Majority of credit cards will be EMV-ready by 2015
by. Brandon Kuehl Seventy percent of U.S. credit cards and 41 percent of debit cards will be EMV-enabled by the end of 2015. That’s according to a new report, which also predicts the [...]
TMG News Archives
Big data helps deliver omni-channel experiences
by. Shazia Manus I recently had the privilege of attending the World Credit Union Conference (WCUC) in Gold Coast, Australia. I joined IQR Consulting President Rahul Nawab as a presenter during the “Consumer Expectations in [...]
Different life stages require different financial marketing efforts
by. Georgann Smith Audience segmentation has always been part of a marketer’s job. Today, it’s becoming easier with the availability of advanced data and analytics solutions. Life stages are just one way smart [...]
Use big data to create ‘360-degree’ view of consumer
by. Brandon Bogler There’s no doubt data analytics can be helpful to financial institutions (FIs) in a number of ways. These include identifying the profitability of specific customer segments, isolating consumer behavior trends, developing [...]
Seasonal spending data can help issuers design promotions
A recent spending report showed a dollar volume growth of 4.2 percent in May. Retail spending saw a 1.7-percent increase, a slight bump from 1.3 percent the previous month. Importantly for issuers, [...]
Government looks to further regulate big data collection & analytics
by. Brandon Bogler The Federal Trade Commission (FTC) is asking Congress to provide new legislation calling for greater transparency and consumer control over information collected by data brokers. The FTC recently issued a report, Data [...]
What can we learn from the history of #EMV?
by. Brandon Kuehl History teaches us valuable lessons about past human behaviors, endeavors, triumphs and failures. As EMV continues to take hold in the U.S., it’s worthwhile to take a look at its [...]
Marriage of mobile banking and payments key to success
by. Brian Day Year-end 2013 saw fewer than 10 percent of mobile phones incorporating mobile wallet functionality. In the coming years, however, that statistic is expected to more than double, reaching 20 percent by 2018. [...]
EMV technology and use climbing worldwide
by. Brandon Kuehl The global spread of EMV cards continues, with new statistics showing a significant increase in the number of EMV payment cards in circulation. Specifically, a new report from EMVCo shows there were [...]
Data analytics reveal what consumers really want
by. Brandon Bogler The majority of consumers are aware that online retailers monitor their shopping habits, and many of them embrace the practice. That is, as long as they believe it enriches their shopping experience. [...]
Young people using alternative financial services at alarming rate
by. Shazia Manus There’s no question the Millennial demographic is a key target market for financial institutions (FIs). Its size, earnings potential and purchasing behavior are among the major factors contributing to the attractiveness [...]
TMG builds wearable payments app for Google Glass
by. Ryan Anderson The audience at yesterday’s 2014 TMG Executive Summit in Lake Tahoe, Calif., was intrigued by one of the latest projects to emerge from the TMG Innovation Lab – a payments app for [...]
Credit union members use mobile differently than bank customers
by. Brian Day According to new research, credit union members and bank customers tend to utilize mobile banking in distinctly different ways. The study examined more than 2 million log-ins from 158,000 mobile banking [...]
Hackers want more than payment card data
by. Nicole Reyes Data thieves love to get their hands on payment card information. However, as an emerging trend reveals, payment card data may no longer be the only thing they’re after. According to [...]
Consumer trends drive need for payments innovation
by. Ryan Anderson “Unspooling the Payments Value Chain,” a white paper I recently wrote, explores the disruptive consumer trends and technologies that are reshaping the way consumers expect to save, spend and make money. In [...]