What we’ve learned about credit in a decade of business

first_img ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr TMG Financial Services is celebrating 10 years in business. Founded in 2007 with three clients, we now serve 50 financial institutions and other member-centric organizations. Over the last decade, our portfolio has grown to 120,000 credit cards and $225 million in assets under management.During the decade our expert team has managed the TMGFS credit card portfolio, a lot has changed. Rates and the associated costs of funds have fluctuated, consumer preferences have shifted and numerous new ways to pay have been introduced to the market.Although the things we’ve learned about what it takes to create, manage and support successful credit card programs are too many to count, I’ve highlighted a few key learnings below.1. Different community financial institutions and their cardmembers have unique needs. While some of our partners determine selling their portfolios to an agent-issuer is the best path for their business and membership, others will maintain ownership but seek out expert help to manage their credit card programs. Particularly in this rapidly transforming payments marketplace, cards teams are often looking for a second opinion, an extra set of hands or a new game plan altogether. continue reading »last_img read more