President and CEO George Reich founded the Paperless Transaction Corporation in 1998 to provide the retail segment cost-cutting software and firmware applications for electronic check processing. Located in Irving, Texas, PTC programmers designed a powerful database software system capable of processing millions of electronic check transactions quickly and accurately. PTC was first to exploit new banking regulations permitting the use of electronic debit items in place of conventional paper checks. The Dallas Business Journal praised PTC for their innovation, naming them in 2001 the 2nd fastest growing tech firm in the Dallas-Fort Worth Metroplex. During this startup period, PTC boasted a sustained growth of 600%.
At its inception, PTC employed four core staff members. Reich hired daughters Emily and Andrea Reich to serve, respectively, as Operations Manager and Marketing Manager, while Bobby Hestand took a position as IT Director. Over the years, PTC has remained a family business with the additions of son-in-law Micah Hobart, Vice President and Chief Operating Officer, and Patrick Moraw, VP of Sales.
In 2004 PTC undertook a study to determine the viability of devoting their efforts entirely to the faith-based ministry and church non-profit areas. The results were surprising. PTC discovered that faith-based fundraising was severely underserved, with few web-based solutions available to assist in this essential work. Recognizing an opportunity to come alongside churches and non-profits to help achieve their strategic missions, PTC reworked its business model to reflect their new priority.
Later that same year, PTC recruited a team of internet-savvy programmers and charged them with the task of modifying existing software applications to function as web-based giving platforms. This emphasis on technological innovation remains a central facet of PTC’s mission and has yielded an array of sophisticated web- and mobile-based giving solutions, including iPad and iPhone applications and giving pages, events support software, e-commerce shopping carts, Text-To Give capabilities, Facebook apps and Virtual Terminals for credit card and check processing.
Employees at PTC share a love of the Gospel, a commitment to ethical Christian principles and a servant attitude. They treasure their role in providing web-based fundraising solutions that assist ministries and churches in spreading the Gospel and alleviating suffering throughout the world.
PTC continues to be encouraged by countless stories of how their web-based fundraising software has helped grow ministry and church donations by as much as 60%.
George Reich – President and CEO
A graduate of California State University with a degree in business, George possesses 30 years of experience in electronic payment systems. A military veteran with a diverse range of professional and church experiences, George volunteered six years as a Bible study teacher with Bible Study Fellowship and is a former member of the board of directors of Sterling Payment Systems, a national credit card processor. He served as special advisor to the board of Rafiki Africa Ministries, an organization providing food and shelter to African communities. George considers his most important achievement to be his 47-year marriage to Mary Lynn. He is grandfather to five children.
Micah Hobart – Chief Operating Officer
Micah Hobart brings over 20 years of experience in payments and business management to PTC. After completing his Master of Business Administration in finance from the University of Iowa in 1997, Micah spent two years in the management training program at Procter and Gamble. Prior to joining PTC, he worked at Luminant Worldwide as an enterprise strategy consultant. Micah is tasked with establishing the strategic direction for technology, operations, marketing and sales, and is responsible for managing PTC’s relationships with credit and debit networks and banks.
Patrick Moraw – VP of Sales and Marketing
A graduate summa cum laude of Southwestern Assemblies of God University with a double major in Christian Education and Pastoral (Church) Ministries, Patrick joined PTC in 2003 as Vice President of Sales and Marketing. In this role, Patrick helps develop the innovative giving and fundraising software used by clients across the country. A frequent speaker, he routinely demonstrates the effectiveness of PTC products at events and conferences. A major focus of Patrick’s work involves creating new strategic partnerships with non-profit and church software companies that offer value-added solutions to PTC’s clients. Patrick and his wife Rachel have three children. Together they founded the Family D.R.E.A.M. Center, an organization that provides instruction and training in dance, music, education and the arts to children and families all over the Dallas-Fort Worth Metroplex.
Paperless Transaction Corporation's home base is located in Las Colinas in Irving, Texas. Our spacious offices in the Waterway Tower building provide not only an employee workplace, but also a training center, a call center, a design/development staff area and an executive wing. All software and technology is housed in a Tier 1 Data Center named FireHost, where specialized security engineers proactively monitor live security data points around the clock. Paperless offers live phone support 24/7 by way of three strategically located US call centers across the country.
Paperless Transaction Corporation serves the non-profit community in many ways. In addition to fundraising and donation processing services, PTC also has an Ambassador Program designed to help non-profits reach their goals.