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The release reads:
TRANSCARD NOW OFFERS LOW-COST INTEGRATED RUBY GIFT CARD KIOSK TO
SHOPPING MALL OPERATORS
TransCard — the leading provider of prepaid products — is excited to
announce the RUBY Gift Card kiosk, a self-service kiosk offered to
shopping mall operators for a low lease cost of $100 per month.
The RUBY Gift Card kiosk allows mall shoppers to purchase a gift card to
the shopping facility without the help of a customer service mall
employee. The shopper simply enters the denomination they wish to load
onto the gift card and they’re done.
“After studying the kiosk market, we’ve realized that the economics of
the self-service kiosk is out of line with the market reality,” says
Craig Fuller, CEO of TransCard. “We don’t believe mall operators should
have to pay a lot of money for having a kiosk in their facility. Because
we generate income from our processing and program management services,
we are able to offer the kiosk systems at a low cost to any of our
market participants. What’s more, because we own the entire process —
program management, processing, and kiosk hardware — we are able to
rapidly deploy a customer rollout in less than 30 days.”
TransCard purchased HQ Gift Cards in November 2012 and has actively been
looking for ways to combine processing, program management, and
technology to mall operators around the country. Through this offering,
TransCard combines card distribution, reconciliation, security, credit
card payments, and regulatory compliance in a single technology offering.
TransCard’s network includes over 300 shopping mall locations, 215
financial institutions (FIs) with over 5,000 branch locations, and
leading hospitality companies and is the leading provider of prepaid
debit card services to FIs nationwide. TransCard also operates the
Community Bank Prepaid Program in partnership with the American Bankers
For more information, visit us on our website
and follow us on Twitter.