MetaBank®, NetSpend extend relationship with new five-year contract
SIOUX FALLS, S.D., June 30, 2015 /PRNewswire/ -- MetaBank's payment solutions division, Meta Payment Systems®, recently signed a five-year agreement to extend its relationship with NetSpend, a TSYS company (NYSE: TSS) and prepaid provider of choice to self-banked consumers and the brands that serve them. MetaBank and NetSpend have been working together to issue prepaid cards for nearly 10 years.
MetaBank President Brad Hanson said that NetSpend's mission fits well with MetaBank's vision. "Financial inclusion and empowerment for everyone is central to everything we do in our business," he said. "NetSpend's core values have made our partnership a perfect fit that we hope to continue for years to come."
"MetaBank is an ideal partner," said NetSpend President Chuck Harris. "MetaBank matches and passionately supports NetSpend's commitment to innovation and providing best-in-class financial services to so many of our valued consumers," he said. "We are excited about what the next five years will bring, and look forward to further developing our relationship with MetaBank."
About NetSpend, a TSYS Company
NetSpend is the prepaid provider of choice to self-banked consumers and the brands that serve them. With a mission to empower consumers with the convenience, security and freedom to be self-banked, NetSpend's products have helped more than 10 million consumers spend, budget and pay bills since 1999. Consumers can reload and find NetSpend Prepaid Cards at convenient locations nationwide through NetSpend's extensive network of 130,000 reload points and more than 85,000 distributing locations and employers, including check cashers, convenience stores, grocers, pharmacies, insurance providers and tax preparers. Headquartered in Austin, Texas, NetSpend is a wholly owned subsidiary of TSYS (NYSE: TSS). For more information, please visit www.netspend.com, or follow NetSpend on Twitter at twitter.com/NetSpend or on Facebook at facebook.com/NetSpend.
About MetaBank®
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.
SOURCE Meta Financial Group, Inc.
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