Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
TMG reloadable prepaid cards aim to reach underserved
DES MOINES, Iowa (3/2/12)--The Members Group (TMG), a provider of card processing and payment systems, has added instant issuance to the list of features on ATIRA- and Coopera-branded reloadable prepaid cards to assist credit unions in reaching the underserved market, TMG said.

"It's difficult for someone without a traditional banking relationship to hand over his hard-earned cash and then wait five to seven days for his card to arrive," said Konrad Christensen, TMG's retail payments product manager. "Being able to supply that card immediately will help financial institutions clear one of the major hurdles that come with introducing underserved communities to the financial mainstream."

TMG has modified its program so financial institutions no longer need to secure a Taxpayer Identification Number from a reloadable prepaid card applicant. This will make it simpler for financial institutions to begin offering vital financial services to immigrant populations, Christensen said.

Instant issuance will be available on TMG's ATIRAreload product and the  Coopera Card, a reloadable prepaid card, built specifically for the Hispanic market, offered by Coopera in partnership with TMG.
Other Resources

RSS print
News Now LiveWire
#Bank disgust not only factor driving #creditunion millennial membership: Inc. http://t.co/sHnjhQwDKc
11 minutes ago
#NewsNow Regulator says large banks could face downsizing for ethics gaps http://t.co/B8SMd0RCNr
17 minutes ago
.@NJCUL is kicking off its annual Youth Involvement Board statewide scholarship program. http://t.co/oAGZXSm34r
20 minutes ago
#NewsNow NCUF honors Schumacher with Wegner award http://t.co/Ot3Mn9f50Z
23 minutes ago
60% of consumers willing to share personal identification information with financial institutions via @LexisNexis http://t.co/qFlyXJDCL8
27 minutes ago