Transcard announces the launch of Transcard Green, a division that supports the development, education, and promotion of environmentally sensitive projects in the pre-paid space. As part of this initiative, Transcard will honor Earth Day 2008 by donating 100% of the transaction fees on April 22, 2008 to charities involved in preserving and restoring the Amazon Rain Forest.
CHATTANOOGA (Business Wire EON) April 7, 2008 --
Transcard announces the launch of Transcard Green, a division
that supports the development, education, and promotion of
environmentally sensitive projects in the pre-paid space. As part of
this initiative, Transcard will honor Earth Day 2008 by donating 100% of
the transaction fees on April 22, 2008 to charities involved in
preserving and restoring the Amazon Rain Forest.
Craig Fuller, CEO of Transcard stated, “Last
month, Transcard announced the launch of Transcard Mobile, a text-based
payroll stub that allows employees to receive their stubs electronically
on a text-based mobile phone, eliminating the use of paper and waste in
the process. We received overwhelming response and a number of inquires
from organizations that not only want to utilize this green initiative,
but requested for us to expand our green efforts.”
Among the initiatives, Transcard Green will:
-
Expand the mobile and electronic payroll stubs that help to reduce the
220,000 trees that are destroyed by the production of payroll stubs
that are thrown away and never opened
-
Work with clients to establish a car-pool gasoline incentive program
for their employees using a card
-
Add mass-transit incentive programs to the Transcard payroll card
product
-
Provide marketing resources and investment in prepaid programs that
have environmental friendly components
-
Recruit and develop programs that support green initiatives
-
Educate employers on the environmental advantages of electronic
payroll-card programs over paper-based payroll programs
-
Invest in technologies and systems that provide reduction in carbon
emissions across all of the Transcard product offerings
-
Incubate card programs which support green initiatives
“On Earth Day 2008, Transcard payroll card
users can take comfort in knowing that all proceeds from their
transactions will go toward supporting projects that preserve our Rain
Forests. We encourage other payroll card providers to take similar
actions, highlighting the environmental benefits of payroll cards. After
all, what is good for the environment is also good for business,”
Fuller concluded.
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, health care and
gift card products and services. Transcard processed over $1.2 billion
in electronic transactions in 2007 and expects to reach $1.8 billion in
2008.
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