Transcard, a leading provider of prepaid card solutions has announced an agreement with Discover Financial Services (NYSE: DFS), to issue prepaid debit solutions. The Chattanooga-based provider will offer a variety of Discover Network-branded prepaid card programs, including payroll cards, general spend cards, fuel cards and student cards, on the Discover Network. Together, Transcard and the Discover Network will provide businesses the opportunity to design a payroll card program to meet their needs while allowing cardholders a safe, secure and convenient way to receive pay.
CHATTANOOGA, Tenn. (Business Wire EON) November 9, 2007 --
Transcard, a leading provider of prepaid card solutions has announced an
agreement with Discover Financial Services (NYSE: DFS), to
issue prepaid debit solutions. The Chattanooga-based provider will offer
a variety of Discover Network-branded prepaid card programs, including
payroll cards, general spend cards, fuel cards and student cards, on the
Discover Network. Together, Transcard and the Discover Network will
provide businesses the opportunity to design a payroll card program to
meet their needs while allowing cardholders a safe, secure and
convenient way to receive pay.
Craig Fuller, CEO of Transcard, states, “The
opportunities of partnering with Discover Network are immense. We are
able to expand our network, products and services; provide our customers
with a solid brand name of national recognition, and further expand our
prepaid debit card solutions to larger companies as a result of this
partnership. I am excited about the capabilities that will arise from
offering a Discover Network-branded card platform.”
Transcard will continue to provide businesses the implementation and
marketing to successfully transition into a prepaid card program and
provide cardholders 24/7 bilingual customer service and easy access to
account information. With the support of the Discover Network, Transcard
is provided an ideal platform to launch its technologies and services
while reaching out to a larger audience.
“Our agreement with Transcard further expands
our reach to offer businesses flexible prepaid programs that meet the
growing needs of their customers and employees,”
said Tom Crowder, general manager of Discover Network prepaid, Discover
Financial Services. “As a result, businesses
will have a greater opportunity to reduce costs, while increasing
profits and cardholder loyalty.”
About Transcard
Transcard is an industry leader in electronic transaction processing
services both domestically and internationally. Transcard offers
electronic funds transfer services including direct-to-card payroll
technology, electronic fuel and transaction processing, and global money
remittance and payment services. Transcard processes over $960 million
in electronic transactions annually and expect to reach $1.2 billion in
2007.
About Discover Network
Discover Financial Services (NYSE:DFS) operates the Discover Card with
more than 50 million cardmembers, the Discover Network with millions of
merchant and cash access locations, and the Goldfish credit card
business in the United Kingdom. Discover Financial Services also
operates the PULSE ATM/debit network, which serves more than 4,400
financial institutions and includes nearly 260,000 ATMs, as well as POS
terminals, nationwide. For more information, visit www.discoverfinancial.com.
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