InComm, a leading prepaid product and payment technology company based in Atlanta, will create more than 100 jobs and invest over $20 million in capital developments in Atlanta. Invest Atlanta’s Business Retention and Expansion team worked with our city and state partners on this project.
“I am pleased that InComm has chosen to continue its growth in Atlanta, bringing more than 100 new, well-paying jobs and an additional capital investment to the downtown area,” said Atlanta Mayor Keisha Lance Bottoms. “In the last year, several major companies have announced expansions in the city, including Accenture and the Boston Consulting Group. Their commitments are helping increase economic opportunity throughout Atlanta. I look forward to working alongside InComm’s executive leadership as they grow their business in our city.”
InComm provides connectivity to a variety of service providers that allow consumers to conduct everyday business at more than 500,000 points of retail distribution. The company enables consumers to activate prepaid products, pay bills online, purchase digital goods in stores or add funds to an online account.
This expansion follows the close of InComm’s deal to acquire distribution rights of American Express’s® prepaid reloadable and gift card products in the U.S., as well as the purchase of the Serve® technology platform. InComm has become the program manager and processor, and American Express will remain the issuer and network for all products involved in the transaction.
“The addition of the American Express suite of products strengthens the already extensive portfolio of prepaid cards and technologies that we provide to retailers and consumers,” said Brooks Smith, CEO of InComm. “In addition to bringing new distribution partners into our network, we look forward to welcoming 400 employees to our workforce nationally, more than 150 of whom will work in several of our Georgia offices. Some are transitioning from American Express and others are being hired by InComm as a result of the new business. Their knowledge will be invaluable as we integrate these products into our portfolio over the coming months.”
Metro Atlanta has become known as Transaction Alley because of the number of FinTech companies located in the region. In fact, 70% of all U.S. financial transactions pass through the state of Georgia.