(Des Moines, Iowa – Nov. 2, 2012) – The Members Group (TMG) today reported a 20-percent year-over-year increase in cardholder accounts processed, saying it has added nearly 700,000 card accounts in recent months.
CBC Federal Credit Union of Oxnard, Calif., is the most recent financial institution to bring card accounts to TMG. The California credit union has signed on with the payments company for credit, debit and PIN processing.
CBC serves more than 20,000 members in Ventura County, Calif., from five branches and nearly 30,000 ATMs nationwide. TMG will support CBC’s card programs, processing both PIN and signature transactions. TMG processes credit, debit and PIN transactions through the same system, greatly improving fraud monitoring and detection capabilities. In addition, TMG will provide fraud monitoring, 24/7 customer service, mobile payments and online banking technologies to CBC.
“We chose TMG because they do not believe in a ‘one size fits all’ approach to payments services,” said Patrick Miller, CBC president and CEO. “With TMG, we have the ability to customize our products, services and technology to fit our particular business needs. This gives us a competitive advantage in the market and an opportunity to build customer loyalty and increase revenue.”
About TMG
The Members Group (TMG) is dedicated to creating customized, technology-driven card processing and payment solutions for credit unions and community-based financial institutions across North America. Innovations in fraud management, loyalty programs, alternative payment systems and analytic reporting, and the competitive advantages they create, have helped TMG forge a new standard in offering cutting-edge credit, debit, ATM, prepaid card products and a P2P payment solution. For more information, visit www.themembersgroup.com.