Payments processor TMG announced a new web-based tool to help credit unions better manage their plastic card stock. TMG, headquartered in Des Moines, Iowa, said this task has become more complicated for many financial institutions in recent years as global demand for EMV chip plastic has increased.
"As TMG has assisted our issuing partners through the EMV process, we have seen ordering and reordering times ebb and flow," TMG product manager Chole Casber said.
Casber continued, "However, on average, we are seeing approximately a 140% increase in production times for EMV cards."
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