UPCOMING EVENTS
TransCard Expands Automated Bill Payment Application into Robust Enterprise Payment Offering
07/09/2010
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CHATTANOOGA, Tenn.--(BUSINESS WIRE)--TransCard (www.transcard.com) - a leading provider of electronic payment and prepaid MasterCard®, Discover®, STAR and PULSE debit card solutions - announces a new initiative to expand its market leading bill payment platform into a complete suite of enterprise payment settlement and reconciliation services.
“Companies see the TransCard payment application as having broader applications than payroll or settlement services.”
The new product line, offered specifically to enterprise clients, takes advantage of TransCard’s leading automated payment toolkit, including attaching pay anyone bill-pay, card, check, EBT, and person-to-person payments with a robust set of tools for managing, monitoring, and recording payments. Unlike traditional bank products, prepaid cards offer more financial control over the payment amounts, including the ability to segment balances by division, department, project, or even person. With the use of TransCard’s leading financial manager tool, organizations can itemize and profile expenses, matching to categories and auto budgeting payments. The toolset is also integrated into TransCard’s state-of-the-art alert-system which can broadcast transaction alerts to multiple destinations, including mobile, email, API, and RSS.
“When we rolled out our bill pay function, we intended for the application to focus on individual payments. We never imagined enterprises would have a broader vision on how they could use our automated payment features,” says Craig Fuller, TransCard’s Founder. “Companies see the TransCard payment application as having broader applications than payroll or settlement services.”
TransCard recently added Greg Haney, former SVP of Fiserv’s Biller solutions as COO. Greg was an integral part of the team that built BillMatrix into an industry leader in the bill payment space and was later acquired by Fiserv. At Fiserv, Greg was responsible for operations including the Treasury Services and Banking Operations groups of Fiserv’s Biller Solutions. “We are exited to have Greg join our team. His payments expertise will be key to helping us understand how our technology can be scaled into a robust enterprise payment system,” indicated Fuller.
About TransCard
TransCard (www.transcard.com) provides custom, turnkey prepaid programs for corporate, non-profit and government organizations. TransCard is one of a few privately held core processors in the world, providing prepaid debit card solutions branded with MasterCard®, Discover®, STAR and PULSE associations. The company is apart of the US Xpress family companies, a $2 billion dollar logistics and supply-chain management enterprise.
TransCard is the technology leader in enterprise prepaid, offering a complete suite of turnkey prepaid solutions. TransCard continues to set itself apart through constant product innovation, including pay card programs, settlement card services, clinical research payments and mobile payment processing. TransCard’s clients include large Fortune 500 companies, government agencies and major medical research institutions. All funds are held in FDIC insured accounts and customers can take comfort in knowing their funds are safe, backed by a billion-dollar family enterprise.
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