TransFirst Adds 110 Employees in Colorado, Moves Into New Divisional Headquarters in Boulder County
The Nation's 12th Largest Bank Card Transaction Processor Sees Additional
Growth Coming to Colorado Operations
LOUISVILLE, Colo., Nov. 11 /PRNewswire/ -- As a result of record growth in 2004, a year in which the company doubled its business volume, TransFirst, the nation's 12th largest provider of transaction processing services and payment enabling technologies, has increased its Colorado headcount by 110. The majority of the new hires came to TransFirst through a job fair it hosted at its new divisional headquarters in Louisville on September 15. TransFirst ranks as the nation's largest privately held credit and debit card transaction processor and handles more than $18.5 billion in annual processing volume for more than 150,000 merchants and 760 financial institutions all over the United States. A majority of the company's processing operations are handled out of its new Colorado facilities. TransFirst moved into a new 73,000-square-foot facility at 371 Centennial Parkway in Louisville, Colo., in October. As a result of the new hires, TransFirst now employs more than 300 people in Boulder County. "On November 1, we added more than $7.5 billion in additional annual processing volume from more than 70,000 new merchant accounts, literally overnight," said Marla Knutson, president of TransFirst's Agent Bank Division, headquartered in Louisville. "This would not have been possible without the dedication of the new employees that we have added to the operational team following our job fair in September. Our new team members have responded with phenomenal speed, skill and professionalism. We now process more than 185 million transactions a year at this facility and we are well-equipped for additional growth." In April 2004, TransFirst acquired the third party and agent bank merchant division of Cincinnati-based Fifth Third Bank Processing Solutions. The transaction increased the company's size from $11 billion to $18.5 billion in annual processing volume, advancing the company from 18th to the 12th largest transaction processor overall, according to The Nilson Report's list of top U.S. bank card acquirers. A premier provider of transaction processing services and payment technologies, TransFirst offers a first-rate suite of merchant products and flexible, industry-specific services uniquely tailored for the special business needs of financial institutions, ISO's, health services, e-government, online and other direct marketing retailers, as well as brick and mortar retailers. Founded in 1995, TransFirst was recapitalized in 2000 by GTCR Golder Rauner LLC, a leading private equity investment firm, positioning TransFirst as a market leader in strategic mergers and acquisitions that will allow the company to gain market share and additional expertise in growing and profitable industry segments. Built on a platform of personal service, customer commitment and flexible pricing, TransFirst is based in Dallas, Texas, and has operations facilities in Louisville, Colo., Omaha, Neb., Kansas City, Kan., Newport Beach, Calif., Milwaukee, Wis. and Langhorne, Penn. Company wide, TransFirst currently processes approximately $18.5 billion in annual sales volume for more than 150,000 merchants and 760 financial institutions. TransFirst can be reached at 1-800-745-2659 or at www.TransFirst.com. For further information, please contact Bevo Beaven/Vice President of CTA Public Relations, +1-303-665-4200, Bevo@ctapr.com, for TransFirst.
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