SIOUX FALLS, S.D., July 29, 2020 /PRNewswire/
-- MetaBank® today announced it has joined the U.S.
Faster Payments Council ("FPC"). MetaBank, N.A. ("Meta") is
committed to leading the enablement of payments technology, and
this announcement marks its latest expansion within the faster
payments space. Meta is a federally chartered bank, a
subsidiary of Meta Financial Group,
Inc.® (Nasdaq: CASH) and a leader in
providing innovative financial solutions to consumers and
businesses throughout the country. The Faster Payments Council is
an inclusive membership organization devoted to advancing
faster payments in the United
States.
A leading provider of payments services, MetaBank launched its
faster payments platform in 2019. The platform has since grown to
include Visa Direct and Mastercard Send alongside ACH origination,
wire transfers and more. As a member of the FPC, Meta will have the
opportunity to work with other industry leaders to influence the
path to faster payments ubiquity.
"We are excited to join the Faster Payments Council, and to work
alongside its members to drive the future of faster payments," said
Sheree Thornsberry, Meta EVP and
Head of Payments. "We know faster payments are truly a win-win for
businesses and consumers. For our partners, faster payment methods
have created real opportunity, ultimately enabling businesses to
grow, be more efficient and issue payments more quickly, while
responding to consumer demand. In fact, we recently conducted
research showing that 47% of consumers would be more willing to do
business with a company that offers faster payment
options.i"
Through this membership, Meta's partners will gain access to the
latest faster payments news and information, implementation support
and education, and benefit from Meta's participation on work groups
and committees as well as from its role in shaping the future of
faster payments.
"A key goal of the Faster Payments Council is to make ubiquitous
faster payments a reality for all," said Reed Luhtanen, FPC Executive Director. "Meta has
a robust legacy in payments and is a known leader in providing
innovative financial solutions to consumers and businesses. We are
thrilled to have Meta join the Council to collaborate with other
industry leaders as we work to grow faster payments awareness and
adoption."
About MetaBank, N.A.
MetaBank®, N.A.,
a federally chartered bank ("Meta"), is a subsidiary of Meta
Financial Group, Inc.® (Nasdaq: CASH), a
South Dakota-based financial
holding company. Meta is a leader in providing innovative financial
solutions to consumers and businesses in under-served niche markets
and believes in financial inclusion for all. Meta's commercial
lending division works with high-value niche industries,
rapid-growth companies and technology adopters to grow their
businesses and build more profitable customer relationships
nationwide. Meta is one of the largest issuers of prepaid cards in
the U.S., having issued more than a billion cards in partnership
with banks, program managers, payments providers and other
businesses, and offers a total payments services solution that
includes ACH origination, wire transfers, and more. For more
information, visit the MetaBank website.
About the U.S. Faster Payments Council ("FPC")
The FPC
is an industry-led membership organization whose mission is to
facilitate a world-class payment system where Americans can
safely and securely pay anyone, anywhere, at any time and with
near-immediate funds availability. By design, the FPC encourages a
diverse range of perspectives and is open to all stakeholders
in the U.S. payment system. Guided by principles of fairness,
inclusiveness, flexibility, and transparency, the FPC uses
collaborative, problem-solving approaches to resolve the issues
that are inhibiting broad faster payments adoption in this country.
For more information, please
visit FasterPaymentsCouncil.org.
Investor Relations:
Brittany Kelley Elsasser
Director of Investor Relations
605-362-2423
bkelley@metabank.com
Media Relations:
mediarelations@metabank.com
i MetaBank, "Faster Payments: What Consumers
Want from Businesses in 2019"
https://www.metabank.com/lp/faster-payments-a-business-growth-opportunity-infographic
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SOURCE Meta Financial Group, Inc.