Chattanooga, TN (PRWEB) January 23, 2014
Paybefore has selected TransCard, LLC, as a 2014 Paybefore Awards winner in the Breakout Company of the Year category. For eight years, Paybefore Awards has conferred the most prestigious recognition of excellence in the worldwide prepaid, mobile and emerging payments industry. The awards are presented annually by Paybefore, whose publications are the leading source of industry information for alternative payments executives.
“We are proud to be awarded as a Breakout Company of the Year in the Paybefore Awards,” said Craig Fuller, CEO of TransCard. “TransCard has proven that the customers of community financial institutions are the future of prepaid. By combining world-class processing with innovative products through exclusive distribution channels, TransCard is excited to drive prepaid to the next level.”
TransCard was selected by a panel of five industry experts who served as judges for this year’s competition, which—once again—included a record number of entries from around the world.
“An industry is only as good as its innovators. This year’s Paybefore Awards have demonstrated that prepaid, emerging and mobile payments companies always find new ways to address consumer, government and business needs,” said Loraine DeBonis, Paybefore editor-in-chief and chair of the judging panel. “We are proud to recognize Your Prepaid MasterCard Program contributions to advancing the industry.”
“The companies and programs recognized in the 2014 Paybefore Awards are great of examples of what can be accomplished when innovators apply thoughtfulness and payments technology to address real-world needs,” added Marilyn Bochicchio, Paybefore’s CEO.
In 2013, TransCard focused on growing its community financial institution channel, enhancing the distribution platform and growing its product offerings. As a leading provider of prepaid to financial institutions of all sizes, particularly community institutions, and the processor for the American Bankers Association, TransCard is combining world-class processing with innovative products through exclusive distribution channels.
TransCard grew from servicing 90 to almost 300 financial institution clients in 2013.
TransCard now will vie for Best-in-Category distinction, which will be announced during the Paybefore Awards ceremony on March 4 at the All Payments Expo. For the second year, visitors to Paybefore.com will have a chance to vote on Best in Category. The outcome of this vote (counted as one-sixth of the total) will be combined with the five judges’ picks to determine Best-in-Category honorees.
TransCard’s network includes over 300 shopping mall locations, over 270 financial institutions (FIs) with over 5,000 branch locations, and leading hospitality companies and is the leading provider of prepaid debit card services to FIs nationwide. TransCard also operates the Community Bank Prepaid Program in partnership with the American Bankers Association. As both a processor and a program manager, TransCard's 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. For more information, visit http://www.transcard.com and follow us on Twitter: @TransCardLLC.
Paybefore is the leading information provider to prepaid, mobile and emerging payments industry professionals, offering the latest news, commentary and analysis. Paybefore’s family of industry publications includes: Paybefore.com; Pay NewsTM; Pay GovTM; Pay WeekTM; Pay Op-EdTM; Pay MagazineTM, a biannual print publication featuring in-depth articles on the opportunities, challenges and trends in the global payments industry; and the only industry directory, Pay ConnectTM buyer’s guide, available online and in print. Visit us at http://www.paybefore.com.