![]() ![]() MetaBank also announced an extension of another payroll card partnership in 2016, when it said it would continue its deal with Global Cash Card. Shop online, send money to friends, pay bills. The Card account is FDIC insured and follows all Regulation E requirements for consumer. But did that ever happen Byron Foreman of Martinez was happy to get this 700 debit card from the. Use your Card or Mobile Wallet anywhere Debit Mastercard is accepted. A Money Network Prepaid Visa® Card allows direct deposit of unemployment benefits payments to those who do not have a traditional bank account or who do not want their payment deposited into their existing bank account. As we continue to evolve the service and grow our cardholder base, MetaBank has the scope, scale and creativity needed to support these efforts.” The debit card contract with Money Network called for putting security chips on those cards. “We are constantly innovating to enhance the features we provide to our Money Network clients and cardholders. “ MetaBank is a pioneer in the payments industry, and we’re proud to have collaborated with them for more than a decade now to offer industry-leading solutions to our clients,” said First Data Executive Vice President, Head of Network and Security Solutions Barry McCarthy in another statement. “To date, our products have provided efficient, secure and flexible payment alternatives to checks and cash for government agencies and large businesses, allowing them to realize significant cost savings and increased efficiencies.” The companies said Money Network enables businesses to “reduce their cost of payroll delivery by minimizing paper checks,” while employees benefit from digital solutions like prepaid payroll cards.Ĭiting Mercator Advisory Group data, the companies noted use of prepaid cards for payroll is expected to see a $47.2 billion valuation by 2020. “We look forward to working with Money Network to maintain the successful payments programs we’ve built together and bring new, inventive products to market,” said MetaBank Executive Vice President and Head of Payments Sheree Thornsberry in a statement. The firms also highlighted the efforts of their tie-up to help employers reduce their dependence on paper checks. The tool enables employers to digitize payroll and pay employees electronically. ![]() Make everyday purchases Control your spending Use your Card for everyday purchases like gas or groceries. Download it from the App Store or on Google Play. The companies highlighted Money Network’s Electronic Payment Delivery Service as a particular focus of their collaboration. The Money Network Mobile App lets you keep track of your money on the go, locate nearby surcharge-free ATMs and set up balance, deposit and withdrawal notifications. First Data subsidiary Money Network Financial will continue to work with MetaBank, as the two announced an extension of their existing partnership this week.Ī press release on Monday (March 12) said MetaBank extended its agreement with Money Network by 10 years, a deal that sees Money Network providing various payment solutions to the financial institution.
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