Ken Gruber founded Transact Payment Systems Inc, dba Tranact, in 1996 as a pioneer of innovation for closed loop ATMs and scrap yard technology. Tranact began with “loading money” onto one-time use magnetic striped cards that would only work at the business owner’s private ATM. We then incorporated NCR’s 2D bar code reader technology so that account holders could scan an encrypted bar code printed on a receipt.
The team at Tranact has 600+ ATMs deployed within the scrap metal industry facilitating thousands of transactions everyday! The EZcash ATM owners no longer have to rely on cashiers to handle and manage cash, thus increasing safety and reliability. Everyone from the largest vertically integrated steel companies to the one-yard family owned facilities rely on EZcash to keep their cash safe.
At Tranact we strive to solve the difficult problems of cash management and transactional complexity for all businesses. The team at Tranact is located in sunny St. Petersburg, FL and has deployed and supports hundreds of closed loop ATMs for various industries and applications.
We look forward to working with you,
The Tranact Team