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.”



Matousek, Hill And Hamilton Join Pinnacle Financial Partners

Pinnacle has recruited Mike Matousek, Brandi Hamilton and Carrie Hill to deliver distinctive service and effective advice at its Broad Street office.  Mr. Matousek brings eight years of experience to his role of senior vice president and credit advisor for Pinnacle’s credit administration group. Before joining Pinnacle, he spent eight years with Branch Banking and Trust, ... (click for more)

Chattanooga Chamber Calendar Of Events Jan. 22-26

Here is the Chattanooga Chamber calendar of events for Jan. 22-26:  Jan. 22 Reality Check at Sale Creek High School 8:15-10:15 a.m. ale Creek High School: 211 Patterson Road If you would like to volunteer in presenting this household budget exercise to ninth graders, contact Cathy Humble at chumble@chattanoogachamber.com or at 763-4321.  Jan. 23 East Brainerd ... (click for more)

Hamilton County Sheriff's Deputy In Officer-Involved Shooting At Lakesite

A Hamilton County Sheriff's Office deputy was involved in an officer involved shooting in the Lakesite area on Friday morning.   Authorities said it happened around 10:15 a.m. near the 1900 block of Wilkes Avenue.  District Attorney Neal Pinkston has been advised and has asked the TBI to conduct the formal investigation.  No Sheriff’s personnel ... (click for more)

EPB Video As Percentage Of Fiber Customers Going Down, But That's Fine With Management

With more and more video customers turning to streaming options, EPB's video is dropping as a percentage of overall fiber customers. But that's fine with EPB management, knowing that all that video streaming needs a wide fiber pipeline to go through. EPB is positioned with the best "gig" service. Greg Eaves, chief financial officer, said 65 percent of EPB fiber customers now ... (click for more)

Thank You, Dr. Martin Luther King, Jr.

Thank you, Dr. King for stepping-out.  Thank you for your lasting voice to what it's all about. Thank you, Dr. King for  stepping up and also showing-up, ...when decisions were being made and  your refusal  to shut-up.  We find your fingerprints on both directions and toward progress.  your modeling, mentoring,  and reactions helps ... (click for more)

Roy Exum: This Is Not A Drill

Last Saturday morning in paradise, at 8:07 to be precise, an alert appeared on every cell phone that read: “BALLISTIC MISSILE THREAT INBOUND TO HAWAII. SEEK IMMEDIATE SHELTER. THIS IS NOT A DRILL.” I can envision no greater horror than having to ask myself how much time do I have, and what is the wisest way to spend it? It was a long and dreadful 38 minutes until the correction ... (click for more)