by Alex Palmer | April 24, 2018
InComm, one of the biggest prepaid and payment solutions companies in the incentive industry, will be getting bigger, the organization announced today. To meet growing demand after last year's acquisition of American Express' prepaid and gift card offerings, the company will be adding 400 new jobs nationally. 

The announcement was made during a press event at InComm's headquarters promoting economic development and the financial technology (FinTech) industry in Georgia more broadly. In the metro Atlanta and Columbus, GA area alone, the company will be adding 150 new jobs and investing more than $20 million in capital developments.

"It is an amazing company. It is a part of this growing sector that is important to our state, our region, and important to our nation," said Georgia Governor Nathan Deal, who made the announcement, adding that these additions added to the 275 jobs and $20 million investment in the metro Atlanta area that InComm rolled out in 2015. 

InComm COO/CFO Scott Meyerhoff explained that last year's acquisition of American Express' prepaid offerings, as well as its Serve technology platform, was what spurred the additional growth of the company. This includes all of The deal includes all of American Express' U.S. B2B rewards and incentive gift card products, as well as general-purpose reloadable cards, and partnerships such as Bluebird with WalMart, which offers customers a simplified "alternative to debit and checking accounts."

"We have the ability, through the acquisition, to help shepherd the American Express brand forward in the world of prepaid," he said. "We are very excited about the opportunities afforded to us out of this transaction."

The expansion will consist of the addition of new distribution partners into the InComm network, as well as 400 workers nationally, some who are transitioning from American Express and others who are being hired as a result of the new business.

The announcement was used to shine a spotlight on the state of Georgia's dedication to the FinTech industry, with Deal pointing out that 70 percent of the nation's transactions are processed through systems operated by Georgia-based companies. The announcement was followed by a panel discussion about the FinTech industry, which included representatives of the University System of Georgia, the American Transaction Processing Coalition, Technology Association of Georgia, Metro Atlanta Chamber of Commerce, Cumberland Group, and InComm.