TCF among first banks to offer consumers emerging payment technology
and chip-enabled cards that are instantly issued in branch
WAYZATA, Minn. -- (Business Wire)
TCF National Bank (TCF Bank), a subsidiary of TCF Financial Corporation
(NYSE: TCB), today announced the availability of its new chip-enabled
TCF Debit Card with contactless payment capability. The enhanced debit
card enables consumers to make purchases more quickly and securely at
payment terminals, while still providing the same convenient access to
cash and purchases. TCF also is among the first banks in the country to
offer the ability to instantly issue a full-functioning chip-enabled
debit card at TCF Bank branches, meaning customers can receive a new or
replacement TCF Debit Card on the spot.
Consumers now have several ways to pay wherever Visa is accepted:
inserting their card in a chip reader, waving it at a merchant’s payment
terminal wherever EMV-enabled payment and contactless payment is
accepted, or swiping it. The chip-enabled card also can be used at ATMs
as before.
“We are pleased to be among the first banks in the country of any size
to deliver maximum convenience and greater security through the
contactless payment feature of the chip-enabled TCF Debit Card,” said
Craig R. Dahl, chief executive officer of TCF Financial Corporation.
“Our improved debit card gives our customers the most options to pay
without compromising any of the features and benefits they’ve already
had with their current debit cards. This is one more example of our
commitment to investing in the latest technologies that give our
customers multiple ways to make secure purchases, pay bills and manage
their money.”
The chip technology in the new TCF Debit Card provides better protection
of consumers’ card numbers and personal information against fraudsters
and counterfeiters than traditional swipe-only technology. If fraud
occurs, TCF Bank’s zero liability policy means consumers won’t be held
responsible for fraudulent charges made with their card or account
information.
“The improved TCF Debit Card addresses several important needs that our
customers have told us they want, including the security of chip-enabled
technology, the convenience of contactless pay and the ability to get a
new or replacement card in one of our branches,” said Michael S. Jones,
TCF’s executive vice president, consumer banking. “Being in rhythm with
our customers’ everyday lives means making it as easy as possible to
make a purchase, replace a card and have the peace of mind that their
information is secure.”
TCF will begin mailing the new chip-enabled debit cards to its customers
before the end of September. Cards will be distributed on an ongoing
basis over several months until all TCF customers are converted to the
new chip-enabled debit card technology. TCF’s retail branches will be
converted to provide the new chip-enabled debit cards over the next
several months for both new customers and those requiring a replacement
card.
Consumers interested in learning more about the new chip-enabled TCF
Debit Card, security tips or TCF’s zero liability policy can visit https://tcfbank.com/Personal/Debit-Card
or stop by any of TCF Bank’s 342 locations in Arizona, Colorado,
Illinois, Michigan, Minnesota, South Dakota and Wisconsin. A listing of
branch locations can be found at tcfbank.com/locations.
About TCF
TCF is a Wayzata, Minnesota-based national bank holding company. As of
June 30, 2016, TCF had $21.1 billion in total assets and 342 branches in
Arizona, Colorado, Illinois, Michigan, Minnesota, South Dakota and
Wisconsin, providing retail and commercial banking services. TCF,
through its subsidiaries, also conducts commercial leasing, equipment
finance, and auto finance business in all 50 states and commercial
inventory finance business in all 50 states and Canada. For more
information about TCF, visit tcfbank.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160919006379/en/
Contacts:
TCF Financial Corporation
Media:
Mark Goldman, 952-475-7050
news@tcfbank.com
or
Investors:
Jason
Korstange, 952-745-2755
investor@tcfbank.com
Source: TCF Financial Corporation
© 2024 Canjex Publishing Ltd. All rights reserved.