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Press Release

TCF Introduces Chip Debit Card with Contactless Payment Capability

Company Release - 9/19/2016 2:56 PM ET

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.

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

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