Qualified credit unions must use personalization processes and chip certification to match the faster program.
Processor says data shows two-year jump of 12% in average debit transaction.
Card processor says 62% of its client respondents cited fraud reduction and MasterCard/Visa liability shift for planned move away from mag stripes.
Credit unions that adopt the TMG product will sign contracts directly with TMG, who will be responsible for sales, implementation, support and invoicing.
PSCU, CO-OP Financial Services and The Members Group have partnered with MasterCard to make the new technology available to credit unions.
Card management consultants working with a payment processing CUSO and association are working to convince credit unions to look more deeply into their card members data to help the credit unions improve their card portfolio management decisions.
This in-depth look at how Big Data can help the cards portfolio is a preview from next week's print edition.
Credit union members who opt into fraud text alerts receive texts asking them to verify or report a flagged transaction.
Credit unions processing their payments with FIS and The Members Group are among the first to have the chance to sign on with V.me, Visa’s new digital wallet program designed to make online shopping easier and more secure.
Digital wallet service now offered to credit unions processing cards with The Members Group.