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TMG partners with MShift to expand mobile banking
DES MOINES, Iowa (6/4/10)--TMG and MShift Inc. have partnered to expand their portfolio of products to include mobile banking and transaction alerting solutions. They are working with Visa Inc. “Customers now expect the ability to transact with their financial institution via their mobile phone to be a given,” said Scott Moeller, CEO of MShift. “Phones are no longer just for talking.” The MShift Mobile Banking platform provides mobile technology for Android, Blackberry, Nokia, iPhone and other mobile devices. Through this platform, cardholders can view data and transactions on the desktop through their phones. The platform can be integrated into a credit union’s existing Internet banking solution without changing its core processing system. With the TMG Mobile Transaction Alerts solution, Visa cardholders can receive transaction alerts in real-time so accountholders can take action if they believe a fraudulent transaction is taking place. Alerts are triggered based on accountholder preference. For example, alerts can be sent when a transaction is declined or has exceeded a specified amount. The alerts also help consumers better manage their money, TMG said. “Rather than waiting to see transactions either via Internet banking or a monthly statement, transaction alerts provide real-time spend tracking to the cardholder, which has become paramount in today’s economy,” said Jeff Falk, TMG director of product development. MShift provides mobile platform technology for the financial services industry. TMG is a wholly owned subsidiary of Affiliates Management Co., which is owned by Iowa credit unions and their members. It provides card processing and payment solutions to credit unions.


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