Transcard launches gift card solutions provider
Prepaid card solutions provider Transcard has launched Innovative Gift Card Solutions (IGCS), a gift card provider of Star, Discover Network and MasterCard-branded gift cards.
Transcard says it recognised the need for cutting edge technology in the rapidly growing gift card market segment that allows for flexible programmes.
IGCS will be offering traditional gift cards, open loop gift cards, SKU cards, shared wallet cards, merchandise return cards, incentive cards, and loyalty programs. IGCS can customize a unique program for each client taking stored value solutions into the future.
Craig Fuller, CEO of Transcard, commented: “IGCS has been formed to offer stored value solutions to both open and closed loop markets. This division will allow penetration into B2B markets, and provide incentive-based and gift card solutions to an entire group of new clients for Transcard.”
IGCS is a wholly-owned subsidiary of Innovative Processing Solutions (IPS), a tier 1 financial transaction processor. IPS operates a number of subsidiaries that take advantage of the in-house core processing technology such as Transcard, Pay2Card, FactorLane, Tran$fund$, and TransMarkets.