Proper Bank Reforms that Protect Consumers Needed for the Genuine Growth of our Economic Future


Barry wrote:

MetaBank and Bancorp Bank are two different banks, but they each issue the PayPower Visa card for Blackhawk.

Issuers of a Visa or MasterCard card must be a bank (Visa & MasterCard rules).

Thank you, Barry for sharing this information. 

The prepaid bank card that we had was issued by METABANK.

METABANK has been giving seminars to share their strategies once they got the US Congress to allow the open sale of PREPAID Bank Cards perhaps back in 2009, using Rupli and Associates, the D.C. Lobbyists.

METABANK is a bank.

METABANK is most astute in getting their own interests taken care of in efficient ways. METABANK’s Brad Hansen helped to create the Network Branded Prepaid Card Association as a non-profit advocacy group.

META BANK and the NPBCA paid huge amounts in 2009 to get their agenda for getting the prepaid cards out legally and in place everywhere. They paid more than any other entity to push this bill in the US House and the US Senate.

When we were scammed, the METABANK Prepaid Card was issued by VISA. METABANK toook our $5,000.00 in cash and failed to load the travel card. The METABANK representative did ask when we would be out of the country and they failed to load the card during that entire time period.

We had no cash with us because the cash had been put on the METABANK PREPAID CARD. The trip of a lifetime that we had saved for made us live like homeless people in another country. We only bought the METABANK VISA Travel Card because it was being issued by a company with whom we had done business for many years.

Using what little funds we had, I contacted the person who sold me the METABANK PREPAID CARD via an internet cafe. I was told that the problem had been corrected, but it wasn’t and we had no extra money on hand.

(METABANK Phone Representatives would criticize us because we hadn’t kept calling them from Europe….We had no money. How would we have kept phoning them or emailing someone to phone METABANK. This is what we mean by horrible customer service when the customer is always wrong, and this fact is what alerted us to the fraudulent practices within METABANK itself.)

What it amounted to was that we had given METABANK an interest free loan when they were going through all that legal fight over the fraudulent CDs they had been issuing.

When I got back to the USA, METABANK lied to us about why the card hadn’t been ever loaded. METABANK spent all of their energy on trying to push the blame off onto someone else. Once METABANK/METAPAYMENT SYSTEMS has your cash money, they can lie to you and change all of the rules. There is nothing to stop them.

Later that year, we met someone who encountered the same problems with the METABANK VISA PREPAID CARD.

We wrote to VISA to complain. Visa wrote back immediately to tell us that we would have to deal with META BANK directly because METABANK was in control of the process and they had simply used the VISA Name…… This is another area then that needs better regulations. Had VISA not been the most prominent feature on the card, we do not believe that we would have trusted the product even though it was being sold by a company where we had done business for perhaps 30 + years.

We have severed all ties with that company. Yes, we understand that their own CEOs had been wined and dined by META BANK so that they would allow METABANK/METAPAYMENT SYSTEMS to have access to their customer base and so that they would even promote the META BANK product for them as their partner company.

The partner company has lost all of our business after so many years.

We have shared other people’s experience using products that are produced by METABANK or any other bank that may operate using similar tactics because we do not wish any other person to be taken advantage of the way we were.

METABANK does training seminars for other banks. This may make it appear like what METABANK does is a legitimate thing, simply because other banks are now using the same scam.

We are asking for proper bank reforms that protect consumers.

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