MetaBank

meta-bank-logo

MetaBank Background Information

MetaBank is one of the largest prepaid debit card issuers in the United States (more than 50% of the debit cards reviewed on GetDebit.com are issued by MetaBank). Through their premier Meta Payment Systems division, MetaBank services more than 500 prepaid card programs. MetaBank also serves as a traditional financial and lending institution providing a diverse product offering across several product lines including personal finance, commercial finance, mortgage services and agricultural services. MetaBank has 12 brick and mortar offices located in 4 distinct market areas. Offices include: Central and NW Iowa; Sioux Empire, South Dakota; and Brookings, South Dakota. Meta’s subsidiary Meta Payment Systems (MPS) manages four business segments including: ATM Sponsorship, ACH Origination, Prepaid Debit Cards and other various Credit Products. The unique “Super Community” philosophy on banking has enabled MetaBank to realize continued growth, while in the same breath, keep its community banking roots. Inherent benefits to this mentality are streamlined efforts and rapid decision making at the local level and a more enhanced service package to the customer.

MetaBank Electronic Payment Models

MetaBank’s “Money On The Move” platform is one of the many innovations created to enhance the customer experience. There are four payment systems platforms:

Gift Card Platform

  • Discover gift card purchase at bank
  • Electronic funds sent to Meta from bank
  • Gift card given to friend or family
  • Recipient spends at merchant
  • Discover pays merchant and electronically moves money from Meta

Rebate Card Platform

  • Product bought at merchant/rebate form filled out
  • Rebate processor electronically sends funds to MetaBank to hold
  • Meta sends Rebate MasterCard to customer in mail
  • Customer spends funds on card
  • MasterCard takes money from Meta to pay merchant

Travel Card Platform

  • Visa travel card purchased at bank
  • MetaBank holds funds until needed
  • Customer uses card for travel expenses
  • Merchants paid by Visa as funds taken from Meta

Reloadable Card Platform

  • Consumer buys card at retail merchant store
  • Consumer direct deposits employer paycheck on MetaBank card
  • Consumer buys groceries, clothing, gasoline and other goods and services on card
  • Visa pays merchants/service providers and transfers money to cover from MetaBank


About MetaBank
Stock Symbol: NASDAQ:CASH
Website: http://www.bankmeta.com
Corporate Headquarters: Storm Lake, Iowa
Address: 121 East 5th Street, Storm Lake, IA, 50588-2339




MetaBank Debit Cards


UPside Visa Prepaid Card - Edge Plan UPside Visa prepaid card (Edge Plan)

The UPside Prepaid Visa debit card is loaded with great features, a very competitive fee structure and a one-of-a-kind personal check writing feature. With a ZERO Activation Fee, companion card availability, a low monthly fee and a great rewards program, the UPside Visa card demands a closer look.
Read More

BuyRight.Com

BuyRight.com has come up with a pretty compelling package — a card that let’s you earn tons of reward points (and use them to buy stuff like cell phone minutes, calling cards, etc.). Read More

NetSpend Premier Fee Advantage MasterCard NetSpend MasterCard Prepaid Card (Premier Fee Advantage Version – with Direct Deposit)

NetSpend is considered one of the country’s largest and fastest-growing Prepaid Debit Card processors and marketers. It’s no surprise that the NetSpend Prepaid MasterCard is a top-of-the-line network-branded card recognized by thousands of merchants worldwide. NetSpend currently offers the MasterCard in three versions: a Pay as You Go plan, a Fee Advantage plan, and their Premier Fee Advantage plan (reviewed here), which requires direct deposit.
Read More

AccountNow Visa prepaid debit card AccountNow Visa Card (No Direct Deposit)

The AccountNow prepaid debit Visa Card comes in two options – a version which requires you to set up direct deposit, and a version which does not. This review is about the card without direct deposit. The AccountNow Visa without direct deposit can be a good choice for people who want “pay as you go” convenience, but who don’t want (or can’t) to use direct deposit. Read More

READYdebit Prepaid Visa (“Select” Plan)

The ReadyDebit folks have designed a prepaid card program that gives their customers the value of choice. READYDebit Visa cards are offered in three categories – The SELECT plan (this review), the CONTROL plan and the PLATINUM plan. READYDebit is committed to providing their customers superior financial products. Traditional big banking bilks billions every year from their account holders with annoying overdraft and other checking fees. The READYdebit “Select” prepaid Visa debit card can assist you in the elimination of those fees.
Read More

UPside Visa Prepaid Card (Life Plan)

The UpSide Visa card is pretty close to the perfect prepaid debit card. We love it because the fees are low (some of the lowest available), as well as the great features. They now have rolled out their newest feature — the ability to write and mail personal checks using the card! Read More


Corporate Overview
 Website
Recent News Items
  • NetSpend vs. Green Dot — Do Distribution Channels Matter?

    Today, NetSpend Corporation announced that NetSpend cardholders loaded a record $1.04 billion onto their NetSpend prepaid cards during the month of February 2010. How do those numbers stack up against those recently made public by Green Dot? Do the different distribution channels of the two companies make a difference?

  • Club America Soccer Fans: Show Your Support with Prepaid Debit Card

    Club America and Denarii Systems recently introduced the Prepaid MasterCard for its five million fans in the U.S. Market that are united by a passion for soccer. The new launch enables soccer fans to make purchases, pay bills and remit money easily and securely while staying connected to their favorite team.

  • NetSpend IPO Buzz (Good and Bad)

    The second major IPO of a prepaid card company is going to hit the street this week, with NetSpend Holdings Inc. about to launch as NTSP on the NASDAQ. The days leading up to the float have been bumpy for NetSpend, as one of its critical partners (Meta Financial, owner of MetaBank, the bank partner of NetSpend) came under scrutiny by a banking regulator. Here’s a quick look at the buzz surrounding the NetSpend IPO.

  • Green Dot’s Bank Holding Company Move

    One of the (many) interesting pieces of information from the filing announcing Green Dot’s IPO plans was the announcement of Green Dot’s move to become a bank holding company. We’ve dug up a few more facts about the move.

  • 5 Most Popular Prepaid Debit Card Stories of 2010

    With 2010 coming to a close, we thought it would be fun to take a look back at the most popular prepaid debit card news items posted on GetDebit.com. The year was packed with important and interesting news items in the prepaid world. The following stories are listed based on the number of times they were read. There may have been more important stories last year, but these five were the tops in terms of the pure amount of times they were read.