TMG News Archives

Disruptive technologies push FIs to innovate

Disruptive technologies push FIs to innovate

by. Shazia Manus Recent research revealed more than half of retail financial institution (FI) executives consider non-traditional financial services providers a threat to traditional FIs. Conversely, 31 percent view non-traditional players less as a threat [...]

Analyze data on existing products before launching new ones

Analyze data on existing products before launching new ones

by. Brandon Bogler Industry experts are expecting financial institutions (FIs) to innovate in 2014 by launching new products and services in various categories. These categories include mobile payments, mobile wallets, personal financial management tools, photo [...]

More retailers supporting mobile, even as fraud concern is up

More retailers supporting mobile, even as fraud concern is up

by. Brian Day The mobile channel is playing a growing role in retail business. In fact, mobile commerce now accounts for 20 percent of retailers’ business, according to a recent report. The report, “Mobile Payments [...]

Canada reports EMV cuts fraud losses

Canada reports EMV cuts fraud losses

by. Brandon Kuehl With 80 countries around the globe currently in different phases of EMV chip card adoption, the technology’s impact on fraud is becoming clearer. Canada, for instance, converted to the EMV standard [...]

Debit EMV routing agreements pick up steam

Debit EMV routing agreements pick up steam

by. Brandon Kuehl Recent high-profile data breaches have accelerated debit networks’ interest in entering debit routing agreements with Visa and MasterCard. The ever-growing list of newly minted agreements is helping pave the way for EMV [...]

What issuers can do today to address card-not-present fraud

by. Nicole Reyes The most important change an issuer can make to address the growing risk of card-not-present (CNP) fraud is to hone its fraud-detection strategies to identify and prioritize accounts where a transaction has [...]

New ways to authenticate card-not-present transactions

New ways to authenticate card-not-present transactions

by. Brandon Kuehl Consumer-facing solutions for authenticating digital transactions had been bandied about the industry a few years ago. These include an EMV card reader that individuals would use to authenticate their cards for online [...]

Who pays for card-not-present fraud losses?

Who pays for card-not-present fraud losses?

by. Nicole Reyes What follows is an excerpt of the white paper “What Card Issuers Need to Know about Card-Not-Present Fraud,” which is available for download at themembersgroup.com. For many years, issuers were somewhat [...]

Millions using prepaid cards monthly

by. Konrad Christensen American consumers are using reloadable prepaid cards in increasing numbers. In fact, Mercator Advisory Group reports $65 billion was loaded onto prepaid cards in 2012, double the amount loaded in 2009. Furthermore, [...]

Data management key to successfully mining data analytics

Data management key to successfully mining data analytics

by. Brandon Bogler Data analytics can play an important role in the way financial institutions (FIs) go about building their customer bases and generating new revenue streams. However, a recent survey found that many FIs [...]

Competing with big banks in the mobile space

by. Brian Day With 51 percent of U.S. adults and 61 percent of Internet users logging into online banking, community financial institutions (FIs) cannot afford to ignore the demand for online bill-pay, deposit capture [...]

More consumers read email on the move

by. Georgann Smith When formulating an email marketing strategy, keep this in mind: Desktops and laptops are taking a backseat to mobile devices as consumers’ preferred method for checking email. In fact, according to email [...]

TMG clients prepare for #EMV conversion

TMG clients prepare for #EMV conversion

by. Brandon Kuehl Recent high-profile data breaches have brought about speculation that some card issuers may be working to speed up their EMV conversion plans. Merchants, too, are ramping up their efforts, with Target leading [...]