PSI-Pay Explains the Pros and Cons of European-Style Digital Wallets

With European-style digital wallets, travelers have the benefit of instant access to multiple currencies. Money for purchases is usually drawn from a bank account. ATMs can be accessed and Cryptocurrencies like BitCoin can be converted to government-issued currency using a digital wallet.

There are individuals and companies that use digital wallets exclusively. Anyone contemplating following that example needs to know a few things.

Be certain that in your community you can digitally purchase the goods and services you need. Many local businesses may not take mobile payments. Conflicts arising from the use of a digital wallet like chargebacks must be handled by the wallet’s provider. To protect consumers digital wallet providers are legally required to maintain safeguarded bank accounts.

The US and the European Union both protect bank accounts. As of this writing, there are no such protections in place for digital wallets. This is of particular concern to people and businesses that carry a high balance in their digital account.

Issues arising from the use of a digital wallet like fraudulent charges must be handled by the wallet’s provider. To protect consumers digital wallet providers are legally required to maintain safeguarded bank accounts.

Banks offer other advantages over going strictly digital. By law currency kept in digital wallets cannot draw interest. The providers cannot provide overdraft protection or loans. To offset these rules providers may reduce the fees on large balances.


In related news PSI-Pay and Kerv have partnered. PSI-Pay brings their Master Card License to the partnership. Globally Kerv customers can now use the company’s contactless payment ring globally in 38 million locations.

The word “ring” refers to a finger ring that eliminates the need to carry a wallet or card. When you make a purchase you swipe the ring as you would a credit or debit card.

Operating in the United Kingdom PSI-Pay is a Fintech company that is regulated by UK law. PSI-Pay provides payment solutions to companies. Kerv is an alternative payment company.

Kerv users can use debit or credit cards to load their account. Paypal and transfer from bank accounts may also be used.

Luiz Carlos Trabuco Cappi; Bradesco Has A New President

Banco Bradesco is Brazil’s largest serving financial services institution. Also appended to the fact that it controls major economies in the industry, it is evident that the banking institution has revolutionized Brazil’s banking industry. Most essentially, Banco Bradesco has managed to cement its name among the movers and shakers of the builders of the country’s healthy economy. Recently, the management announced a shift in the bank’s leadership when Brandao de Mello resigned in late 2017. Therefore, Luiz Carlos Trabuco Cappi was asked to step in for him as the management worked on a replacement. That is how he became a temporary president in the banking institution.

Background Data

Furthermore, Luiz Carlos Trabuco had initially been serving as the chief executive officer of the bank. Now that he was the president as well, he was in charge of two managerial positions, a role that is not easy to play given Brazil’s ever growing economy and demand. Now to balance the responsibilities, the board of directors at Banco Bradesco held a meeting to select a new president; Octavio de Lazari it is. The decision to make him president was solely based on his personal attributes and past experiences. Aside from that, he has been very instrumental in the capacity of a vice president. This is a clear indication that Octavio de Lazari has been handling his responsibilities as recommended.

Read more: O Bradesco, de Brandão a Trabuco

New Presidency

On the other side, Carlos Alberto will take over the vice presidency of the company. Having worked with Bradesco since he was thirteen years old, it is factual that he is capable of handling the responsibilities he has been entrusted with. Despite these changes, Luiz Carlos Trabuco Cappi has noted that it is necessary to have a new leader on board once in a while. Well, it is factual that the leadership of Banco Bradesco is taking a new dimension. At the AGO Meeting, it was further discussed that the new roles of the new president must be linked to the roles of the longest-serving president who resigned; Brandao de Mello.

Additional Information

Luiz Carlos Trabuco Cappi joined the bank as clerk decades ago when he was only 17 years. At that moment, he made sure that he his name was easily identified from the rest thanks to his commitment to deliver excellent results to the management. Besides, Luiz Carlos Trabuco Cappi ensured that he served the management and clients accordingly. In his tenure as the president and even a clerk in his first year of service, he made sure that he created more leadership opportunities for Bradesco in the banking industry especially.

The Overview

Well, Luiz Carlos Trabuco Cappi has more than often made sure that Banco Bradesco is on the lead of various businesses by providing clients with selective investment opportunities for businesses. Also, he has worked on improving Bradesco’s ability to provide excellent services according to His skills definitely reflect the value of corporate governance in the banking industry. Most critically, his role in the business is observed as instrumental.

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Luiz Carlos Trabuco Cappi, President Of Bradesco

Luiz Carlos Trabuco Cappi was born in Marilia, São Paulo, Brazil on October 6th of 1951. Although he is an executive in the banking field, he holds a degree in philosophy that he attained at the University of São Paulo while others in the industry have degrees in administration, accounting, engineering, and economics. Luiz also has a post-graduate degree in Socio-psychology after attending School of Sociology and Politics of São Paulo.

Trabuco is currently the Chief Executive Officer (CEO) at Bradesco which is one of Brazil’s largest banks. Bradesco is located in the City of Osasco, a metropolitan area in São Paulo, Brazil, and has 38,430 “Bradesco Expresso” Units, 5,314 branches and 4,834 service branches. Expresso Units have partnerships with drugstores, supermarkets, department stores and various other retail facilities. Trabuco has been working at Bradesco for 40 years and those who know him feel he was “Born to work for Bradesco,” due to his wisdom, professionalism, and persistence in a successful career path.

Lazaro de Mello Brandao worked as chairman at Banco Bradesco SA, Brazil’s second-largest bank by market value for more than 25 years but, at the age of 91, he is stepping down, with Cappi as his successor. Luiz Carlos Trabuco Cappi, the current CEO at Bradesco will hold both positions until the lender elects a new CEO in March.

Brandao began his career back in 1943 as a 16-year old clerk, eventually becoming just one of two chairmen at Bradesco in addition to being one of four CEOs, a title that he held from 1981 through 1999. In his long-term capacity, he is known as the world’s oldest banking leaders as documented by Bloomberg. Even after resigning, Brandao will remain in charge of numerous Bradesco holding companies.


When choosing other officials within the company, protocol, as set forth by Brandao, is to recruit executives from within Bradesco’s existing ranks. Brandao believed in promoting from within the company rather than seeking new talent elsewhere. CEO Luiz Carlos Trabuco Cappi will hold the position as chairman while Brandao considers a new CEO choice among seven high-ranking executives within the ranks of the company.

The by-laws within the bank organization state that the maximum age has changed for CEOs from 65 to 67, permitting Trabuco until the start of the new year to find his new successor according to He was involved in a Zelotes tax-fraud case but has been cleared of any charges in the situation.

With his recent decision, Brandao plans to hold onto the same desk that he has worked at for the past couple of years. He has no regrets after 75 years with the company, although his family is pleased with his decision. The list of seven possible candidates being considered for the CEO position are:

• Domingos Figueiredo Abreu, 58, has been with the company since 1981. His expertise is in the lending department and the bank’s treasury. He is being investigated in the Zelotes tax-fraud probe, but no charges are pending.
• Mauricio Machado de Minas, 58, has been with Bradesco since 2009 and is responsible for the company’s IT department. He worked previously at CPM Braxis, SA, an IT company.
• Josué Augusto Pancini: Pancini, 57, has been with the bank organization since 1975 and is in charge of Bradesco’s network and high-income subdivision.
• André Rodrigues Cano, 59, is an executive in the Human Resources Department, working at Bradesco since 1977.
• Alexandre da Silva Gluher: Gluher, 57, has been with the bank since 1976 and is the Chief Risk Officer.
• Marcelo de Araujo Noronha, 52, joined Bradesco in 2003 and is in charge of investment and corporate banking.
• Octavio de Lazari: Lazari, 54, has been with the company since 1978. Last May, he was appointed as the leader in the lender’s insurance unit.

All candidates have impressive credentials within the Bradesco Banking Organization, and a decision regarding the next CEO will be announced before year’s end.

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The Success of The Highland Capital Management Firm

Of the many investment firms to use as a consulting firm in order to make the best investment with the least risk as well as the highest return, the Highland Capital investment firm has become the best choice over the years that not only takes care of the investment, but also tailors the investment to each individual. James Dondero is the co-founder as well as the current President of Highland Capital Management. James Dondero has made sure to build the reputation of the investment firm over several years and has made sure that individuals understand that time and effort that the employees at this firm use in order to ensure the best investment available. With numerous resources, James Dondero and his team have access to information that can secure a high return for the future. A perfectly tailored investment plan that is also diversified is exactly what is in store for any client working with James Dondero and the company.


James Dondero built Highland Capital Management in 1993 in Dallas, Texas. James Dondero is not only happy of the success that the investment firm has brought to his many loyal customers, but is also happy of the economic growth that has been the results of his many efforts to improve the investments of individuals. With a successful investment firm in Dallas, wealthy individuals are looking to increase their investment within the city. Over the past 20 years, James Dondero has not only brought wealth to individuals, but has also brought wealth to communities within Dallas.


As a businessman and a leader of a company, James Dondero is not only dedicated to his clients, but also has wanted to make sure that the communities within Dallas see the wealth. As a result, James Dondero has created a charity branch of the company that looks to offer funds to worthy organizations and foundations that look to improve the community. James Dondero and his company have already donated $3 million with the expectation that he will donate even more in the future to make sure that everyone sees a Dallas that continues to prosper.