DES MOINES, Iowa, and RANCHO CUCAMONGA, Calif. (March 14, 2013) - As leaders in innovation, together The Members Group (TMG) and CO-OP Financial Services will host a one-hour webinar, "Retail Payments - The Prepaid Forecast," on Thursday, March 21. During the webinar, Konrad Christensen, retail payments product manager for TMG, will discuss the prepaid trends that are changing the competitive landscape of the prepaid marketplace, creating increased opportunity for credit unions.
"Prepaid programs have generally targeted the underserved consumer in recent years, but that concept is changing," said Christensen. "Credit unions are finding success with prepaid as a door-opener to entirely new markets, including Gen Y, wealthy travelers and parents of teens who still need help with budgeting."
In addition to an examination of the competitive landscape, the webinar will include information on trends in consumer preferences and behaviors that reflect a growing opportunity for prepaid programs at credit unions. As well, Christensen will share tips and best practices for optimizing prepaid programs.
In February, CO-OP Financial Services announced it would begin offering TMG's reloadable prepaid cards. "The TMG program is a very attractive way for our clients to provide their members and non-members with a versatile reloadable prepaid card," said Stan Hollen, President/CEO, CO-OP Financial Services. "As the payments landscape evolves, it will be critical for credit unions to offer members many different ways to transact. The rising popularity of prepaid cards underscores consumer demand for multiple payment tools, and we look forward to providing this platform to our clients."
As a precursor to the webinar, Christensen was a guest on the TMG Podcast. To listen, credit union staff are encouraged to download the free podcast at http://themembersgroup.com/the_tmg_difference/podcasts.
Retail Payments - The
Thursday, March 21, 2013
1 to 2 p.m. Central
Online registration for the webinar is now open at http://tiny.cc/7voutw.
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.
About CO-OP Financial Services
Based in Rancho Cucamonga, Calif., and founded in 1981, CO-OP Financial Services is the nation's largest credit union service organization in terms of number of credit unions, assets and members. The company specializes in helping credit unions thrive by providing products and services that make it more convenient for members to do business with them. With a motto of "Be There. Be More," CO-OP's products fall into three business lines, including "Locations," (ATM, shared branching and call center services); "Card Payments" (debit and credit processing) and "Mobile/Virtual" (mobile, check imaging, bill pay services). To learn more visit www.co-opfs.org.