CoreCard Corporation Announces New Board Member

Rhea-AI Summary

CoreCard Corporation (NYSE: CCRD) has appointed Kathryn Petralia as an independent Director. With a strong background in fintech, Ms. Petralia co-founded Kabbage, which was acquired by American Express in 2020. She also held leadership roles at Revolution Money and CompuCredit. Leland Strange, Chairman and CEO, expressed confidence in her ability to contribute significantly to the board. CoreCard provides a card management platform serving major companies and aims for sustainable growth in the evolving payments sector.

Positive

• Appointment of Kathryn Petralia brings extensive fintech experience.
• Petralia's background includes successful startups and leadership roles.
• Expected to enhance CoreCard's strategic direction and innovation.

Negative

• None.

NORCROSS, Ga., Oct. 04, 2022 (GLOBE NEWSWIRE) -- CoreCard Corporation (NYSE: CCRD) announced the addition of a new board member, Kathryn Petralia, to serve as an independent Director of the Company. Ms. Petralia is the Co-Founder of Keep Financial, a fintech compensation platform that helps employers and employees stay together longer and happier. Prior to starting Keep, Kathryn Co-Founded Kabbage, a financial services, technology and data platform for small businesses that was acquired by American Express in 2020. Prior to Kabbage, Kathryn spent nearly 15 years with fintech and ecommerce startups. After graduating from Furman University with an English degree, Kathryn pursued her interest in technology to launch a number of successful startups. She also served as Vice President of Strategy for Revolution Money, which was acquired by American Express, and was the director of corporate development for CompuCredit (now Atlanticus). In 2018, she was named to Forbes’ list of the World’s Most Powerful Women.

Leland Strange, Chairman and CEO of CoreCard Corporation, stated, “We are pleased to welcome Ms. Petralia as a director and believe that Kathryn’s extensive background as an entrepreneur in the financial technology industry will make her a valuable addition to our board. She is a talented executive and we look forward to her future contributions as a director of the Company.”

About CoreCard Corporation
CoreCard Corporation (NYSE: CCRD) provides a pioneering card management platform built for the future of global transactions in a digital world. Dedicated to continual technological innovation in the ever-evolving payments industry backed by decades of deep expertise in credit card offerings, CoreCard helps customers conceptualize, implement, and manage all aspects of their issuing card programs. Keenly focused on steady, sustainable growth, CoreCard has earned the trust of some of the largest companies and financial institutions in the world, providing truly real-time transactions via their proven, reliable platform operating on private on-premise and leading cloud technology infrastructure.

For further information, call
Matt White, 770-564-5504 or
email to matt@corecard.com 

FAQ

Who is Kathryn Petralia?

Kathryn Petralia is the newly appointed independent Director of CoreCard Corporation and co-founder of Keep Financial and Kabbage.

What experience does Kathryn Petralia bring to CoreCard?

She brings extensive experience in fintech, having co-founded Kabbage and held leadership positions at Revolution Money and CompuCredit.

What is the significance of Petralia's appointment for CCRD?

Her appointment is expected to enhance CoreCard's strategic direction and innovation in the financial technology space.

What does CoreCard Corporation do?

CoreCard provides a pioneering card management platform designed for global transactions in a digital environment.