News

The recent holiday season proved very beneficial for the ATIRAgift card, a prepaid, open-loop card offered by The Members Group, a payments CUSO affiliated with the Iowa Credit Union League.

(Des Moines, Iowa – January 9, 2012) – Financial institution clients of The Members Group (TMG) collectively sold 25 percent more ATIRAgift cards during the 2011 holiday season as compared to the same period last year.

DES MOINES, Iowa-Instead of cutting rates to battle tough consumer lending competition, CUs will need to gain greater relevance in the minds their members and communities in order to generate more loans.

RANCHO CUCAMONGA, Calif.-The new year brings new scrutiny to how long the debit interchange window of opportunity will remain open for credit unions.

Dwolla, an online mobile payment platform operated by The Members Group, is eliminating the 25-cent fee it charges for small-dollar payments - those under $10. TMG, a payment processing firm owned by a credit union group, said the move is intended to make Dwolla more attractive to both merchants that deal in small-dollar products (like coffee and snacks) and to younger consumers.

CO-OP Financial Services and The Members Group have announced a strategic partnership aimed at letting them jointly develop products and present a unified portfolio of payment services for credit unions.

DES MOINES, Iowa/RANCHO CUCAMONGA, Calif. — In a move that seeks to create the largest payments solutions provider within credit unions, The Members Group (TMG) and CO-OP Financial Services said today they have entered into a strategic partnership.

The Members Group and Co-op Financial Services have entered into a strategic partnership to create the largest payment-services provider for credit unions, the companies announced Jan. 5.

Last spring, I wrote a post about electronic pick-pocketing, a crime perpetrated by hackers using devices to read data from the contactless cards in consumers’ wallets. At the time, the only prevention method really discussed was a protective sleeve consumers could put around their contactless cards to stop the hackers from stealing their information simply by walking past.

DES MOINES, Iowa, and RANCHO CUCAMONGA, Calif., (January 5, 2012) – The Members Group (TMG) and CO-OP Financial Services announced they have formed a strategic partnership to combine strengths and deliver the largest array of cutting-edge payment solutions for credit unions.