DES MOINES, IA (October 31, 2013) -- Top 100 credit card agent issuer TMG Financial Services (TMGFS) today rolled out MasterPass to its more than 70,000 ATIRAcredit cardmembers. MasterPass is a digital wallet solution that gives consumers access to secure, one-click checkouts when shopping online.
“Digital purchases are generally pretty easy until you get to the online checkout,” said TMGFS Vice President of Marketing April Schmaltz. “It’s cumbersome for consumers to enter data into several different fields, especially when using tiny mobile screens. Digital wallet solutions like MasterPass eliminate that hassle, making the online shopping experience easier. As ATIRAcredit cardmembers take advantage of fast, hassle-free online checkouts, our financial institution partners can expect higher levels of satisfaction and loyalty.”
MasterPass not only enriches the online shopping experience for consumers; it also enables our partners to offer a digital wallet and provides merchants with a consistent way to accept electronic payments from any device.
The TMGFS launch of MasterPass comes at an ideal time, as this year’s holiday shoppers are expected to make digital purchases at unprecedented levels. According to eMarketer, U.S. e-commerce spending will increase more than 15 percent year over year in November and December. Spending during these two months will reach above $61 billion, up from $53 billion in 2012. Mobile commerce, most of which will occur via tablets, is expected to account for nearly 16 percent, or about $42 billion, of the $262 billion that U.S. online shoppers are expected to spend throughout this year.
“Our partners count on TMGFS to consider the competition when positioning their portfolios for the future of digital payments,” said Schmaltz. “The addition of MasterPass to the ATIRAcredit experience allows our financial institutions to compete with much larger banks and non-traditional players like Amazon and PayPal.”
About TMG Financial Services
TMG Financial Services (TMGFS) is known for providing collaborative, innovative and consumer-oriented solutions in the payments industry. From comprehensive credit card programs to industry-leading funding vehicles, TMGFS ensures financial institutions have the tools to thrive in the competitive financial marketplace. TMGFS was named one of America’s fastest-growing private companies by Inc. Magazine and currently has more than 70,000 cardmembers and $140 million in assets under management. For more information, visit www.tmgfinancialservices.com.