MetaBank
Encyclopedia
MetaBank is a savings bank
headquartered in Storm Lake, Iowa
. Meta Financial Group, Inc. , is the holding company
for MetaBank, Meta Payment Systems, and Meta Trust Company®. The Meta Payment Systems (MPS) division of MetaBank based in Sioux Falls, South Dakota
, is engaged in the prepaid card industry and provides payment solutions delivered nationally in collaboration with other partners. MPS focuses on offering product solutions in the following areas: (i) prepaid cards, (ii) credit card
s and lending solutions, and (iii) ATM sponsorship.
In 2010, MetaBank was ordered by the federal government to stop use of their pre-paid debit cards, as they had been engaging in deceptive trade practices.
In 2010, the bank supplied credit cards used by 14 suspects of the killing of Mahmoud al-Mabhouh
in Dubai.
Savings bank
A savings bank is a financial institution whose primary purpose is accepting savings deposits. It may also perform some other functions.In Europe, savings banks originated in the 19th or sometimes even the 18th century. Their original objective was to provide easily accessible savings products to...
headquartered in Storm Lake, Iowa
Storm Lake, Iowa
Storm Lake is a city in Buena Vista County, Iowa, United States. The population was 10,600 in the 2010 census, an increase from 10,076 in the 2000 census. It is the county seat of Buena Vista County. Storm Lake is home to Buena Vista University, originally Buena Vista College...
. Meta Financial Group, Inc. , is the holding company
Holding company
A holding company is a company or firm that owns other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself; rather, its purpose is to own shares of other companies. Holding companies allow the reduction of risk for the owners and can allow...
for MetaBank, Meta Payment Systems, and Meta Trust Company®. The Meta Payment Systems (MPS) division of MetaBank based in Sioux Falls, South Dakota
Sioux Falls, South Dakota
Sioux Falls is the largest city in the U.S. state of South Dakota. Sioux Falls is the county seat of Minnehaha County, and also extends into Lincoln County to the south...
, is engaged in the prepaid card industry and provides payment solutions delivered nationally in collaboration with other partners. MPS focuses on offering product solutions in the following areas: (i) prepaid cards, (ii) credit card
Credit card
A credit card is a small plastic card issued to users as a system of payment. It allows its holder to buy goods and services based on the holder's promise to pay for these goods and services...
s and lending solutions, and (iii) ATM sponsorship.
In 2010, MetaBank was ordered by the federal government to stop use of their pre-paid debit cards, as they had been engaging in deceptive trade practices.
In 2010, the bank supplied credit cards used by 14 suspects of the killing of Mahmoud al-Mabhouh
Mahmoud al-Mabhouh
Mahmoud Abdel Rauf al-Mabhouh was a senior Hamas military commander and one of the founders of the Izz ad-Din al-Qassam Brigades, the military affiliate of Hamas...
in Dubai.