First Data and The Members Group (TMG) have begun offering an expedited EMV implementation to qualifying TMG clients.
First Data is a global leader in payments processing and electronic commerce solutions. TMG, a leading payments processor, provides innovative, end-to-end payment solutions and proprietary, web-based card servicing and reporting tools to credit unions and community banks.
First Data has qualified with both Visa and MasterCard to offer an expedited EMV credit card issuance program to financial institutions. The streamlined program, using standardized processes, supports TMG's brand promise of "making life easier" for its clients by enabling them to launch their EMV programs quickly, efficiently and with reduced complexity.
"Offering this expedited process from First Data helps make the transition to EMV less burdensome for our clients," said Brandon Kuehl, product manager, TMG. "Building an easier path to EMV migration was a message TMG heard from our clients from the start. By partnering with the right organizations, our clients are now able to get EMV cards in market more quickly, which gives them a competitive edge with today's smart, tech-savvy consumer."
"Providing this streamlined capability is another demonstration of First Data's commitment to leading the industry in enabling EMV and putting our customers first," said Barry McCarthy, president, Financial Services, First Data. "We are pleased to partner with TMG in making this process easier for their clients."
First Data has completed the steps necessary to offer the expedited EMV implementation process to qualifying financial institutions. To offer the process, a processor must meet eligibility requirements outlined by the card networks, including the prior successful completion of a U.S. chip issuing project. TMG began assisting clients with EMV conversion in 2010. Financial institutions qualify for the streamlined process if they choose the same personalization parameters and the same chip certified under the express program.
First Data has supported EMV for more than a decade. Globally, the company has been an approved EMV transaction processor since 1999. First Data has also successfully personalized and fulfilled a number of U.S. issuers' EMV chip card portfolios since the move to EMV in the U.S. began. More recently, the company announced that it has formed a strategic partnership with Oberthur Technologies to manage and promote EMV in the United States.