Company Overview of Festival Transaction Services, Inc.
Festival Transaction Services, Inc. provides payment processing and cash management services to fair and festival producers. Its producer services include online vendor registration and booth space sales, online ticket sales and card processing, on-ground terminals and card processing, sales commission administration, on-ground terminals for vendors card processing, vendor sales commission collections, Visa backed ticketing solutions, and turn-key service and support; and vendor services include terminals for card acceptance, card processing, on-ground training and support, and real-time transaction reporting. The company also operates Festivals.com, an Internet resource for information on c...
2033 Sixth Avenue
Seattle, WA 98121
Founded in 2010
Key Executives for Festival Transaction Services, Inc.
Chairman and Chief Executive Officer
Head of Community and Content Development and Executive Vice President of Digital Media and Strategy
Compensation as of Fiscal Year 2013.
Festival Transaction Services, Inc. Key Developments
Festival Transaction Services, Inc. Appoints Joseph W. Saunders to the Board of Directors
Sep 16 13
Festival Transaction Services, Inc. announced that Joseph W. "Joe" Saunders will join the FTS Board of Directors. Mr. Saunders, who recently retired from Visa, Inc. as CEO and Executive Chairman of the Board, was responsible for aggregating the seven Visa regional associations into Visa, Inc. and spearheading what still stands as large IPO in U.S. history.
Festival Transaction Services, Inc. Teams with Visa to Launch a Cashless Financial Services Solution
Sep 16 13
Festival Transaction Services, Inc. (FTS) has teamed with Visa to launch a cashless financial services solution for fairs, festivals and other community-wide events. The new service will use prepaid Cards-as-Tickets for entry and for making purchases at the events. The service cuts ticketing costs, reduces cash handling risks and offers event organizers new opportunities for revenue and sponsorship. The Visa prepaid platform allows cards to be used for applications beyond general purpose payment, and FTS has taken an innovative approach to integrate processing, payments and promotion for the event community. FTS has integrated the prepaid card with the entry ticket sales process used by events. This integration allows FTS to provide ticketing services at very low to no cost, creating major savings for community events. FTS prepaid cards can also link promotional offers from events, sponsors, vendors and performers with the cards. "The ability to add promotions onto the cards-as-tickets provides value for consumers and gives the sponsors methods to measure the return on investment from sponsorship they have not had before. FTS is targeting 3-5 community events that sell admission tickets for significant sponsorship to assist with the change from cash, tokens or tickets to prepaid cards.
Festival Transaction Services, Inc. Signs Two-Year Agreement with the 500 Festival in Indianapolis
Apr 11 13
Festival Transaction Services, Inc. announced that it has signed a two-year agreement with the 500 Festival in Indianapolis, to implement the FTS vendor booth sales service using the FTS web site, www.festbiz.com.
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