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TMG expands into advisory services for credit card portfolios

November 30, 2017

Credit card agent issuer TMG Financial Services has announced that it will create an advisory services product suite to offer credit card teams at financial institutions an "extra set of hands," according to a company press release.

"The firm was originally founded to manage purchased credit card portfolios … ," TMGFS Chief Strategy Officer Eric Schurr said in a press release. "Over time, however, we found our experts could also be of service to community financial institutions that want to maintain ownership of their card portfolios. 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."

Schurr said that the advisory services suite of products will allow card issuers to progress their own credit card program with help from a team of experts whose expertise ranges from underwriting and collections to marketing and data analytics.