GCF’s Ownership Group Acquires Paper Systems Incorporated

 

February 5, 2018 – Earth City, MO – Springboro, OH – The ownership group of General Credit Forms, Inc., one of the largest domestic manufacturers and distributors of point-of-sale supply products, has acquired Paper Systems Incorporated (PSI), a Springboro, OH, based company that specializes in the design and manufacture of paper rolls for point-of-sale and ATM systems. PSI joins the McCormick Family of Businesses which includes printing and distribution companies General Credit Forms, Inc. (GCF) and Golden Business Forms, Inc (GBF); hardware manufacturer and service provider South Seas Data, LLC (SSD); label manufacturer Advanced Labeling Systems, LLC (ALS) and wholesaler McCormick Paper Company, Inc (MPC).

The ownership group purchased the assets of PSI and will continue to operate the company as PSI.   The McCormick Family of Businesses are involved with manufacturing, warehousing and distributing products and services for the point-of-sale, financial services, retail and money transfer industries.  The companies collectively service an impressive list of Fortune 500 customers and see clearly that the addition of PSI to the current stable of affiliate companies will enhance the breadth and quality of services provided to their customers.  PSI currently develops and manufactures custom-printed and blank point-of-sale and ATM roll products and offers various other products including point-of-sale ribbons, toners and inkjet cartridges.  PSI serves a range of markets including Banking/Financial, Gaming, Healthcare, Retail, Hospitality, Transportation, Grocery and Dining.

Bryan Eovaldi, President for all of the affiliated companies stated, “The acquisition of PSI provides additional scale to our existing point-of-sale roll product offerings into the collective affiliated companies’ portfolio of products and services.  It will further the companies’ strategic position to remain a dominant provider of products and services for an ever-growing customer base.  We are excited that PSI is now a part of our family of companies.”

Larry Curk, CEO of PSI said, “We are excited about this strategic alliance with the McCormick Family of Businesses.  They have the technology and resources to strategically extend our point-of-sale and ATM roll products to an even larger market place.  We feel strongly that our alliance will serve to strengthen PSI both operationally and organizationally in an increasingly competitive market.  Through the utilization of existing group synergies combined with those of the affiliated companies, we aim to diversify our product offering to significantly grow our existing customer base and expand our distribution channels.”  To ensure an effective transition, Mr. Curk will continue to strategically guide the PSI management team and will report to Bryan Eovaldi, PSI’s new President.

Collective products offered by the companies include custom-printed and blank point-of-sale roll products; printed forms and sales receipts; proprietary POS hardware; thermal transfer and direct thermal printers; traditional POS terminal equipment; depot and repair services on proprietary and traditional POS equipment; POS ribbons; labels and decals; security products, checks and general business forms; call center services; web hosting;  warehousing and distribution services; and a variety of other items used in the banking, gaming, ATM, money transfer, retail, petroleum/c-store and bankcard industries.

 

 

 

 

 

 

 

 

 

 

GCF Announces the Passing of Gary Payne

FOR IMMEDIATE RELEASE

 

GCF Announces the Passing of Gary Payne

 

General Credit Forms, Inc., South Seas Data, LLC, and the McCormick Family of Businesses are sad to report the passing of our friend and colleague, Gary Payne.  Mr. Payne passed away on February 15, 2017, at the age of 64.  He will be missed by all who knew him.

 

Born Gary Evan Payne on July 23, 1952, Mr. Payne spent more than 40 years in the data processing and payments industries.  Mr. Payne worked with such prestigious companies as IBM, Motorola, VeriFone and Hypercom, earning recognition and winning numerous awards for his excellence in Sales and Marketing.  In 2010, Mr. Payne joined South Seas Data, LLC, a leader in hardware development and depot services for the money order industry, and made an immediate impact.  At that time, Mr. Payne also began representing General Credit Forms, Inc., in the Northeastern United States, and at numerous payments industry trade shows.

 

“Gary handled his duties for both SSD and GCF with professionalism, humor and humanity. He will be missed by both co-workers and customers alike.” stated John Marzano, Vice President and General Manager of South Seas Data.  “Gary had a tremendous impact on our organizations over the last seven years and was a pleasure to work with.  We will miss Gary and his ability to connect in a positive manner with our employees and customers on a day to day basis.” added Bryan Eovaldi, President of General Credit Forms, Inc., and the McCormick Family of Businesses.

 

Gary was a devoted husband, father and brother.  He is survived by his wife Kimberly, sons Kris and Kyle Payne, twin brother Larry Payne and sister Pamela Nichols.

 

 

For more information regarding Mr. Payne, General Credit Forms, Inc., or the McCormick Family of Businesses, please contact Bryan Eovaldi, President, GCF, at (314) 216-8600.

General Credit Forms, Inc., Investor Group Acquires K.E. Label

 

Contacts:

 

Bryan Eovaldigcf_logo

President

General Credit Forms, Inc.

 

(800) 325-1158 phone

(314) 216-8570 fax

beovaldi@gcfinc.com

 

Paul Vogtadvancedlabelingsystems

VP and General Manager

Advanced Labeling Systems, LLC

(800) 878-2208 phone

(303) 368-1814 fax

pvogt@advancedlabelingsystems.com

 

 

Don PoseyKELOGO_624_125PNG

President

K.E. Label Corporation

(314) 551-0110 phone

(314) 551-0112 fax

don@kelabel.com

K.E. Label Corporation Is Acquired by General Credit Forms, Inc’s Investors

 

 

Earth City, MO – On April 4, 2016, the investor group that owns General Credit Forms, Inc. (GCF) completed the acquisition of K.E. Label, a St. Louis, MO based company that specializes in the design and manufacture of labels and tags.  K.E. Label joins a portfolio of companies that includes General Credit Forms, Inc. (GCF), Golden Business Forms, Inc (GBF), South Seas Data, LLC (SSD), McCormick Paper Company, Inc. (MPC) and Advanced Labeling Systems, LLC (ALS).

 

All of the companies held by this investor group are involved with manufacturing, warehousing and distributing products and services for the point-of-sale bankcard payment industry, money transfer industry, manufacturing, food and beverage, industrial and medical industries.  The companies collectively service an impressive list of Fortune 500 customers and see clearly that the addition of K.E. Label to the current stable of affiliate companies will enhance the breadth and quality of services provided to their customers.

 

K.E. Label currently develops and manufactures pressure sensitive labels for Fine Retail, Food Service and Industrial products. They produce high quality 4 color process labels and tags for a number of regional and national companies and are one of the largest producers of scale labels in the Midwest.

 

Don Posey, President of K.E. Label said, “General Credit Forms, Inc. and Advanced Labeling Systems, LLC have the technology and resources to strategically extend our pressure sensitive label products to an even larger market place, especially in the food and beverage, financial services and consumer packaging industries.  We feel strongly that our alliance with this ownership group will serve to strengthen K.E. Label both operationally and organizationally in an increasingly global market.  Through the utilization of existing group synergies combined with those of the family of companies owned by this investor group, we aim to diversify our product offering to significantly grow our existing customer base and expand our distribution channels.”

 

Bryan Eovaldi, President of all the affiliated companies said, “The acquisition of K.E. Label provides additional scale to our existing label product offerings into the collective affiliated companies’ portfolio of products and services.  It will further the companies’ strategic position to remain the dominate provider of products and services for an ever growing consumer base.  We are delighted that K.E. Label is now a part of our family of companies.”

 

Collective products now offered by the companies include; printed forms and sales receipts, printed and blank POS rolls, proprietary POS hardware, thermal transfer and direct thermal printers, traditional POS terminal equipment, depot and repair services on proprietary and traditional POS equipment, POS ribbons and imprinters, labels and decals, security products, checks and general business forms, call center services, warehousing and distribution services and a variety of other items used in banking, gaming, ATM’s, money transfer, retail petroleum/c-store and the bankcard industries.

Two New Members Join the GCF Family

GCF is happy to announce the addition of two new employees – Lindsay Oller in Sales and Laura Strong in Finance.

Lindsay Oller Regional Sales Manager

Lindsay Oller
Regional Sales Manager

Lindsay Oller joined GCF in July 2015, bringing 15 years of award-winning sales experience with companies such as Sprint and Purchasing Association of Private Clubs (PAPC).  A resident of Louisville, Kentucky, Lindsay will focus her efforts on the South and Southeastern United States, both maintaining existing customer relationships and prospecting new business for GCF and its affiliated companies.  We would like to invite all of our customers and industry friends to welcome Lindsay as she will be representing GCF at several trade shows throughout 2016.

Laura Strong joined the GCF family on January 25, 2016, in the role of Assistant Controller.  Laura is a long-time St Louis resident, and received both her Bachelor’s degree and MBA from Lindenwood University.  Laura brings to GCF years of accounting experience with companies like Elder Manufacturing Company and Electric Power Systems International.  In her role as Assistant Controller, Laura will be responsible for the day to day operations of the accounting, human resources and benefits functions of GCF.

GCF is excited to announce the addition of Lindsay and Laura, and hope you will join us in welcoming them to the GCF family.

 

GCF to Exhibit at ETA, SEAA and MWAA

 

GCF will be exhibiting at a full slate of trade shows in 2016.  We hope you will make plans to visit with us if you will be attending any of the following shows:

 

Transact16 logo

TRANSACT 16 – The largest annual gathering of payments professionals in the United States, Transact 16 – produced by ETA – will take place at the Mandalay Bay Events Center in Las Vegas, Nevada, April 19-21, 2016.

www.electran.org/events/transact16/

 

2016 SEAA Banner Logo

SEAA – Join 700+ payments professionals for the 15th Annual Southeast Acquirers Association conference in St. Petersburg, Florida.  SEAA 2016 is at the historic Vinoy Renaissance Resort, May 2-4, 2016.

www.southeastacquirers.com

 

 

MWAA 2C Logo

MWAA – The Renaissance Cleveland Hotel will play host to this annual Summer gathering of payments professionals, July 26-28, 2016.

www.midwestacquirers.com

MWAA and Retail NOW logos

Summer 2015 Trade Shows: GCF to to Exhibit at MWAA and RetailNOW

General Credit Forms is excited to be participating in two great trade shows supporting the merchant retail industry this summer, Midwest Acquirers Association and RSPA RetailNOW.

MWAA and Retail NOW logosThe Midwest Acquirers Association Annual Conference will be held at The Palmer House Hilton in Chicago, July 14-16, 2015. The MWAA is the premier summer event for professionals in the merchant acquiring industry. Hear industry leaders discuss topics including new PCI regulations and best practices, and visit the Exhibit Hall to meet top processors and industry vendors, including GCF. For more details and registration information, please visit the MWAA website, www.midwestacquirers.com.

RSPA RetailNOW 2015 will be held at the Gaylord Palms Resort and Convention Center in Orlando, August 2-5, 2015. RetailNOW is the place to be for players in the retail technology and point of sale industries. The leading hardware and software vendors will be displaying their latest products. For more details and registration information, please visit the RetailNow website, www.gorspa.org.

If you plan on attending MWAA or RetailNOW, and would like to learn about the products and services available from GCF, or how GCF can help turn POS supplies into a revenue stream, please contact Jim McCormick at (314) 216-8600 or jimmccormick@gcfinc.com

Tom Hardin

Tom Hardin: Friend, Colleague and Industry Pioneer

GCF announces the passing of industry legend Tom Hardin General Credit Forms, Inc., and the McCormick Family of Businesses, is sad to report the passing of our friend and colleague, Tom Hardin. Mr. Hardin passed away on April 30, 2015, at the age of 80. He will be missed by all that knew him and the many that remember him as an industry leader throughout his life.

Tom HardinBorn Lewis Thomas (Tom) Hardin III on January 30, 1935, Mr. Hardin spent more than five decades in the transaction processing industry. After receiving an engineering degree from the University of Tennessee, Mr Hardin spent several years with IBM, who had developed tab card processing for the credit card industry.

Tom left IBM in the early 1970s and joined General Credit Forms in its infancy. At General Credit Forms, Tom pioneered the paper sales receipt that could be optically scanned by computers, replacing the tab card for the credit card industry. This was the beginning of many innovations to come. Tom’s efforts and relentless focus on the changing needs of the credit card industry positioned General Credit Forms as an industry leader during his tenure of more than 30 years with the company.

During this time, Tom guided software developers, customers, competitors and industry associations in a meaningful direction to achieve the efficiencies that we take for granted today. Tom was an industry pioneer and spent years serving the industry as a board member of trade associations such as the National Retail Merchants Credit Division, Bankcard Services Association, and the American Bankers Association Bankcard Division. In addition, Tom was a central figure, supporter and expected participant in hundreds of trade shows supporting the banking, petroleum and retail industries. He offered information, help, support and friendship to all concerned, be they friends, strangers or competitors.

Tom was a devoted father and husband. Tom was preceded in death by his wife Kathleen, and is survived by his sons Joel and Scott.

Tom was an avid outdoorsman, and remained active with his many hunting and golfing friends to the very end. He will be sorely missed by all.

For more information regarding Mr. Hardin, General Credit Forms, Inc., or the McCormick Family of Businesses, please contact Bryan Eovaldi, President, GCF, at (314) 216-8600.

GCF Goes BPA-free

There has been much press lately surrounding the chemical compound bisphenol-A (BPA) and potentially harmful side effects from exposure to this chemical. Recent articles have reported that Americans are being exposed to high levels of BPA through an unexpected source, thermal paper receipts. While BPA is present in some thermal papers, specifically those manufactured outside of the United States, it is not the industry standard, as some have reported. Appleton Papers discontinued the use of BPA in its thermal papers in 2006, and is the primary source of thermal paper for the rolls manufactured by General Credit Forms, Inc. (GCF).

BPA was first synthesized in 1905, and became widely used in the 1950s. BPA is present in polycarbonate plastics and epoxy resins, and has been widely used in the production of hard plastics and consumer goods. According to the Bisphenol A Global Industry Group, polycarbonate plastic is used in the production of eyeglass lenses, medical equipment, water bottles, CDs and DVDs, cell phones, consumer electronics, household appliances, and many other products. Epoxy resins are found in industrial floorings, adhesives, industrial protective coatings and the interior lining of canned goods.

BPA has been regarded as safe for decades. However, some recent research reported in the Washington Post (July 27, 2010) and USA Today (July 27, 2010) suggests that exposure to the compound may cause a range of health issues, including reproductive problems, heart disease, diabetes and cancer. As recently as 2008, the FDA found that BPA was safe in food contact materials. However, in a 2010 report, the FDA noted that recent studies provide reason for some concern about the potential effects of BPA. Canada and several US States have imposed bans on certain products containing BPA, most often related to products designed for babies and infants.

Recent news articles and press releases would lead the public to believe that thermal paper containing BPA is an industry standard in producing receipt rolls. This is certainly not the case. Appleton Paper, GCF’s primary paper supplier, is the United States’ largest manufacturer of thermal paper. Appleton removed BPA from the formulation of its product in 2006 out of growing concerns regarding the safety of BPA.

“After reviewing toxicology reports and available studies we concluded removing BPA from our thermal products was the responsible thing to do,” said Kent Willets, Appleton’s vice president of strategic development. “We are committed to actively managing the safety of all our products.”

General Credit Forms, Inc., the largest converter of thermal receipt rolls for the merchant acquiring industry, has been using American-made Appleton papers for more than 30 years. While economic concerns have led to several price increases in the paper industry over the past 24 months, there have been no specific price increases related to the reformulation of BPA-free thermal paper since it has been the Appleton standard since 2006.

Glen Taylor, GCF’s Vice Chairman said, “As the Nation’s largest manufacturer of thermal paper, Appleton has a long history of responsible domestic manufacturing. We are proud of our partnership spanning more than 30 years with a company that is committed to safe products and domestic production. We want to make it clear to our current and prospective customers that both GCF and Appleton will continue to be scientifically and socially responsible with their products. We encourage everyone to closely evaluate the accuracy of claims made by other paper producers and roll manufacturers and resellers so that they will not be misled by erroneous information.”