TransACT | Jotup

TransAct Technologies Reports Preliminary Fourth Quarter and Full Year 2023 Financial Results

Retrieved on:

Tuesday, March 12, 2024

FST Recurring Revenue: FST recurring revenue for the fourth quarter of 2023 was $3.2 million, up 33% compared to $2.4 million for the fourth quarter of 2022.

Key Points:

FST Recurring Revenue: FST recurring revenue for the fourth quarter of 2023 was $3.2 million, up 33% compared to $2.4 million for the fourth quarter of 2022.
Operating income (loss): Operating loss for the fourth quarter of 2023 was $(0.5) million, compared to operating income of $0.5 million for the fourth quarter of 2022.
EBITDA: EBITDA was $0.3 million for the fourth quarter of 2023, compared to $1.0 million for the fourth quarter of 2022.
Adjusted EBITDA: Adjusted EBITDA was $0.6 million for the fourth quarter of 2023, compared to $1.3 million for the fourth quarter of 2022.

Transact Launches Sponsor Payments to Modernize Bulk Payments of Student Tuition and Fees

Retrieved on:

Tuesday, March 5, 2024

Payments, Education, Data Management, Technology, Software, University, Research, Campus, TransACT, Gen, Generation Z, EVP, Student

Transact Campus, Inc. , “Transact,” the award-winning leader in innovative campus technology and payment solutions, today announced the launch of Transact Sponsor Payments , a business-to-business payment portal for third-party payors to easily make bulk payments towards student tuition and fees to Higher Education Finance Offices.

Key Points:

Transact Campus, Inc. , “Transact,” the award-winning leader in innovative campus technology and payment solutions, today announced the launch of Transact Sponsor Payments , a business-to-business payment portal for third-party payors to easily make bulk payments towards student tuition and fees to Higher Education Finance Offices.
Transact Sponsor Payments is implementing integrations across a variety of Student Information Systems, opening it up to a wide array of universities.
“Historically, university payment systems for third-party sponsor payments have been manual and time-consuming, adding complexity to collecting and reconciling tuition payments in a timely fashion,” said Laura Newell-McLaughlin, EVP, Integrated Payments and Campus Commerce at Transact.
“With Transact Sponsor Payments, we’re bringing universities, sponsors and students a tool that simplifies the billing and payment process for all.”
Transact Sponsor Payments automates sponsor payment processes in a streamlined portal that’s seamlessly integrated into existing payment solutions.

Genesys Technologies and MagTek, Inc. Partner to Integrate DynaProx BCR, a Contactless and Barcode Reading Device for Payments, Identification, and Access Control

Retrieved on:

Tuesday, February 27, 2024

CryptoPay, AES, Computer security, MSA, EMV, Partnership, SCWA, IP66, IDS, POI, AES 256, Certification, DUKPT, NFC, Genesys, Security, Water, TransACT, Beauty, PCI, Mobile phone

SEAL BEACH, Calif., Feb. 27, 2024 /PRNewswire-PRWeb/ -- MagTek, a global leader in secure payment technology, and Genesys Technologies, a pioneer in unattended payments for the self-service cleaning industry, launches CryptoTap Plus, a cutting-edge contactless, wireless payment technology designed for car washes and laundromats. This innovative solution seamlessly integrates MagTek's DynaProx BCR, ensuring durability and efficiency in challenging environments.

Key Points:

"DynaProx is rugged, easy to integrate with, and its barcode scanner lens is ingeniously positioned to prevent water, lint, and dirt from collecting."
Tap payments, backed by major banks and card issuers, are fast, convenient, and cater to the evolving needs of consumers.
The compact footprint of the MagTek DynaProx BCR device facilitates swift installation, even in locations traditionally reliant on coin operations.
DynaProx is rugged, easy to integrate with, and its barcode scanner lens is ingeniously positioned to prevent water, lint, and dirt from collecting.

TransAct Announces BOHA! Solutions Order from Regional Assisted Living Communities

Retrieved on:

Thursday, January 18, 2024

Software, Technology, Data Management, Food storage, TransACT, Prescription, Temperature

TransAct® Technologies Incorporated (Nasdaq: TACT) (“TransAct” or “the Company”), a global leader in software-driven technology and printing solutions for high growth markets, today announced that it has delivered an order from a new assisted living customer for the BOHA!

Key Points:

TransAct® Technologies Incorporated (Nasdaq: TACT) (“TransAct” or “the Company”), a global leader in software-driven technology and printing solutions for high growth markets, today announced that it has delivered an order from a new assisted living customer for the BOHA!
Sense software application across all 87 owned communities.
The total deployment will include approximately 1,200 sensors, 240 Gateways, and ongoing access to BOHA!
platform for this new client,” said John Dillon, CEO of TransAct Technologies.

TransAct Receives U.S. Approval for BOHA! Terminal 2 from Leading QSR

Retrieved on:

Thursday, January 4, 2024

Entertainment, Retail, Restaurant, Bar, Technology, Software, Hardware, Casino, Gaming, TransACT, QSR

Based on the approvals, TransAct began shipping pre-orders and stocking orders in the U.S. and multiple international markets before the end of 2023.

Key Points:

Based on the approvals, TransAct began shipping pre-orders and stocking orders in the U.S. and multiple international markets before the end of 2023.
This announcement follows overseas approval which was previously announced on the Company’s Third Quarter 2023 earnings call.
Terminal 2 would meet their goals for flawless operational execution and improved efficiency throughout all of their locations,” said John Dillon, CEO of TransAct Technologies.
from supporting just three languages, to supporting over ten, giving TransAct the ability to distribute our BOHA!

CasinoTrac™ & TransAct® Announce Industry First Floor-wide, Single-Wire Printing Solution

Retrieved on:

Tuesday, December 19, 2023

TransACT, Partnership, OTCQX, API, TBTC, CMS, Environment

(OTCQX: TBTC) announces it has completed a ‘First of its Kind’ integration project with TransAct Technologies (NASDAQ: TACT), to become the industry’s first CMS to provide a single-wire, On-Demand Printing solution, eliminating the hassle of redundant networking gear or infrastructure.

Key Points:

(OTCQX: TBTC) announces it has completed a ‘First of its Kind’ integration project with TransAct Technologies (NASDAQ: TACT), to become the industry’s first CMS to provide a single-wire, On-Demand Printing solution, eliminating the hassle of redundant networking gear or infrastructure.
In this new environment, casino operators can deploy PromoTrac OnDemand™, with Epicentral®, thru CasinoTrac’s 6.2 CT VSMIB player tracking interface, with Epic Edge® and/or Epic 950® printers.
Chad Hoehne, President of Table Trac, Inc., explained, "CasinoTrac system owners know they can integrate with great features like TransAct's Epicentral using their integration-friendly, API-driven CasinoTrac CMS.
“We are proud to partner with CasinoTrac on the groundbreaking integration,” said John Dillon, Chief Executive Officer of TransAct.

Transact Appoints Arun Ahuja to Senior Vice President and General Manager of Campus Commerce

Retrieved on:

Tuesday, November 28, 2023

Professional Services, Payments, Apps, Applications, Technology, Other Technology, Mobile, Wireless, Fintech, TransACT, Senior, Commerce, Multimedia, Campus, Ahuja, POS, Cryptocurrency, Online shopping

Transact Campus, Inc. , “Transact,” the award-winning leader in innovative campus technology and payment solutions, today announced the appointment of Arun Ahuja as the Senior Vice President and General Manager of Campus Commerce.

Key Points:

Transact Campus, Inc. , “Transact,” the award-winning leader in innovative campus technology and payment solutions, today announced the appointment of Arun Ahuja as the Senior Vice President and General Manager of Campus Commerce.
Transact Campus Commerce is a one-stop solution for on- and off-campus dining, with features such as cloud POS, mobile ordering, kiosks, registers, and off-campus merchant solutions.
View the full release here: https://www.businesswire.com/news/home/20231128934113/en/
Transact Appoints Arun Ahuja to Senior Vice President and General Manager of Campus Commerce (Graphic: Business Wire)
Ahuja brings more than 20 years of experience in financial services and leading high-performing digital payments teams.
“Arun brings a proven track record to the Transact family,” said Laura Newell-McLaughlin, Executive Vice President of Integrated Payments and Campus Commerce at Transact.

Transact Campus’ Mechelle King Wins Silver Stevie® Award in 2023 Stevie Awards for Women in Business

Retrieved on:

Monday, November 27, 2023

Transact Campus, Inc. , “Transact,” the award-winning leader in innovative campus technology and payment solutions, today announced that Mechelle King, VP of Corporate Social Responsibility, has been named the winner of a Silver Stevie® Award in the Achievement in Diversity & Inclusion category in the 20th annual Stevie Awards for Women in Business.

Key Points:

Transact Campus, Inc. , “Transact,” the award-winning leader in innovative campus technology and payment solutions, today announced that Mechelle King, VP of Corporate Social Responsibility, has been named the winner of a Silver Stevie® Award in the Achievement in Diversity & Inclusion category in the 20th annual Stevie Awards for Women in Business.
View the full release here: https://www.businesswire.com/news/home/20231127389804/en/
Transact Campus’ Mechelle King Wins Silver Stevie® Award in 2023 Stevie Awards for Women in Business (Graphic: Business Wire)
King joined Transact in November 2021 to help drive the company’s Corporate Social Responsibility (CSR) vision and strategy.
Gold, Silver, and Bronze Stevie Award winners were determined by the average scores of more than 200 business professionals around the world, working on six juries.
"I am thrilled to extend my heartfelt congratulations to Mechelle King on her well-deserved Stevie Award.

TransAct Technologies Reports Preliminary Third Quarter 2023 Financial Results

Retrieved on:

Thursday, November 9, 2023

Networks, Casino, Gaming, Technology, Entertainment, Software, EBITDA, Webcast, ID, Interest, Depreciation, GAAP, Strategic planning, FST, TransACT, Forecasting, Video game, Bookkeeping, Pharmaceutical industry

TransAct Technologies Incorporated (Nasdaq: TACT) (“TransAct” or the “Company”), a global leader in software-driven technology and printing solutions for high-growth markets, today reported preliminary results for the third quarter ended September 30, 2023.

Key Points:

TransAct Technologies Incorporated (Nasdaq: TACT) (“TransAct” or the “Company”), a global leader in software-driven technology and printing solutions for high-growth markets, today reported preliminary results for the third quarter ended September 30, 2023.
Operating income: Operating income for the third quarter of 2023 was $1.2 million, compared to $0.4 million for the third quarter of 2022.
EBITDA: EBITDA was $1.5 million for the third quarter of 2023, compared to $0.9 million for the third quarter of 2022.
Adjusted EBITDA: Adjusted EBITDA was $1.7 million for the third quarter of 2023, compared to $1.2 million for the third quarter of 2022.

Transact Mobile Credential to Offer the First Mobile Student ID on Samsung Galaxy Watch with Samsung Wallet Integration

Retrieved on:

Thursday, October 12, 2023

Transact Campus, Inc. , “Transact,” the award-winning leader in innovative campus technology and payment solutions, today announced a newly available integration for its Mobile Credential with Samsung Galaxy Watches1.

Key Points:

Transact Campus, Inc. , “Transact,” the award-winning leader in innovative campus technology and payment solutions, today announced a newly available integration for its Mobile Credential with Samsung Galaxy Watches1.
Transact is paving the way for the Mobile Credential space with the introduction of the Samsung Galaxy Watch1 into its ecosystem.
View the full release here: https://www.businesswire.com/news/home/20231012498224/en/
Transact Mobile Credential to Offer the First Mobile Student ID on Samsung Galaxy Watch with Samsung Wallet Integration (Graphic: Business Wire)
Earlier this year, Transact and Samsung announced student ID availability within Samsung Wallet on Galaxy devices for a number of higher education institutions across the nation.
Now, students can also conveniently access and use their student ID via Samsung Wallet right from their wrist with Galaxy Watch6.