fbpx
PaymentsJournal
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • COVID-19
  • News
  • Events
No Result
View All Result
PaymentsJournal
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • COVID-19
  • News
  • Events
No Result
View All Result
PaymentsJournal
No Result
View All Result

MetaBank’s Disbursement Platform Shows their Commitment to Continued Innovative Money Movement

Sue Brown by Sue Brown
March 4, 2019
in Analysts Coverage, Faster Payments, Prepaid
0
MetaBank’s Disbursement Platform Shows their Commitment to Continued Innovative Money Movement

MetaBank’s Disbursement Platform Shows their Commitment to Continued Innovative Money Movement

2
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

Innovation is one of many words that can be used to describe MetaBank, also known as one of the largest prepaid debit card issuer in the United States.  With their new faster payments platform (the first offering is Mastercard Send), they compete with many of the largest players in the financial institution industry and have created a competitive edge over most prepaid card issuers.

Speaking with Jennifer Worley, SVP, Product Management as to why Meta made this move, she stated “Meta is a full-service provider and a leading issuer, and we’ve been enabling the secure transfer of funds via ACH and wire for many years. Adding new faster payments methods to our portfolio complements our existing product suite, enables the adoption of new technology and responds to business and consumer demand for faster payment options.”

Most do not know what a power house Meta is and has been for years in money movement. This latest addition will give businesses the capability to bring faster payments to consumers. Down the road, Meta plans to bring services like person-to-person payments (P2P) to all of their offerings both debit and prepaid debit, think Venmo and Zelle.  It also provides their partners with similar access members of The Clearing House have to speed payments and gives partners the functionality to compete with Ingo Money’s push payments should they choose.

“Meta offers faster payments to partners and clients via a variety of solutions, in particular payment methods that offer speed and flexibility to make a real difference for businesses and consumers. This includes traditional and same-day ACH, wires and now Mastercard Send – and we’ll continue to enable new solutions in the future. As an organization that transfers nearly $1 billion per day in ACH and wire transactions, we bring unmatched depth of experience in implementation and technical integration to our partners and often serve as a one-stop shop for them,” said Jennifer Worley.

Meta will also use this innovation to support their consumer and commercial loan business with creative use cases to foster innovation in the same way they have with prepaid. Last but not least, this also could bring MetaBank and its prepaid processors and program managers the capabilities to fuel the instant payment of wages for gig economy companies such as Lyft and Uber.

Overview by Sue Brown, Director, Prepaid Advisory Service at Mercator Advisory Group

Tags: ACHMetaBankP2PPrepaid
2
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

    Analyst Coverage, Payments Data, and News Delivered Daily
    Sign up for the PaymentsJournal Newsletter to get exclusive insight and data from Mercator Advisory Group analysts and industry professionals.

    Must Reads

    eBay’s Upgraded Approach to Payment Processing Meets the Demands of Modern Consumers

    eBay’s Upgraded Approach to Payment Processing Meets the Demands of Modern Consumers

    January 22, 2021
    It’s Time for Retailers to Offer the Best Gift of All In-Store: Digital Gift Cards

    It’s Time for Retailers to Offer the Best Gift of All In-Store: Digital Gift Cards

    January 21, 2021
    Building C-Store Customer Loyalty Programs With Relevant Rewards

    Building C-Store Customer Loyalty Programs With Relevant Rewards

    January 20, 2021
    How PayPal Achieves High Authorization Rates

    How PayPal Achieves High Authorization Rates

    January 19, 2021
    Explaining the Bill Payment Ecosystem

    Explaining the Bill Payment Ecosystem

    January 15, 2021
    QSRs Can Address Loyalty Program Shortcomings by Serving Up Better Offers

    QSRs Can Address Loyalty Program Shortcomings by Serving Up Better Offers

    January 14, 2021
    How Merchants Can Prevent Account Takeovers—and Why Failing to Do So Amplifies Operational Expenses

    How Merchants Can Prevent Account Takeovers—and Why Failing to Do So Amplifies Operational Expenses

    January 13, 2021
    How Banks Can Leverage Tech Partnerships to Enable Innovation for Commercial Clients

    How Banks Can Leverage Tech Partnerships to Enable Innovation for Commercial Clients

    January 11, 2021

    Connect With Us

    • Advertise With Us
    • About Us
    • Terms of Use
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    • Industry Opinions
    • COVID-19
    • News
    • Events

    © 2021 PaymentsJournal.com

    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Industry Opinions
    • Faster Payments
    • News
    • Jobs
    • Events
    No Result
    View All Result

    WEBINAR:
    How Digital Acceleration Will Affect The Payment Industry

    Please join us for this panel discussion on addressing the challenges to pave the way to payments innovation and profitability and gain insights on the key trends and challenges impacting the payments landscape in North America.

    REGISTER