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TransCard and Fishback Financial Corporation Join Forces
CHATTANOOGA, Tenn. (Business Wire EON) November 13, 2008 -- "One of TransCard's primary goals in the coming months is to greatly expand our marketing efforts with several prepaid product lines," says Craig Fuller, CEO of TransCard. "Our focus will be on pay cards, business reward gift cards and selling our processing services. Having quality financial institutions as our partners is a critical element to executing that strategy. Fishback Financial Corporation is certainly a quality financial institution that will help us meet our goals."
Fishback Financial Corporation, through its subsidiaries, will be providing bank sponsorship, card issuing, transaction settlement and many other fundamental services for TransCard's prepaid card programs.
South Dakota's largest privately held financial holding company, Fishback Financial Corporation, has five subsidiary banks – both nationally and state-chartered – and assets totaling more than $1.5 billion.
"I think the partnership with TransCard will be beneficial not just for our two organizations, but for the many mutual clients that we will have," says David Waligoske, EVP of Fishback Financial Corporation. "Prepaid products are one of the largest areas of potential growth within the financial industry, and we are happy to partner with TransCard in offering them."
About Fishback Financial Corporation
Based in Brookings, SD, and family owned for over 128 years, Fishback Financial Corporation (www.fishbackfinancial.com) is a bank-holding company with more than $1.5 billion in assets. It has three state-chartered banks and two nationally chartered banks along the I-29 Corridor in eastern South Dakota and southwestern Minnesota. Fishback Financial Corporation and its banks have offered card-based products for more than 20 years, bringing a wealth of knowledge and expertise to the prepaid marketplace.
About TransCard
TransCard (www.transcard.com) is a top ten, stored-value processor and a global provider of transaction-based processing services. Transcard has provided stored-value processing services since 1993 and pay card products beginning in 1996. TransCard differentiates itself in the prepaid card industry by offering compliant solutions, real value, proprietary technology, mobile card management and stability. Its products include pay cards, gift reward cards, fleet services and stored-value processing. TransCard handles $1.4 billion in electronic transactions annually and was recently featured as a "10 to Watch" by Intele-Card News.
This press release has been reprinted from PRWEB per the terms and conditions of the copyright notice.
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