Newtek Bank, N.A. Hires Fuad Capric as Chief Real-Time Payments Officer

Rhea-AI Summary

NewtekOne (NASDAQ: NEWT) announced that Newtek Bank hired Fuad Capric as Chief Real-Time Payments Officer to integrate its new real-time payments functionality for commercial clients. The bank also rebranded Newtek Merchant Solutions as Newtek Real-Time Payment Solutions, aligning card, ACH, and wire payments with the Newtek Advantage portal and Newtek Zero-Fee Business Banking.

Positive

• Appointment of experienced Chief Real-Time Payments Officer to lead payment strategy
• Launch and rebranding to Newtek Real-Time Payment Solutions focused on instant payments
• Integration of real-time payments with Newtek Advantage business portal and analytics
• Promotion of Newtek Zero-Fee Business Banking account as part of bundled offering

Negative

• None.

News Market Reaction – NEWT

+0.07%

+0.07% Session close to close

In the Jun 2 session, NEWT gained 0.07%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement expands NewtekOne’s real-time payments strategy by adding an experienced Chief Rea...

Analysis

This announcement expands NewtekOne’s real-time payments strategy by adding an experienced Chief Real-Time Payments Officer with oversight of substantial prior payment volumes. It builds on earlier instant payment initiatives and the Newtek Advantage platform aimed at small businesses. Investors may watch how quickly these capabilities translate into client adoption, deposit gathering, and fee opportunities, especially relative to the strong 1Q26 results and recent balance-sheet optimization steps reported in prior filings and releases.

Key Figures

Industry experience: Over 20 years Team size led: Over 80 professionals Annual payment volume: $275 billion +3 more

6 metrics

Industry experience Over 20 years Experience leading enterprise payment strategy and operations

Team size led Over 80 professionals Payments team led at Flagstar Bank N.A.

Annual payment volume $275 billion Total annual payment volume overseen at Flagstar Bank N.A.

Wire transfer volume $250 billion Annual wire transfer volume overseen at Flagstar Bank N.A.

ACH volume $20 billion Annual ACH transaction volume overseen at Flagstar Bank N.A.

Credit card volume $5 billion Annual credit card payment volume overseen at Flagstar Bank N.A.

Historical Context

5 past events · Latest: May 13 (Neutral)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
May 13	Investor conferences	Neutral	-1.8%	Outlined participation in three late-May 2026 investor conferences.
May 05	Conference selection	Positive	+1.0%	Chosen for Emerging Company Pavilion at 2026 Sohn New York Conference.
May 04	Instant payments launch	Positive	-2.3%	Enabled instant FedNow and RTP payments 24/7/365 for commercial customers.
Apr 30	1Q26 earnings	Positive	+1.2%	Reported higher EPS, strong ROAA/ROAE and sharply higher deposits.
Apr 10	Debt facilities change	Positive	+1.8%	Paid down and expected to terminate subsidiary credit facilities, shifting lending to bank.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent fundamentally positive announcements (earnings, balance sheet actions, conference visibility) more often saw modest gains, but the FedNow/RTP launch drew a negative reaction, showing occasional divergence on strategic tech news.

Recent Company History

Over the past few months, NewtekOne reported solid 1Q26 results with EPS of $0.43, book value per share of $12.36, and deposits nearing $1.9B, alongside a $295M securitization and retirement of $95M of senior notes. It has highlighted its technology-enabled small-business banking model and instant payments capabilities. Prior news on FedNow/RTP functionality and conference participation framed Newtek as a growing, tech-focused regional bank, and today’s leadership hire in real-time payments extends that strategy.

Key Terms

ach, wire transfers, treasury services, reg e, +4 more

8 terms

ach financial

"across all payment channels – ACH, wire, card, and digital."

ACH (Automated Clearing House) is an electronic network banks use to move money between accounts, like a digital mail carrier that delivers payroll, dividends, bill payments and other transfers. Investors care because ACH affects how quickly a company can pay shareholders, collect revenue or move cash for operations; slower or disrupted ACH flows can change available cash, timing of dividends and short-term liquidity assumptions.

wire transfers financial

"including $250 billion in wire transfers, $20 billion in ACH transactions"

An electronic bank-to-bank payment that moves money directly from one account to another, often used for large or time-sensitive transfers and international payments. Like sending a secure digital courier carrying cash, wire transfers are usually faster and more final than checks but can carry fees and limited ability to reverse mistakes. Investors care because they affect cash availability, timing of trades, corporate payouts and deal closings, and carry operational and fraud risks.

treasury services financial

"oversaw the ACH, wire, debit card, treasury services, and digital payment ecosystems"

Treasury services are banking tools and routines that help a company manage its cash flow, pay bills, collect receipts, handle currencies and invest short-term funds — like a combined checking account, bill-pay system and short-term savings plan for a business. Investors care because strong treasury practices keep a company liquid and lower financing costs, reducing the risk of missed payments and improving returns on idle cash.

reg e regulatory

"regulatory oversight across Reg E, NACHA, and fraud frameworks."

Reg E is a U.S. consumer-protection rule that governs electronic money movements—like ATM withdrawals, debit card purchases, direct deposits and online transfers—and requires clear disclosures, quick error resolution, and limits on a consumer’s liability for unauthorized transactions. For investors, it matters because it shapes how banks and payment companies build products, how much they must spend on compliance and customer remedies, and the legal and reputational risks that can affect profits and valuation.

nacha regulatory

"regulatory oversight across Reg E, NACHA, and fraud frameworks."

NACHA is the organization that sets the rules and standards for the ACH network, the main plumbing that moves electronic bank-to-bank payments like direct deposits, bill payments and business transfers in the U.S. For investors, NACHA matters because its rules and timing affect how quickly companies receive or send money, how payroll, dividends and supplier payments clear, and how financial technology companies and banks operate and manage cash — think of it as the traffic rules for large-scale electronic money movement.

real-time payments technical

"integrating the Bank’s recently added real-time payments functionality"

Real-time payments are electronic transfers that move money between bank accounts almost instantly and are available around the clock, unlike traditional overnight or batch transfers. For investors, this matters because faster payments improve a company’s cash flow, reduce the time money sits unpaid, and can change revenue and cost dynamics for banks, payment processors and businesses—think of it like receiving a text message instead of waiting for a letter.

payment rails technical

"move money in real time across all payment rails, which is a unique capability"

Payment rails are the networks and systems that move money electronically between buyers, sellers, banks and payment processors—think of them as the roads and tunnels that let cash travel from one place to another. They matter to investors because their speed, cost, reliability and geographic reach affect a business’s ability to collect revenue, control costs, expand into new markets and manage fraud risk, which in turn influences profitability and growth prospects.

treasury management solutions financial

"many large U.S. banks, which reserve their best treasury management solutions"

Treasury management solutions are the tools and services companies use to handle their cash, payments, short-term investments, and financial risks—think of them as a business’s cash-flow toolbox and control center. They matter to investors because efficient treasury practices help a company meet bills, invest idle cash, reduce borrowing costs, and protect against currency or interest swings, which can directly affect profitability and financial stability.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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NewtekOne Emphasizes Real-Time Payments as New Frontier for Payment Transactions

BOCA RATON, Fla., June 02, 2026 (GLOBE NEWSWIRE) -- NewtekOne, Inc. (“NewtekOne”) (NASDAQ: NEWT) announced that its wholly owned subsidiary, Newtek Bank, N.A. (the “Bank”), has hired Fuad Capric as Chief Real-Time Payments Officer. Mr. Capric will focus on integrating the Bank’s recently added real-time payments functionality, which gives its commercial clients the ability to receive eligible payments in real time. Mr. Capric will report to NewtekOne’s Chief Executive Officer, Barry Sloane, and Chief Risk Officer, Taylor Quinn.

Mr. Capric has proven himself by executing large scale payment transformations, including enterprise-wide platform and wire system conversions, and brings over 20 years of experience leading enterprise payment strategy, operations, and transformation across all payment channels – ACH, wire, card, and digital. Most recently, at Flagstar Bank N.A., he led a team of over 80 professionals and oversaw the ACH, wire, debit card, treasury services, and digital payment ecosystems, which involved the processing of more than $275 billion of annual volume, including $250 billion in wire transfers, $20 billion in ACH transactions, and $5 billion in credit card volume. Mr. Capric was also responsible for strategic vendor management of Fiserv and payment networks and regulatory oversight across Reg E, NACHA, and fraud frameworks.

Barry Sloane commented, “We are pleased to welcome Fuad Capric as the new Chief Real-Time Payments Officer of Newtek Bank, N.A. We are positioning NewtekOne to redefine how independent business owners process payments and move money and believe our differentiated approach, unlike many traditional banks or fintechs, offers our clients a comprehensive, integrated solution for payment processing and financial management from a regulated financial institution.”

Mr. Sloane continued, “We have established a newly branded business model - “Newtek Real-Time Payment Solutions” – and re-branded our electronic payment processing subsidiary Newtek Merchant Solutions, LLC as “Newtek Real-Time Payment Solutions,” as businesses today are demanding instant payment functionality for sending and receiving money. Through this model, we aim to empower clients to process payments and send and receive money by credit card, debit card, ACH, or Fed wire without the complexity of traditional payment terminology. Our goal is to provide a complete, cost-effective menu of services, seamlessly integrated into accounting platforms and the Newtek Advantage^® business portal, which includes our depository solution for small businesses and provides real-time analytics to help clients better understand their businesses.”

Mr. Sloane explained further, “Unlike many large U.S. banks, which reserve their best treasury management solutions and technology for Fortune 1000 clients, and many regional and community banks that typically offer low interest rates on business deposit accounts and charge excessive fees, we offer a lower cost, superior all-encompassing solution. The Newtek Advantage^®, combined with our financial and business solutions verticals, can help our clients manage payroll, merchant services (card-present, card-not-present, and mobile), and real-time money movement with advanced analytics and direct integration to a Newtek Zero-Fee Business Banking^® account, which is a real, zero-fee account without an asterisk."

Mr. Sloane concluded, “By connecting Newtek Merchant Solutions, now known as Newtek Real-Time Payment Solutions, our payment processor, and providing the small business customer with state-of-the-art technology, we have created the right formula of earning the privilege of holding client deposits below the risk-free rate and providing transactional capabilities and a complete set of financial solutions. In other words, we earn the right to hold clients’ depository balances and to send and receive funds for them. In addition, we give clients the Newtek Advantage^®, which provides the customer with business data and analytics and the ability to move money in real time across all payment rails, which is a unique capability other banks do not offer.”

About NewtekOne, Inc.

NewtekOne^®, Your Business Solutions Company^®, is a financial holding company, which along with its bank and non-bank consolidated subsidiaries (collectively, “NewtekOne”), provides a wide range of business and financial solutions under the Newtek^® brand to independent business owners. Since 1999, NewtekOne has provided state-of-the-art, cost-efficient products and services and efficient business strategies to independent business owners across all 50 states to help them grow their sales, control their expenses, and reduce their risk.

NewtekOne’s and its subsidiaries’ business and financial solutions include: banking (Newtek Bank, N.A.), Business Lending, SBA Lending Solutions, Electronic Payment Processing, Accounts Receivable Financing & Inventory Financing, Insurance Solutions and Payroll and Benefits Solutions. In addition, NewtekOne offers its clients the Technology Solutions (Cloud Computing, Data Backup, Storage and Retrieval, IT Consulting and Web Services) provided by Intelligent Protection Management Corp. (IPM.com)

Newtek^®, NewtekOne^®, Newtek Bank^®, National Association, Your Business Solutions Company^®, One Solution for All Your Business Needs^® and Newtek Advantage^® are registered trademarks of NewtekOne, Inc.

Note Regarding Forward-Looking Statements
Certain statements in this press release are “forward-looking statements” within the meaning of the rules and regulations of the Private Securities Litigation and Reform Act of 1995 are based on the current beliefs and expectations of NewtekOne's management and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward-looking statements. See “Note Regarding Forward-Looking Statements” and the sections entitled “Risk Factors” in our filings with the Securities and Exchange Commission which are available on NewtekOne's website (https://investor.newtekbusinessservices.com/sec-filings) and on the Securities and Exchange Commission’s website (www.sec.gov). Any forward-looking statements made by or on behalf of NewtekOne speak only as to the date they are made, and NewtekOne does not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements were made.

SOURCE: NewtekOne, Inc.

Investor Relations & Public Relations
Contact: Bryce Rowe
Telephone: (212) 273-8292 / browe@newtekone.com

FAQ

What did Newtek Bank (NASDAQ: NEWT) announce on June 2, 2026 about real-time payments?

Newtek Bank announced hiring a Chief Real-Time Payments Officer and expanding its real-time payments capabilities for commercial clients. According to NewtekOne, this supports instant payments across credit card, debit card, ACH, and Fedwire, integrated with the Newtek Advantage business portal and deposit solutions.

Who is Fuad Capric and what is his role at Newtek Bank (NASDAQ: NEWT)?

Fuad Capric is Newtek Bank’s new Chief Real-Time Payments Officer. According to NewtekOne, he brings over 20 years of payments experience and will focus on integrating the bank’s real-time payments functionality, reporting to CEO Barry Sloane and Chief Risk Officer Taylor Quinn.

What is Newtek Real-Time Payment Solutions and how does it relate to NEWT stock?

Newtek Real-Time Payment Solutions is the rebranded name of Newtek Merchant Solutions. According to NewtekOne, it delivers real-time payment services across cards, ACH, and Fedwire, integrated with Newtek Advantage, supporting the broader business model behind NewtekOne’s (NEWT) small-business banking strategy.

How does Newtek Advantage support small-business clients of Newtek Bank (NEWT)?

Newtek Advantage is a business portal that integrates payments, payroll, merchant services, and analytics. According to NewtekOne, it connects to Newtek Zero-Fee Business Banking, offering depository services, real-time analytics, and access to multiple payment rails within a single, integrated platform for small-business customers.

What is Newtek Zero-Fee Business Banking and why is it highlighted for NEWT investors?

Newtek Zero-Fee Business Banking is promoted as a business account without fees. According to NewtekOne, combining this account with Newtek Advantage and Newtek Real-Time Payment Solutions aims to attract and retain small-business deposits while offering integrated real-time payments and financial tools.

How does Newtek Bank’s real-time payments strategy differ from traditional banks?

Newtek Bank positions its offering as a comprehensive real-time payments and business management platform for small businesses. According to NewtekOne, many large banks reserve advanced treasury tools for bigger clients, while its model bundles payments, analytics, and a zero-fee business account for smaller enterprises.