TransCard LLC To Expand Chattanooga Operations

Thursday, May 16, 2013

TransCard, LLC will expand its operations on Jenkins Road in Chattanooga. The expansion is a result of TransCard acquiring HQ Gift Cards, Inc., located in Louisville, Ky., along with the organic growth of their core bank business. TransCard’s expansion represents a $925,000 investment and will create 69 new jobs in Hamilton County. The announcement was made by Tennessee Department of Economic and Community Development Commissioner Bill Hagerty along with TransCard officials.

“Tennessee’s extensive technology infrastructure and pro-business climate offer companies a significant competitive advantage in today’s global marketplace,” Commissioner Hagerty said. “Under Craig Fuller’s visionary guidance, TransCard has become part of the great entrepreneurial DNA of this state. Craig and his team have built a world class technology company and we are proud that they call Tennessee home.”

“The future of banking is being built right here in Chattanooga. TransCard's network of 180 banks — or 3% of the total banking market — has expanded from just one bank in January 2011. In April 2013, alone, TransCard signed over 55 banks around the country who are now taking advantage of our technology platform to deliver powerful payment solutions. Cash and checks are being eliminated at a mind-boggling pace, and electronic forms of payment are replacing paper-based offerings. Cards, mobile payments, and virtual payment applications are all becoming more and more relevant in our lives today,” TransCard Chief Executive Officer Craig Fuller said. “As a leading provider of emerging payments to banks around the country, TransCard is excited to expand our presence in Chattanooga.”

Chattanooga Mayor Andy Berke said TransCard is one of Chattanooga’s entrepreneurial success stories. “By combining technology and innovation, TransCard has emerged as a leader in their industry,” Mayor Berke added. “Working to grow businesses made in Chattanooga, like TransCard, will fuel our growth as a city for years to come.”

Hamilton County Mayor Jim Coppinger agreed with the importance of supporting entrepreneurial companies. “When a homegrown company like TransCard continues to add family-wage jobs, we have much to celebrate,” Coppinger said. “TransCard’s growth means more job opportunities, but it also serves as a positive economic indicator for the future.”

“Over the long-term, existing companies like TransCard will drive most job creation in our community,” Vice President of Economic Development for the Chattanooga Chamber Charles Wood said. “As we seek to win expansion and recruitment projects, TransCard gives us an outstanding demonstration of the excellent business climate we provide for headquarters, back office, and financial transaction operations.”


Unemployment Rate Decreases In 86 Of 95 Tennessee Counties

County unemployment rates for March show the rate decreased in 86 Tennessee counties, increased in four, and remained the same in five. Specific county information for March is available on the Internet; enter http://www.tn.gov/labor-wfd/labor_figures/March_Laborestimates.pdf . Davidson County had the state’s lowest major metropolitan rate of 5.5 percent in March, down ... (click for more)

Natalie Roy Joins Full Media's Chattanooga Office

Internet marketing and website development company, Full Media, recently hired Natalie Roy as an Internet marketing analyst in the company’s Chattanooga office. Ms. Roy joins Full Media with an extensive background in public relations and marketing. A Chattanooga native, she is dedicated to the community and growing businesses within it. “I care deeply about Chattanooga, so ... (click for more)

Berke Names Fred Fletcher, Of Austin, Tex., New Chattanooga Police Chief

Mayor Andy Berke announced Thursday that Fred Fletcher of Austin, Tex., is his pick for Chattanooga Chief of Police. With 20 years of experience in law enforcement, Mr. Fletcher has served in an executive, command, or supervisory role for 12 years.  As commander in Region III of the Austin Police Department, Mr. Fletcher spearheaded community initiatives including a drug market ... (click for more)

Child, 23 Months, Found Dead In Crib With Fentanyl Patch On Back; Death Ruled Homicide

A 23-month-old Chattanooga boy has been found dead in his crib with a Fentanyl patch on his back. The death of Demarcus Bryant at 7655 Borris Dr. last month was ruled a homicide. An autopsy report says he died from "Fentanyl patch placed by someone else." Chattanooga Police are investigating. No one has yet been charged. The child was found face down in his crib. ... (click for more)

A Slap In The Face To Local Police Applicants

Little Andy has once again shown what he thinks about the Chattanooga Police Department by ignoring all the applicants from within the department. There were several great candidates within the police department that had as much experience as the chosen one from 1,000 miles away. This is a slap in the face for any officer who is at the Chattanooga Police Department who has aspirations ... (click for more)

Roy Exum: Northwestern Players Vote

The National Labor Relations Board, 0-1 this week after the United Auto Workers cancelled a hearing one hour before it was to begin in Chattanooga, has another chance for a last-minute finish today. In what will be under a more harsh light, the Northwestern University football team is expected to vote on whether to become a union Friday morning. Yesterday afternoon there remained ... (click for more)