United Bank Card
Encyclopedia
United Bank Card, Inc. is a payment and transaction processor
located in New Jersey
, USA
, serving businesses throughout the US. UBC currently handles the merchant account
s for over 100,000 merchant locations and processing in excess of $9 billion annually. The company was founded in 1999 by Jared Isaacman
. It's CTO, Brendan Lauber, was recently featured on Bravo's Millionaire Matchmaker
.
The company's customers include retail stores, restaurants, mail order & telephone order, e-commerce, internet, home-based, petroleum, supermarket, and lodging merchants.
, distributed through Independent Sales Offices across the US.
The Harbortouch POS System consists of a touchscreen display loaded with software specific to either the retail or restaurant/hospitality industries. This software enables the terminal to accept cash and non-cash payments, manage sales, track inventory and handle a wide range of reporting functions. Harbortouch also offers various accessories which integrate with the system.
In 2011, the company launched an industry-first "free" POS system program which allows merchants to obtain a Harbortouch POS system with no up-front costs. There is a monthly service fee and quarterly software support fee required.
program. Headquartered in Hampton, NJ, the company is a registered automated teller machine
processor supported by all regional and national ATM networks
, with American State Bank
acting as their sponsoring financial institution. UCS provides all aspects of ATM
service in-house, including ATM
transaction processing, ATM
terminal sales and leasing, deployment, vault cash services, installation, monitoring, service and support. The company deploys various ATM
terminals, primarily the MiniBank 1520.
Electronic funds transfer
Electronic funds transfer is the electronic exchange or transfer of money from one account to another, either within a single financial institution or across multiple institutions, through computer-based systems....
located in New Jersey
New Jersey
New Jersey is a state in the Northeastern and Middle Atlantic regions of the United States. , its population was 8,791,894. It is bordered on the north and east by the state of New York, on the southeast and south by the Atlantic Ocean, on the west by Pennsylvania and on the southwest by Delaware...
, USA
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
, serving businesses throughout the US. UBC currently handles the merchant account
Merchant account
A merchant account is a type of bank account that allows businesses to accept payments by debit or credit cards. A merchant account is established under an agreement between an acceptor and a merchant acquiring bank for the settlement of credit card and/or debit card transactions...
s for over 100,000 merchant locations and processing in excess of $9 billion annually. The company was founded in 1999 by Jared Isaacman
Jared Isaacman
Jared Isaacman is the founder and CEO of United Bank Card, Inc. , a payment processing organization based out of Hampton, New Jersey. Jared has been named as a finalist for the Ernst & Young "Entrepreneur of the Year Award" for 2006, 2007 and 2008 and was the youngest person ever named as one of ...
. It's CTO, Brendan Lauber, was recently featured on Bravo's Millionaire Matchmaker
Millionaire Matchmaker
Millionaire Matchmaker is a television series produced by Bravo and presented by Patti Stanger. Stanger founded the Beverly Hills-based "Millionaire's Club" in 2000 to cater to wealthy men looking for partners...
.
Services
United Bank Card provides payment processing services for many electronic payment methods including:- all major American credit cards
- debit cardDebit cardA debit card is a plastic card that provides the cardholder electronic access to his or her bank account/s at a financial institution...
s and EBTElectronic Benefit TransferElectronic Benefit Transfer is an electronic system in the United States that allows state governments to provide financial and material benefits via a plastic debit card. Common benefits provided via EBT are typically sorted into two general categories: Food and cash benefits...
cards - gift cardGift cardA gift card is a restricted monetary equivalent or scrip that is issued byretailers or banks to be used as an alternative to a non-monetary gift....
s - loyalty cards
- smart cardSmart cardA smart card, chip card, or integrated circuit card , is any pocket-sized card with embedded integrated circuits. A smart card or microprocessor cards contain volatile memory and microprocessor components. The card is made of plastic, generally polyvinyl chloride, but sometimes acrylonitrile...
s
The company's customers include retail stores, restaurants, mail order & telephone order, e-commerce, internet, home-based, petroleum, supermarket, and lodging merchants.
Notable Achievements
United Bank Card has earned a reputation for innovation by introducing some industry-leading initiatives including:- In November 2004, United Bank Card was the first payment processor to offer a Free Terminal Program.
- Among other technological innovations, UBC introduced the Interactive ISO System (IIS) in 2001, designed as a portfolio management tool for Independent Sales Offices (ISOs) working with the company. This online system gives ISOs access to statement reporting, task management tools, sales and marketing materials, training information, online merchant account approvals and residual reports among other things.
- In early 2008, United Bank Card released the Harbortouch touchscreen point-of-sale (POS) system.
- In 2009, United Bank Card began offering electronic cash registers integrated with credit card processing, free of charge. This was the first Free ECR program in the electronic payments industry.
2007
- Ranked on the Inc. 500 list of Fastest Growing Private Companies in the U.S. for third consecutive time
- CEO Jared IsaacmanJared IsaacmanJared Isaacman is the founder and CEO of United Bank Card, Inc. , a payment processing organization based out of Hampton, New Jersey. Jared has been named as a finalist for the Ernst & Young "Entrepreneur of the Year Award" for 2006, 2007 and 2008 and was the youngest person ever named as one of ...
named finalist for Ernst & YoungErnst & YoungErnst & Young is one of the largest professional services networks in the world and one of the "Big Four" accountancy firms, along with Deloitte, KPMG and PricewaterhouseCoopers ....
's "Entrepreneur of the Year"
2006
- Ranked 6th Fastest Growing Private Company in the U.S. by Inc. Magazine
- Transaction Trends "Trendsetter of the Year"
- United Bank Card CEO, Jared IsaacmanJared IsaacmanJared Isaacman is the founder and CEO of United Bank Card, Inc. , a payment processing organization based out of Hampton, New Jersey. Jared has been named as a finalist for the Ernst & Young "Entrepreneur of the Year Award" for 2006, 2007 and 2008 and was the youngest person ever named as one of ...
named one of “America's Best Entrepreneurs” by BusinessWeekBusinessWeekBloomberg Businessweek, commonly and formerly known as BusinessWeek, is a weekly business magazine published by Bloomberg L.P. It is currently headquartered in New York City.- History :...
magazine - United Bank Card CEO, Jared IsaacmanJared IsaacmanJared Isaacman is the founder and CEO of United Bank Card, Inc. , a payment processing organization based out of Hampton, New Jersey. Jared has been named as a finalist for the Ernst & Young "Entrepreneur of the Year Award" for 2006, 2007 and 2008 and was the youngest person ever named as one of ...
named second on Inc. Magazine's list of “30 Entrepreneurs Under 30” in 2006 - United Bank Card CEO, Jared IsaacmanJared IsaacmanJared Isaacman is the founder and CEO of United Bank Card, Inc. , a payment processing organization based out of Hampton, New Jersey. Jared has been named as a finalist for the Ernst & Young "Entrepreneur of the Year Award" for 2006, 2007 and 2008 and was the youngest person ever named as one of ...
is a finalist for the Ernst & Young “Entrepreneur of the Year” award in 2006 - Named New Jersey's Best by NJBIZ Magazine
2005
- Ranked 19th Fastest Growing Private Company and 2nd Fastest in the Financial Sector in the U.S. by Inc. Magazine
2003
- Ranked 4th "Best Processor" by the Green Sheet
- Winner “Best Customer Service” by the Green Sheet
Harbortouch
Harbortouch is a division of United Bank Card. Launched in early 2008, Harbortouch is a supplier of point-of-sale (POS) solutionsPoint of sale
Point of sale or checkout is the location where a transaction occurs...
, distributed through Independent Sales Offices across the US.
The Harbortouch POS System consists of a touchscreen display loaded with software specific to either the retail or restaurant/hospitality industries. This software enables the terminal to accept cash and non-cash payments, manage sales, track inventory and handle a wide range of reporting functions. Harbortouch also offers various accessories which integrate with the system.
In 2011, the company launched an industry-first "free" POS system program which allows merchants to obtain a Harbortouch POS system with no up-front costs. There is a monthly service fee and quarterly software support fee required.
United Cash Solutions
United Cash Solutions (UCS) is a division of United Bank Card that provides a full service, turnkey Automated Teller Machine (ATM)Automated teller machine
An automated teller machine or automatic teller machine, also known as a Cashpoint , cash machine or sometimes a hole in the wall in British English, is a computerised telecommunications device that provides the clients of a financial institution with access to financial transactions in a public...
program. Headquartered in Hampton, NJ, the company is a registered automated teller machine
Automated teller machine
An automated teller machine or automatic teller machine, also known as a Cashpoint , cash machine or sometimes a hole in the wall in British English, is a computerised telecommunications device that provides the clients of a financial institution with access to financial transactions in a public...
processor supported by all regional and national ATM networks
Interbank network
An interbank network, also known as an ATM consortium or ATM network, is a computer network that connects the ATMs of different banks and permits these ATMs to interact with the ATM cards of non-native banks....
, with American State Bank
American State Bank
American State Bank, founded in 1948 and headquartered in Lubbock, Texas, is a financial service company with $2.5 billion in assets and offers a full range of banking and financial services to customers in West Texas...
acting as their sponsoring financial institution. UCS provides all aspects of ATM
Automated teller machine
An automated teller machine or automatic teller machine, also known as a Cashpoint , cash machine or sometimes a hole in the wall in British English, is a computerised telecommunications device that provides the clients of a financial institution with access to financial transactions in a public...
service in-house, including ATM
Automated teller machine
An automated teller machine or automatic teller machine, also known as a Cashpoint , cash machine or sometimes a hole in the wall in British English, is a computerised telecommunications device that provides the clients of a financial institution with access to financial transactions in a public...
transaction processing, ATM
Automated teller machine
An automated teller machine or automatic teller machine, also known as a Cashpoint , cash machine or sometimes a hole in the wall in British English, is a computerised telecommunications device that provides the clients of a financial institution with access to financial transactions in a public...
terminal sales and leasing, deployment, vault cash services, installation, monitoring, service and support. The company deploys various ATM
Automated teller machine
An automated teller machine or automatic teller machine, also known as a Cashpoint , cash machine or sometimes a hole in the wall in British English, is a computerised telecommunications device that provides the clients of a financial institution with access to financial transactions in a public...
terminals, primarily the MiniBank 1520.