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TMG Releases White Paper on Reloadable Prepaid Cards for Business

(Des Moines, Iowa – March 30, 2011) – As reloadable cards gain popularity among consumers, TMG’s Konrad Christensen hopes community financial institutions (FIs) will realize an even better end-user for the prepaid product – business clients. “One business owner represents an entire community of potential cardholders,” writes Christensen in the newly released white paper. “Most small to mid-sized companies are linked to hundreds of customers, employees, partner firms and suppliers – each representing a group of prospective reloadable card users.” Rather than expend the resources it

Premier Credit Union Adds Alternative Payments Technology Dwolla

(Des Moines, Iowa – March 3, 2011) – Des Moines-based Premier Credit Union today announced it will add online, mobile and social payments platform Dwolla to its existing member services. The Dwolla platform, which Premier members will access through a button on PremierCU.org, will allow Premier’s members to make real-time transactions with friends, family and a growing list of merchants either online or via smartphone. By accessing Dwolla through Premier’s co-branded interface, Premier members will be issued a Dwolla user ID instantly, bypassing Dwolla’s 2- to 3-day account

TMG’s Alternative Payments Solution Rolls Out First-in-U.S. Feature

(Des Moines, Iowa – March 2, 2011) — Dwolla, the online, mobile and social payment platform supported by The Members Group (TMG), today announced the release of the nation’s first location-based payment technology. Called Dwolla Spots, the technology allows Dwolla users to pay for goods or services on-site – and for a flat transaction fee of 25 cents. Marketed to both consumers and businesses, Dwolla Spots creates a convenient and inexpensive way to exchange money on location from a mobile device. To pay a merchant, a Dwolla user selects the new Spots tab from within Dwolla’s mobile

TMG Releases White Paper on Alternative Payments

(Des Moines, Iowa – February 21, 2011) – There’s a frightening reality facing today’s financial institutions – they may no longer be integral to the movement of money. So says TMG’s Brian Day in a new white paper exploring alternative payments. The paper, “Maintaining Your Foothold in the Payments Ecosystem,” available for free download at themembersgroup.com/PRalternativepayments. Day, product development architect and lead on TMG’s Dwolla initiative, writes that financial institutions must stay in the middle of the consumer-to-merchant transaction. They can do this, Day argues, by

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