Payment Solution or Bigger Problems for Your Company Using Meta Payment Systems

Overview of Meta Payment Systems (MetaBank)

Meta Payment Systems is more than a bank; we are an innovative payments provider.

[You may never have seen anything like this before, but Meta Bank will infiltrate your company. Meta Bank wants access to your customer base. Meta Bank will them put in place their same old scam.]

Meta enables partners to grow their businesses and build more profitable customer relationships by creating, delivering and sponsoring payment solutions that bring money to LIFE.

[Payment Solutions means that Meta Bank will create situations that scam your customer base. Briefly, you will make more money, but your customer base will begin to fall away after years of being faithful customers. Meta Bank will abuse your customer base so badly that they will never trust you again.]

Whether it is prepaid, debit, credit, ATM sponsorship or agent bank products, Meta’s flexible, scalable payment solutions are backed by industry leadership and unmatched expertise.

[Meta Bank gets your customer list. They require cash upfront, but then they abuse your long standing customers. In the long run, you will lose all of your old customers, but this will happen within a few years or less far sooner than the natural attrition rate. Meta Bank needs access to your customer list. Meta Bank needs you and will use you as part of their scheme.]

Meta offers payment options to help you increase your speed-to-market, reach untapped segments and build customer loyalty.

[When Meta Bank speaks of Customer Loyalty, they are not speaking of anything positive. Meta Bank will create an indebtedness situation for your customers whom they will continue to scam for as long as they can  get away with it. Your current customers will resent how poorly they will be treated. No body likes to be scammed and lied to, but Meta Payment Systems will also be lying to you, making you believe that they have something to offer you. In reality, Meta Payments Systems just needs access to your customers and they will do this will misleading promises and by courting the CEOs of your company just to get you to sell their product for them. Meta Payments Systems will manage the product they offer from top to bottom; they just need your customer base and list of names.]

And top to bottom, we dedicate more resources over the life of your program to make it as easy as possible for you to manage your business successfully.

[ Meta Bank will take away all of your own control over the product they will get you to promote for them. They will give you a cut while making a financial killing for themselves. Your customers will complain to you and you will be lied to by Meta Bank as they court the CEOs of your company. Meta Bank needs access to your existing list of customers, but they will fully control the product they offer so you will not at first perceive their to be a problem with what Meta Bank is doing.]

Key Facts for Meta Payment Systems (MetaBank)

Major Clients:Confidential

Year Founded:1954

Full Time Employees:Above 100

Revenue:Over $100 million

Core Service Areas:

Merchant Cash Advance, Automated Clearing House (ACH) Software [Meta Payments Systems/Meta Bank is not a bank. It is a collections agency.]

Key People at Meta Payment Systems (MetaBank)

Company Representative

Brad Hanson

Meta Bank Executive

NOTE: Time has shown over and over again that corporate partners of Meta Bank are used to provide a customer base from which Meta Bank can grow richer and richer. Meta Bank has provided  horrible customer service for years. They were taken to court over an internal CD fraud. Where were the bank supervisors and the bank examiners when this kind of fraud happened? We believe that the problem actually began in the highest levels of Meta Bank/Meta Payment Solutions. Partner Companies are used by Meta Bank to get access to your faithful customers with whom you have worked a long time to establish a rapport and build your reputation. Meta Bank needs your good reputation in your community to be able to sell their inferior service. Partner Companies are urged to avoid using Meta Payment Systems/ Meta Bank/Meta Payment Solutions, Inc.

BANKMETA:NetSpend MasterCard Prepaid Card (Fee Advantage Version)- AccountNow Visa Card (Direct Deposit) – UPside Visa Prepaid Card (Life Plan) – Facecard Prepaid MasterCard : All to be avoided

  • MetaBank 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.  

(META FINANCIAL GROUP grew as a sub-prime lender,

meaning that META BANK grew off of others misery

to which they only added more misery.)

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.

(Except that they have used this system to scam

the American public and the international community.)

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.

(The MPS has proven itself to be  unreliable from

a consumer’s perspective in the past; their thought process

is the source of their own downfall.)

MPS supports clients nationwide and manages

four primary business lines that contribute to revenue and deposits:

  • prepaid cards, ( Prepaid cards make money for banks and not customers)
  • credit cards,
  • Automated Teller Machine (ATM) sponsorship
  • and Automated Clearing House (ACH) origination.

(And you, as a potential customer,

really don’t want to bank using any of what META FINANCIAL GROUP has to offer. Please be warned!!!!)

Twelve bank offices and two MPS offices (including one bank administrative office) support customers in Iowa, South Dakota

and MPS clients across the country.(Yes, you could already be doing business with META BANK!!!)

Meta Trust provides professional trust services.

(Oh no, yet another way to be scammed by META BANK)

Selected Prepaid Cards Associated With MetaBank
  • NetSpend MasterCard Prepaid Card (Fee Advantage Version)
  • AccountNow Visa Card (Direct Deposit)
  • UPside Visa Prepaid Card (Life Plan)
  • Facecard Prepaid MasterCard
  • READYdebit Visa (“Control” Plan with Direct Deposit)

 (Please be forewarned about META BANK

and how they treat their customer base. You don’t want to partner

with them and you don’t want to be their customer either.)

Recent MetaBank News Items
  • FaceCard Announces New Look, New Features

( new terminology, not really new service)On October 1, 2010, the folks behind the Facecard Prepaid Debit Card announced some great new features for their product.

  • Big Beneficiary of NetSpend IPO: GreenDot 

( GREENDOT is META BANK!!!)The on-again, off-again NetSpend IPO is… on-again. And it looks like one of the big beneficiaries of NetSpend’s IPO will be one of NetSpend’s biggest competitors: GreenDot Corp.

  • Buy A Friend the Prepaid Gift of a Safe Drive Home 

(What do they have to do to get the card to work when                                              they need it the most??? This is where META BANK                                                      has failed miserably in the past.)

  • 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).

  • 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.

  • NetSpend IPO Buzz (Good and Bad)
    The second major IPO of a prepaid card company

is going to hit the street this week, with NetSpend Holdings Inc.

about to launch as NTSP on the NASDAQ.

The days leading up to the float have been bumpy

for NetSpend, as one of its critical partners

(Meta Financial, owner of MetaBank, the bank partner of

NetSpend) came under scrutiny by a banking regulator.

Here’s a quick look at the buzz surrounding the NetSpend IPO.

(Why would any corporate entity ever want to do

business with META BANK? META BANK is

unable to self -regulate since they don’t have

a normal moral compass that is greatly needed

in the world today and in this economy.)