MetaBank® Launches Faster Payments Platform, Enabling Partners to Move Funds in Near Real-Time With Mastercard Send

Mastercard Send™ is the first faster payments offering available, as the platform rounds out MetaBank’s total payments services 
Sioux Falls, S.D., Feb. 12, 2019 – MetaBank® today announced the launch of its faster payments platform, which will enable its partners to disburse funds in near real-time. One of the first new offerings on this platform is Mastercard Send™, an industry-leading push payments service that powers a faster, better, smarter way to send money domestically and cross border. As a leading issuer of payments services, this rounds out MetaBank’s suite of solutions that also includes ACH origination, wire transfers and more. MetaBank is a wholly-owned subsidiary of Meta Financial Group, Inc.® (NASDAQ:CASH) (“Meta”) and a leader in delivering innovative payment, financing solutions and banking to partners throughout the country.
“We’re committed to leading the enablement of new payments technology, which is why we are thrilled to announce the launch of our faster payments platform. This innovation will create real opportunity for our partners, ultimately enabling businesses to grow, be more efficient and issue payments more quickly,” said Sheree Thornsberry, Meta EVP and Head of Payments. “This platform enables our partners to deposit funds in near real–time, providing quicker access to funds for consumers and improved cash-flow for businesses.”
With Mastercard Send, partners can disburse funds to U.S. debit or reloadable prepaid cards for immediate payment of insurance claims, healthcare claims, government aid, tax refunds, gig economy workers and more.
Meta’s extensive expertise as a leading issuer of payments services coupled with card-based faster payments can provide new opportunities

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