Big CUSO to invest in Iowa-based organization, jointly develop "portfolio of payment services."
Jeff Russell may have started working with credit unions as a college freshman simply because the position at The Members Group paid better than food service, but the president/CEO of TMG Financial Services has since become credit unions' biggest advocate.
Mobile and P2P payments specialist is now offering “Proxi,” a smartphone app that will allow users to exchange money with other people and merchants in their proximity.
A new white paper from The Members Group suggests mobile banking is enabling credit union members to take over the notion of customer service.
The Members Group turns to NCB to fill in for waning Iowa Corporate Central Credit Union.
TMG Financial Services, the agent issuing card arm of The Members Group, a payments CUSO affiliated with the Iowa Credit Union League, said that 19 credit unions have opted to begin offering business credit cards through an agent issuing relationship with the organization.
Two credit unions that had previously sold their portfolios to agent issuers are replacing national bank issuer contracts as they expire, they said.
Cardholders of credit unions using The Members Group as their processing provider now can choose to get text alerts about possible fraud attempts.
Iowa entrepreneur one of seven award winners picked by attendees at San Francisco financial technology confab.
The Members Group cites results, urges issuers to retain and boost rewards programs.