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MetaBank expands faster payments platform

Source: MetaBank

MetaBank,® N.A. (“Meta”) today announced the expansion of its faster payments platform to include processors Finix and TabaPay.

Meta is committed to leading the enablement of payments technology, and this announcement marks its latest expansion within the faster payments space. With this addition of Finix and TabaPay, Meta is giving its partners numerous options to process faster payments through Mastercard Send and Visa Direct. Each of these options can help improve payment experiences, strengthen business relationships and streamline operations.

Meta is a national bank, a subsidiary of Meta Financial Group, Inc.® (Nasdaq: CASH) and a leader in providing innovative financial solutions to consumers and businesses throughout the country. Meta launched its faster payments platform in 2019. One of Meta’s key strategic priorities is to grow its faster payments solution across all disbursement categories.

Finix builds payments infrastructure for vertically-focused software providers and fintech companies. With Finix, businesses can own and monetize their entire payments experience without having to build an in-house system from scratch or rely on third-party payment service providers.

TabaPay is a leading card payments processor for financial technology companies who want a simple and comprehensive solution to disburse, collect payments and fund accounts in real time.

Businesses that offer faster payment options for rebates, refunds, credits, insurance benefits, tax refunds and more have seen numerous benefits — in fact, research shows 66% of payment managers believe this innovation gives their companies a competitive advantage.[i] Further, with the adoption of faster payments, businesses see a savings of up to $6 per replaced check.

“We are thrilled to add Finix and TabaPay as processing options on our faster payments platform, and to work alongside them to continue to pave the way to faster payments ubiquity,” said Sheree Thornsberry, Meta EVP and Head of Payments. “Consumers are demanding seamless, faster payments across the board, and our partners wanted choices for processing these payments. We responded to that demand with more options than ever before, so that they can help businesses and consumers receive funds efficiently and effectively, all via the processor of their choice.”

“We’re excited to partner with Meta, a leading provider of payments services, to help build out their faster payments platform,” said Richie Serna, Finix CEO and Co-Founder. “Faster payments enable merchants to respond with speed and flexibility to new market demands. With Meta, we will bring speed and innovation to even more businesses and consumers.”

“Meta has a robust legacy in payments, with deep industry relationships and the ability to build highly scalable, customizable programs,” said Rodney Robinson, TabaPay CEO and Co-Founder. “We are pleased to join their faster payments platform, and to partner with them to continue making these industry-leading solutions widely available.” 

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