TransCard - a leading provider of electronic payment and prepaid MasterCard, Discover, Star and Pulse debit card solutions - announces a new initiative to expand its market leading bill payment platform into a complete suite of enterprise payment settlement and reconciliation services.
The new product line, offered specifically to enterprise clients, takes advantage of TransCard's leading automated payment toolkit, including attaching pay anyone bill-pay, card, check, EBT, and person-to-person payments with a robust set of tools for managing, monitoring, and recording payments. Unlike traditional bank products, prepaid cards offer more financial control over the payment amounts, including the ability to segment balances by division, department, project, or even person. With the use of TransCard's leading financial manager tool, organizations can itemize and profile expenses, matching to categories and auto budgeting payments. The toolset is also integrated into TransCard's state-of-the-art alert-system which can broadcast transaction alerts to multiple destinations, including mobile, email, API, and RSS.
"When we rolled out our bill pay function, we intended for the application to focus on individual payments. We never imagined enterprises would have a broader vision on how they could use our automated payment features," says Craig Fuller, TransCard's Founder. "Companies see the TransCard payment application as having broader applications than payroll or settlement services."
TransCard recently added Greg Haney, former SVP of Fiserv's Biller solutions as COO. Greg was an integral part of the team that built BillMatrix into an industry leader in the bill payment space and was later acquired by Fiserv. At Fiserv, Greg was responsible for operations including the Treasury Services and Banking Operations groups of Fiserv's Biller Solutions. "We are exited to have Greg join our team. His payments expertise will be key to helping us understand how our technology can be scaled into a robust enterprise payment system," indicated Fuller.