Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Products
TMG CO-OP Fin. Services in payments solution alliance
DES MOINES, Iowa, and RANCHO CUCAMONGA, Calif. (1/9/12)--Credit union payments providers The Members Group (TMG) and CO-OP Financial Services have formed a strategic partnership, with CO-OP making a strategic investment in TMG.

TMG and CO-OP Financial Services will continue to offer products under their own brands, operate independently and work within their existing management structures. At the same time, both companies will cross-sell all of their respective products and services.

The alliance means the two companies serve more than 40% of U.S. credit unions and provide payment services to nearly 33 million cardholders.

TMG and CO-OP Financial Services both provide core payment products, including credit, debit, ATM, prepaid products and person-to-person (P2P) payment solutions. Both companies are credit union-owned.

TMG also brings to the alliance a suite of proprietary card-data solutions, including Springboard and ClearTrend; Dwolla, a P2P payment solution; and other services. Through collaborative relationships with its sister companies, TMG also can offer Hispanic market expertise and regulatory compliance products and solutions.

CO-OP Financial Services brings additional services, such as CO-OP Network, CO-OP Shared Branching and CO-OP Member Center for lending and member-service call center support.


RSS





print
News Now LiveWire
What role are #creditunions playing in @gatesfoundation's 2030 vision of financial services? Read #NewsNow Monday
5 hours ago
Consumers fear inaccurate info lingers on credit reports, says @FTC study Read @CUNA's News Now: http://t.co/RzNLMnaROO
7 hours ago
@PCUA has formed a @LinkedIn networking group for former bankers turned #creditunion employees.
7 hours ago
.@politico reports Democrats haven't picked the city yet, but their 2016 convention will be held the week of July 25.
7 hours ago
.@cuna, @DCUC_HQ urge @CFPB to exempt #CUs from changes to Military Lending Act rules cuz CUs aren't part of the targeted problem. NN Monday
9 hours ago