|[January 15, 2013]
TransCard acquires HQ: Announces plans to introduce new prepaid products to mall operators
CHATTANOOGA, Tenn. --(Business Wire)--
TransCard today announced the acquisition of HQ, the nation's leading
program manager of mall-based prepaid card programs.
TransCard Headquarters, Chattanooga, Tenn. (Photo: Business Wire)
This represents a tremendous opportunity for TransCard to open new
retail distribution channels for a wide variety of prepaid products.
HQ Gift Cards currently provides management services for some of the
most successful mall gift card programs in the country, managing
operations for more than 300 malls and casinos, including 5 of the top 7
mall operators. They are the only player in the industry withthe
specialized experience and knowledge base to offer a completely turnkey
solution, including sales training; marketing support; logistics and
administration to the shopping center and casino industries.
TransCard CEO, Craig Fuller, stated, "We are excited about the
opportunity to expand our markets and secure a coveted distribution
channel. We have some exciting plans with the business and plan to
leverage our product-suite and world-class technology to the network of
mall operators. The acquisition of HQ is the latest in a series of new
product, marketing, channel and technology innovations from TransCard.
Many more such developments are planned for 2013."
TransCard is both a processor and a program manager, whose proprietary
technology platform is the envy of the industry. Our clients enjoy the
benefits of working directly with a company that is driving the
transactions and managing the data. This speeds up changes, increases
success in implementation and allows for maximum flexibility. Visit us
and follow us on Twitter.
Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20130115005900/en/
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