TransCard To Expand In Chattanooga - NewsChannel5.com | Nashville News, Weather & Sports

TransCard To Expand In Chattanooga

Posted: Updated:

NASHVILLE, Tenn. (AP) - State officials said banking technology company TransCard LLC plans to expand its operations in Chattanooga, adding 69 new jobs in the process.

Department of Economic and Community Development Commissioner Bill Hagerty said the expansion represents a $925,000 investment in Hamilton County.

TransCard Chief Executive Officer Craig Fuller said in a statement that the company has a network of 180 banks that use its technology platform. Fuller said the use of cards, mobile payments and virtual payment applications in place of cash and checks is becoming more relevant in banking.

Chattanooga Mayor Andy Berke said TransCard is one of the city's "entrepreneurial success stories."

(Copyright 2013 by The Associated Press. All Rights Reserved.)

Powered by WorldNow
Powered by WorldNow
All content © Copyright 2000 - 2014 NewsChannel 5 (WTVF-TV) and WorldNow. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.