TMG Shares How Card-Issuing Clients are Preparing for EMV
DES MOINES, IA (September 13, 2013) — In a podcast broadcast live Sept. 11, Dan Lozier, director of client relations for payments processor The Members Group (TMG), described how TMG’s clients are readying portfolios for the country’s migration to the EMV standard.
According to Lozier, there are essentially three EMV implementation strategies TMG’s clients are pursuing:
1) Rolling out new EMV cards at the time of natural reissue
2) Segmenting the portfolio, issuing EMV cards to select cardholders
3) Continuing to monitor the EMV landscape before setting a defined plan
TMG VP of Marketing and the podcast’s host, Georgann Smith, said each of the three EMV implementation strategies is supported by TMG. The processor is consulting with clients individually to determine the best course of action for their portfolios.
Lozier said his clients’ EMV roadmaps have largely been determined by the number of cardholders in a given portfolio who travel. Limiting fraud, however, is another motivating factor, as the October 2015 liability shift nears.
The podcast, titled “How Your Colleagues are Preparing for EMV,” is available for on-demand listening by visiting themembersgroup.com/preparing_for_emv. Other TMG Podcast episodes can be accessed from an online library at themembersgroup.com/the_tmg_difference/podcasts.
TMG Podcast topics currently in the library include:
- A look at the future of compliance
- Trends in the prepaid cards market
- Data analytics for credit and debit card portfolios
- Where to place your bets in the digital-wallet space
- How photo cards work to boost walletshare
Financial institution leaders can access the free episodes anytime. They can also sign up for alerts on upcoming episodes by subscribing to TMG’s channel at BlogTalkRadio, blogtalkradio.com/themembersgroup.
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.