MetaBank Joins NACHA as Direct Financial Institution Member

MetaBank, a federally-chartered savings bank and a top originator and receiver in the US, has joined the NACHA, the electronic payments association, as a direct financial institution member. Meta Payment Systems (MPS), a division of MetaBank, is a recognised leader in the prepaid card industry, providing innovative payment solutions nationally in collaboration with market-leading partners.

“As a leader in the payment service industry, we are excited to partner with NACHA to further support our business partners,” said Bob Nelson, vice president of MPS financial operations. “We look forward to taking an active role in shaping the future landscape of the financial services industry through membership.”

NACHA now has 44 direct members, consisting of 26 financial institutions and 18 regional payment associations.

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