MetaBank Issuer of PRepaid Debit Cards

MetaBank

meta-bank-logoMetaBank 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 Meta Payment Systems division, MetaBank services more than 500 prepaid card programs.


About MetaBank
Stock Symbol: NASDAQ:CASH
Website: http://www.bankmeta.com
Corporate Headquarters: Storm Lake, Iowa
Address:




MetaBank Corporate Overview
MetaBank WebsiteFDIC Status: MetaBank (FDIC Cert: 30776) is FDIC Insured since September 6, 1955.
MetaBank is owned by Meta Financial Group, Inc. Meta Financial Group, Inc. (MFG) is a $757.3 million thrift holding company for MetaBank and Meta Trust Company. Headquartered in Storm Lake, Iowa, the Company converted from mutual ownership to stock ownership in 1993. Its primary businesses are deposits, loans and other financial services and products to meet the needs of its commercial, agricultural and retail customers; and an industry-leading electronic payment systems division. MFG shares are traded on the NASDAQ Global Market under the symbol “CASH.” MFG operates under a super-community banking philosophy that allows the Company to grow while maintaining its community bank roots, with localized decision making and customer service. Administrative functions, transparent to the customer, are centralized to enhance the banks’ operational efficiencies and to improve customer service capabilities. MetaBank is a federally-chartered savings bank with four market areas: Brookings, Central Iowa, Northwest Iowa and Sioux Empire; and the nationally recognized Meta Payment Systems (MPS) division. MPS supports clients nationwide and manages four primary business lines that contribute to revenue and deposits: prepaid cards, credit cards, Automated Teller Machine (ATM) sponsorship and Automated Clearing House (ACH) origination. Twelve bank offices and two MPS offices (including one bank administrative office) support customers in Iowa, South Dakota and MPS clients across the country. Meta Trust provides professional trust services.




Selected Prepaid Cards Associated With MetaBank




Recent MetaBank News Items
  • Will Proposed Interchange Legislation Actually Help the Prepaid Debit Card Industry?

    The regulation of debit card interchange fees in the U.S. took a step closer to reality this week with the Senate’s passage of Senator Durbin’s “Interchange Fee Amendment” as part of the “Restoring American Financial Stability Act of 2010″. Regulation of interchange is a hotly contested topic, and the amendment is sure to meet with opposition in the House from the financial services industry in general and Visa (NYSE: V) and MasterCard (NYSE: MA). But does the Interchange Fee Amendment actually help the prepaid debit card industry?

  • 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.

  • FaceCard Announces New Look, New Features

    On October 1, 2010, the folks behind the Facecard Prepaid Debit Card announced some great new features for their product.

  • 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?

  • 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).
Filed under: Learning Center, Prepaid Companies
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