TransCard acquires HQ: Announces plans to introduce new prepaid products to mall operators

CHATTANOOGA, Tenn.--(BUSINESS WIRE)--TransCard today announced the acquisition of HQ, the nation’s leading program manager of mall-based prepaid card programs.

This represents a tremendous opportunity for TransCard to open new retail distribution channels for a wide variety of prepaid products.

HQ Gift Cards currently provides management services for some of the most successful mall gift card programs in the country, managing operations for more than 300 malls and casinos, including 5 of the top 7 mall operators. They are the only player in the industry with the specialized experience and knowledge base to offer a completely turnkey solution, including sales training; marketing support; logistics and administration to the shopping center and casino industries.

TransCard CEO, Craig Fuller, stated, “We are excited about the opportunity to expand our markets and secure a coveted distribution channel. We have some exciting plans with the business and plan to leverage our product-suite and world-class technology to the network of mall operators. The acquisition of HQ is the latest in a series of new product, marketing, channel and technology innovations from TransCard. Many more such developments are planned for 2013.”

About TransCard

TransCard is both a processor and a program manager, whose proprietary technology platform is the envy of the industry. Our 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. Visit us our website and follow us on Twitter.