Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
TMG reports 25 growth in holiday gift card sales
DES MOINES, Iowa (1/11/12)--The Members Group (TMG) grew sales of its ATIRAgift cards 25% during the 2011 holiday season, compared to the same period last year.

TMG added 32 prepaid clients in 2011, of which 29 market the company's open-loop Visa gift cards.

Konrad Christensen, who leads the retail payments team for TMG, said many of those clients have have put forth high-quality, targeted marketing campaigns to successfully reach likely gift-card buyers in their individual markets.

"Over time, consumers have come to recognize the open-loop gift card as not only an option, but the better option, when compared to closed-loop cards," said Christensen, TMG's retail payments product manager.

The average dollar amount loaded to ATIRAgift cards remained unchanged at roughly $82.50 during the 2010 and 2011 holiday seasons.


RSS print
News Now LiveWire
The Hill reports House Republicans plan to delay Aug. recess to stay in D.C. until they have enough votes to pass bill on border crisis.
16 hours ago
The FHLBs of Des Moines and Seattle announce they have entered into an exclusivity arrangement regarding potential merger of the 2 entities.
17 hours ago
SunCorp and @AlloyaCorp have announced their intent to merge.
19 hours ago
.@TheNCUA bars former employee of Southwest Communities FCU,Melissa Rosing,from work at any federally insured FI. http://t.co/owtVnPxVZT
19 hours ago
Fryzel added @TheNCUA is fed. governmt, thereby will B criticized, but always tried 2 do what is right. McWatters still 2 B sworn in.2of2
21 hours ago