Transcard and Discover in pre-paid debit card deal

Source: Transcard

Transcard, a leading provider of prepaid card solutions has announced an agreement with Discover Financial Services (NYSE: DFS), to issue prepaid debit solutions.

The Chattanooga-based provider will offer a variety of Discover Network-branded prepaid card programs, including payroll cards, general spend cards, fuel cards and student cards, on the Discover Network. Together, Transcard and the Discover Network will provide businesses the opportunity to design a payroll card program to meet their needs while allowing cardholders a safe, secure and convenient way to receive pay.

Craig Fuller, CEO of Transcard, states, "The opportunities of partnering with Discover Network are immense. We are able to expand our network, products and services; provide our customers with a solid brand name of national recognition, and further expand our prepaid debit card solutions to larger companies as a result of this partnership. I am excited about the capabilities that will arise from offering a Discover Network-branded card platform."

Transcard will continue to provide businesses the implementation and marketing to successfully transition into a prepaid card program and provide cardholders 24/7 bilingual customer service and easy access to account information. With the support of the Discover Network, Transcard is provided an ideal platform to launch its technologies and services while reaching out to a larger audience.

"Our agreement with Transcard further expands our reach to offer businesses flexible prepaid programs that meet the growing needs of their customers and employees," said Tom Crowder, general manager of Discover Network prepaid, Discover Financial Services. "As a result, businesses will have a greater opportunity to reduce costs, while increasing profits and cardholder loyalty."

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