MetaBank

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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


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

AccountNow Prepaid MasterCard with (Direct Deposit) AccountNow Prepaid MasterCard with (Direct Deposit)

The AccountNow Prepaid MasterCard can replace any bank account. When you set up Direct Deposit of your pay or benefits check with your AccountNow MasterCard, you enjoy great savings. Check out this feature packed card right now. Read More

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.
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NetSpend Fee Advantage Visa Card NetSpend Prepaid Visa Debit Card (Fee Advantage Version)

NetSpend continues to lead the pack in innovation and service throughout the prepaid industry. It will come as no surprise that the Fee Advantage version of the prepaid NetSpend Visa is a top notch financial tool. You can select a prepaid NetSpend Visa card in 3 different plan options: the Premier FEE Advantage, Pay as You go, or “FEE Advantage” plan (for those choosing not to use direct deposit). Millions of consumers around the globe have chosen the NetSpend Visa, maybe you should give it a look.
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ReadyDebit Visa Control plan using direct deposit READYdebit Visa (“Control” Plan with Direct Deposit)

The READYDebit CONTROL Visa prepaid card offers cardholders some magnificent savings when they participate in direct deposit. By automatically loading your pay or benefits checks (a minimum of $1500) every month on the Control card through direct deposit, you can save the monthly fees typically charged on a READYdebit prepaid card. Even if you don’t take advantage of direct deposit, the READYdebit Control Visa plan offers a pay per transaction program for customers not needing a lot of bells and whistles. For a low monthly charge, cardholders can use the Readydebit card occasionally when needed. The funds loaded on your ReadyDebit card are protected by the Visa Zero Liability policy. There are also several convenient methods to load money on your prepaid ReadyDebit Visa.
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NetSpend Fee Advantage MasterCard NetSpend MasterCard Prepaid Card (Fee Advantage Version)

When you are looking for a financially sound, flexible and fast growing prepaid debit card provider, then take a gander at the NetSpend prepaid family of cards. The NetSpend Prepaid Master Card FEE Advantage option gives plastic card customers the benefits of high volume purchase transactions at one low, monthly fee without requiring direct deposit. If you are a low volume transactor, then the “Pay as You Go” plan is more than likely the method you would prefer. “Premier Fee Advantage” also gives consumers a high level of purchase volume with an even lower monthly fee when they sign up for direct deposit.
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Corporate Overview
 Website
Recent News Items
  • Buy A Friend the Prepaid Gift of a Safe Drive Home

    During the holiday season, we typically think of buying prepaid cards as gifts for friends and relatives so they can use their gift card at retailers like the GAP, or Amazon.com. But what if you could give the gift of a safe drive home? You can, thanks to the Home Safe Card (and you can also support Mother’s Against Drunk Driving or MADD).

  • Big Beneficiary of NetSpend IPO: GreenDot

    The on-again, off-again NetSpend IPO is… on-again. And it looks like one of the big beneficiaries of NetSpend’s IPO will be one of NetSpend’s biggest competitors: GreenDot Corp.

  • Looking for an Alternative to iAdvance

    Since the Government forced MetaBank to pause the iAdvance product, we’ve received a number of emails from readers who tell us how much they miss the product. So we ask: Is there a good alternative for prepaid card holders?

  • 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.

  • MetaBank’s iAdvance Product Paused by Government

    iAdvance, The popular short term loan product provided by Meta Financial Group (NASDAQ:CASH) and their Meta Payment Systems (or MetaBank) subsidiary has been halted by the Office of Thrift Supervision (OTS) due to alleged unfair or deceptive acts or practices in violation of Section 5 of the Federal Trade Commission Act and the OTS Advertising Regulation. The halt was announced in an 8-k filed by Meta Financial on October 12, 2010.