MetaBank today announced it has joined the U.S. Faster Payments Council (“FPC”). MetaBank, N.A. (“Meta”) is committed to leading the enablement of payments technology, and this announcement marks its latest expansion within the faster payments space.
Meta is a federally chartered 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. The Faster Payments Council is an inclusive membership organization devoted to advancing faster payments in the United States.
A leading provider of payments services, MetaBank launched its faster payments platform in 2019. The platform has since grown to include Visa Direct and Mastercard Send alongside ACH origination, wire transfers and more. As a member of the FPC, Meta will have the opportunity to work with other industry leaders to influence the path to faster payments ubiquity.
“We are excited to join the Faster Payments Council, and to work alongside its members to drive the future of faster payments,” said Sheree Thornsberry, Meta EVP and Head of Payments. “We know faster payments are truly a win-win for businesses and consumers. For our partners, faster payment methods have created real opportunity, ultimately enabling businesses to grow, be more efficient and issue payments more quickly, while responding to consumer demand. In fact, we recently conducted research showing that 47% of consumers would be more willing to do business with a company that offers faster payment options.[i]”
Through this membership, Meta’s partners will gain access to the latest faster payments news and information, implementation support and education, and benefit from Meta’s participation on work groups and committees as well as from its role in shaping the future of faster payments.
“A key goal of the Faster Payments Council is to make ubiquitous faster payments a reality for all,” said Reed Luhtanen, FPC Executive Director. “Meta has a robust legacy in payments and is a known leader in providing innovative financial solutions to consumers and businesses. We are thrilled to have Meta join the Council to collaborate with other industry leaders as we work to grow faster payments awareness and adoption.”