SD-based MetaBank entered into a multi-year agreement with Univision Communications, a media company serving Hispanic America, to be another issuer for its Univision MasterCard Prepaid Card.
The Univision MasterCard Prepaid Card offers consumers a culturally relevant, safe and cost-effective alternative to cash and low-balance checking accounts. The card reduces the inconvenience and costs related to cashing checks, prevents overdrafting and associated fees and enables consumers to better track and manage spending by providing them with the ability to monitor when and where they make purchases with their cards. The Univision MasterCard Prepaid Card can also be used anywhere Debit MasterCard is accepted, including online purchases and bill payment.
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.
Univision Communications, is the leading media company serving Hispanic America. The company, a leading content creator in the United States, includes Univision Network, one of the top five networks in the United States regardless of language and the most-watched Spanish-language broadcast television network in the country, reaching approximately 93 percent of U.S. Hispanic television households.
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