strong believer in taking your investments to the international level and he chooses to spread his wealth between many different nations. When he does this he can manage his risk more effectively while optimizing growth opportunities from local investment.

When he sees an oncoming trend Martin will be the first to inform his clients so that they can capitalize upon it with him. This way they get the full benefits of his expertise.

If you are looking for a role model in the world of investment Martin Lustgarten is the one you should turn to. He is a hard working person who is of high intellectual capacity and he sees the lines of the investment matrix like few others in this world. Martin has helped many people to grow their personal fortunes in little time. He can advise you in the best way to diversify your portfolio while continuing to grow so that you can have a nice retirement nest egg within a short time.