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Welcome to the News View for "MetaBank".

Here, on these archive pages, you'll find all of the articles on Payments News for MetaBank listed in date sequence beginning with the most recent article at the top of the page.

Click here for a complete listing of what's available in the Payments News Archive - organized by both posting date and subject category.

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September 26, 2013

Headline News from - September 26, 2013

On the web:

On the wires:

  • WorldPay US Announces Purchase of Century Payments - “The acquisition of Century Payments is a vital milestone in our continued US growth strategy,” said Tony Catalfano, CEO of WorldPay US.
  • Parallax Capital Partners and StepStone Group buy IdenTrust - "IdenTrust’s experience and expertise in providing identity management for many of the world’s largest banks, its role as a major identity provider to the US Federal and State Governments, and its growing emergence as an identity solution for the corporate sector make it the perfect company for us to invest in."

Updates from Glenbrook:

  • Join us for our new series of Glenbrook Payments Boot Camps coming this October - 8th/9th in the San Francisco Bay Area and 23rd/24th in New York City!
  • Glenbrook's Allen Weinberg and Erin McCune will be at Money2020 in Las Vegas October 6-10 - please reach out to them directly to catch up in person or set up a briefing at the conference. Erin will be moderating an Invoicing, Billing & Collections panel with CEO Rene Lacerte, Billtrust CEO Flint Lane and Billhighway Chairman Vince Thomas.
  • Glenbrook's Elizabeth McQuerry will be speaking at this year's NACHA Global Payments Forum on October 17-18 in New York City. She'll be speaking on the topic "Mobile Payments, Interoperability & Faster Funds Transfer".
  • Glenbrook's Carol Coye Benson will be speaking at this year's American Bankers Association Annual Convention on October 20-22 in New Orleans. She'll be participating in a panel discussion on The Future of the Payments Industry.
  • Join our mailing list for updates about Glenbrook events. Follow us on Twitter: @paymentsnews and @paymentsviews

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Find something interesting to share? Tell us about it:!

December 03, 2009

EA SPORTS Launches Prepaid Visa Debit Card with Rewards

Electronic Artshas announced that it has "made it easier for loyal gamers to buy their favorite EA SPORTS™ titles with the launch of the first-ever EA SPORTS branded prepaid debit card. The reloadable prepaid debit card enables users to receive a percent back from every purchase at thousands of brick-and-mortar and online retailers to redeem points (“EA SPORTS Rewards Points”) that can be used to purchase select EA SPORTS game titles." READ MORE »

November 02, 2009

Western Union Launches Prepaid Visa Gift Cards

Western Union has launched a new Visa prepaid gift card and greeting card offering enabling consumers to send the gift of money using Western Union branded prepaid gift cards available at READ MORE »

August 11, 2009

A Look at Meta Payment Systems

Meta Financial Group has reported its financial results for its third fiscal quarter of 2009. Included are the results of its Meta Payment Systems business unit, one of largest prepaid card issuers in the US. MPS quarterly revenue grew by 68%, up from $10.3 million in fiscal 2008 to $17.4 million in 2009. Non-interest income for the quarter more than doubled from $7.6 million in fiscal 2008 to $15.7 million, or 107%, in 2009. MPS said the growth in non-interest income was spread among its prepaid and credit programs.

May 14, 2009

A Look at Growth in Prepaid at Meta Payment Systems

One of the leading network-branded prepaid card issuers in the US is Meta Payment Systems, a subsidiary of Meta Financial Group. MFG reported financial results for the first quarter 2009 earlier today - and included a business segment breakout report for MPS. MPS' results included quarterly net income of $3.5 million and revenue of $36.4 million, up 139% from the same quarter last year. MPG also reported the filing of eight patents during the quarter (three provisional and five non-provisional and international) and 32 patents since the inception of MPS relating to the addition of functionality and ancillary products to prepaid cards.

March 12, 2009

A Look at Lower Fee Network-Branded Prepaid Cards

In today's Deal of the Day column on, Lisa Scherzer writes about "The Pitfalls of Prepaid Cards" - noting that "Prepaid cards may not come with the sky high late-payment fees or APRs of traditional credit cards, but they do carry a slew of other charges." She goes on to recommend four network-branded prepaid cards "whose fees are a little more palatable than others" - including two from MetaBank, the Wal-Mart Money Card issued by GE Money, and the new Current Debit Card by Discover.

June 19, 2008

Meta Payment Systems Partners with Fiserv, TransUnion for iAdvance

Meta Payment Systems has announced it has contracted with Fiserv and TransUnion "to enhance the next generation of its award-winning iAdvance product. The partnerships enable Meta to expand its short-term, small dollar loan alternative that is accessed immediately on a MetaBank-issued prepaid card." READ MORE »

June 09, 2008

Springbok Services, Visa Announce Prepaid Card Agreement

Springbok Services and Visa have announced an agreement that enables Springbok to offer Visa-branded prepaid card programs. According to Springbok, "the addition of the Visa brand allows Springbok to pass along Visa-specific advantages to its clients, which use Springbok prepaid cards for reward, incentive, promotion and rebate programs. Springbok prepaid card programs are designed to positively motivate behavior and enhance loyalty among corporate employees and/or their customers." READ MORE »

April 16, 2008

AAA Announces Enhanced Prepaid Card Program With Visa

AAA has announced it has enhanced its prepaid card products using Visa Inc. and MetaBank as key program partners. The new AAA Visa TravelMoney card and Visa Gift card are now available at participating AAA locations across the country. READ MORE »

February 25, 2008

Meta Payment Systems Introduces iAdvance Credit Alternative

Meta Payments Systems has announced "the iAdvance Line of Credit for the millions of Americans who are unable to access affordable, small dollar credit."


August 07, 2007

The GreenPay MasterCard Credit Card

Fintura Corporation has announced the GreenPay MasterCard credit card - calling it "a new eco-friendly rewards credit card in the United States where the reward proposition goes directly toward the purchase and retirement of carbon credit offsets. The GreenPay MasterCard enables conservation-minded consumers to fight global warming with every card purchase." The card is issued by MetaBank.


July 31, 2007

FSV Payment Systems, Meta Partner with Parago

Parago, a provider of rebate, incentive and promotion solutions, has announced "FSV Payment Systems has been selected as a strategic partner for prepaid services. In the newly formed partnership, FSV Payment Systems will manage prepaid card processing while their partner, Meta Payment Systems will provide issuing bank services."


May 03, 2007

TIO Networks Launches Prepaid Cards at Exxon, Mobil Convenience Stores

ExxonMobil, along with TIO Networks Corporation and NetSpend Corporation, has announced the launch of the TIO Prepaid MasterCard at participating Exxon and Mobil convenience store locations across the United States. The card is issued by MetaBank.


April 23, 2007

Who's News - Payments Professionals Management Changes

We have received news of the following recent management changes:

  • Scott Galit has
    been named Executive Vice President of the Meta Payment Systems unit at Meta Financial Group. According to Meta, "Galit is a pioneer in the prepaid card industry and most recently was Senior Vice President of Global Prepaid Products at MasterCard Worldwide. Prior to joining MasterCard, Scott was SVP and GM of First Data Prepaid Solutions."
Announce yourself! Have you recently taken on a new position in the payments industry? If you'd like to share the news with your colleagues, be sure to tell us about it. Are you looking for a new payments-related job? Or are you needing to find someone great? Checkout the Payments Jobs job board.

February 20, 2007

Debit Cards For Immigrants

Erika Hayasaki writes for the Los Angeles Times about the Sigo card - a prepaid MasterCard debit card designed for immigrants. Sigo cards are Issued by MetaBank and marketed by IDT Stored Value Services. More information about Sigo is available on their website.

December 30, 2006

A Look At SiGo

In an article titled 'Immigrants Wary of Banks Put Faith in New Card", Steven Greenhouse writes for the New York Times about SiGo, a prepaid MasterCard debit card issued by MetaBank and distributed by IDT Stored Value Systems. Greenhouse reports that cards are an "ideal tool for 30 million workers, both foreign-born and native, who lack bank accounts and often face high check-cashing fees and frustrating obstacles in paying bills."

December 13, 2006

Visa USA, MetaBank Launch Visa Prepaid Contactless Cards

Visa USA has announced "the launch of its first contactless prepaid cards, providing consumers a faster and more convenient way to pay and offering merchants increased revenue opportunities, increased throughput and improved customer loyalty. MetaBank will be the first financial institution to issue the cards."


November 15, 2006

PAYjr Prepaid MasterCard For Teens

PAYjr, a free online money management system for teens, has announced it is now offering a prepaid MasterCard card, issued by MetaBank, as a companion to their online PAYjr service that helps parents teach their teenagers how to manage their allowance and develop better spending habits.


September 13, 2006

Catwalk Distribution Offers Industry Debit Card For Models

Catwalk Distribution in partnership with Trycera Financial, has announced the Model Prepaid MasterCard, a "full service financial tool designed to help professional and aspiring models and actors manage their finances smarter, faster and safer than ever before."


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