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.”


Over Qualified

The loss of a job can be somewhat of a traumatic experience.  Many emotions accompany this life altering event, there are many highs and just as many lows, I will explore the highs and lows at a later time, but what I want this article to focus on are two little words that have a very demoralizing affect on the job seeker, “Over Qualified.” Being labeled “Over Qualified,” ... (click for more)

Discover Italy In 2015 With The Chamber

The Chattanooga Area Chamber of Commerce will host Destination Italy, a trip to Tuscany and Rome, Aug .  18-26, 2015.   Destination Italy will explore Rome, Florence, Montecatini, Portofino and Pisa, visiting sites including the Colosseum, the Leaning Tower of Pisa and Florence’s Gallery of Fine Arts where Michelangelo’s David statue is housed. Leisure time is also ... (click for more)

Jo Ann Cronan Charged With Bribing Voters In Polk County; Similar Probe Underway In Monroe County

A Polk County woman has been charged with bribing voters. The Tennessee Bureau of Investigation began an investigation on July 24 into allegations of illegal activities related to the August general election in Polk County. The investigation was commenced at the request of District Attorney General Stephen Crump. The Tennessee Bureau of Investigation, along with Calvin Rockholt, ... (click for more)

Westfield Charged In Burning, Torture Of Kitten At Cleveland

An arrest has been made in the case of a kitten who was burned and tortured in Cleveland, Tn. At 12:50 p.m. on Tuesday, Gary A. Westfield, 31, of Cleveland, was placed in custody on a warrant obtained by Lt. Robert Harbison and Detective Matt Jenkins of the Criminal Investigations Division. Westfield was charged with aggravated cruelty to animals, which is a Class E felony. ... (click for more)

Chattanooga Has Lost Its Most Popular Citizen - Luther Masingill

Chattanooga has lost its most popular citizen – Luther Masingill. Although we are saddened we cherish the memories.  All of us have a Luther story.  Mine is the first time I met Luther.  This was before TV and all of Chattanooga listened to Luther on the radio.  I was 12-years-old.  Some of my buddies and I had gone to the State Theater in downtown ... (click for more)

Roy Exum: An Election Day Fable

Every day I am peppered with emails that friends send to me from across the country so I am unsure of where the fable you are about to read originated. But with early voting for the November general election now in full swing, I think everyone who will -- or will not -- take part in freedom’s greatest privilege should read this story because I believe there is a great lesson contained ... (click for more)