DES MOINES, Iowa (8/31/15)--The Members Group (TMG) is among the first group service providers in the United States to issue and complete live testing with EMV chip debit cards.
The payments processor began testing the U.S. common application identifier (AID) in April and has partnered with multiple pilot clients nationally to issue in-market transactions using EMV chip debit cards.
Additionally, TMG has begun the process of migrating mag-stripe debit cards to EMV chip debit cards and expects more than 30% of its clients to complete the transition by the end of 2015. Today, more than 60% of the company’s clients are certified to issue EMV chip debit cards on the First Data debit processing platform.
On the credit side, nearly 98% of TMG’s issuer clients have completed or initiated EMV migration. TMG began assisting credit-card issuing clients with EMV conversions in 2010 and rolled out its first EMV chip credit card alongside a client that same year. Since then, the processor has developed a simple, expedited conversion process for clients implementing EMV for both credit and debit portfolios. While TMG’s credit EMV migration was rolled out in waves, debit EMV migration will take a more customized path.
“Every client’s setup is unique,” said Chole Casber, TMG product manager and leader of TMG’s debit EMV migration team. “That’s why we are taking a per-client, custom approach. This will ensure each issuer is given a roadmap appropriate for their vendors, including core processors and PIN networks.”
The vast majority (95%) of TMG’s clients have chosen to provide their cardholders with dual-interface EMV chip credit cards, which support both contact and contactless transactions. TMG expects the same will be true for those migrating debit portfolios.