SIOUX FALLS, S.D., Dec. 1, 2015 /PRNewswire/ -- MetaBank, through its Meta Payment Systems® division, has signed a five-year agreement to extend its relationship with StoneEagle Services, Inc. dba VPay®, a leading provider of advanced virtual payment technology solutions to multiple industries, including Finance and Insurance (F&I). MetaBank and StoneEagle have worked together since 2009, issuing virtual cards to facilitate insurance claim payments to thousands of automotive and healthcare providers, among others.
"StoneEagle has been a pioneer in B2B virtual payments technology, supporting multiple industries," said Brad Hanson, President of MetaBank. "We have enjoyed our partnership and look forward to collaborating with them, providing innovative payment solutions to sustain and accelerate growth for their business, now and in the future."
"Our partnership with MetaBank has served us well," said Robert Allen, CEO of StoneEagle. "We are a single source, patented technology provider of integrated virtual claims payment solutions. MetaBank's entrepreneurial spirit and vision, and dedication to our products, has allowed StoneEagle to succeed in the seamless delivery of these payments to various providers on behalf of our clients."
VPay® is a turn-key B2B payment processing solution provided by StoneEagle Services, Inc., one of a portfolio of StoneEagle technology companies in business for over 30 years with extensive experience in the design and development of enterprise-wide insurance industry applications, data management and standardized business process outsourced solutions. VPay is a complete payment solution that offers a virtual card designed specifically for claim payments with core VPay functionality in-house, including: payer integration, remittance advice imaging and production, full service check and treasury tools, ACH origination and management, virtual card processing and call center support. For more information visit www.vpayusa.com and www.stoneeagle.com.
MetaBank, through its Meta Payment Systems® (MPS) division, delivers innovative financial products that change the way people use, borrow and manage money. Based in Sioux Falls, S.D., MPS is a recognized leader in the prepaid card industry and provides innovative payment solutions delivered nationally in collaboration with market-leading partners. MPS focuses on offering specific product solutions in the following areas: prepaid cards, credit products, electronic funds transfer and ATM sponsorship. Meta Financial Group, Inc.® (NASDAQ Global Market®: CASH), is the holding company for federally chartered savings bank MetaBank, Member FDIC. For more information, visit metapay.com.