Meta Financial Group, Inc.® (Nasdaq: CASH) is the holding company for the financial services company MetaBank® (“Meta”). Meta is a leader in providing innovative financial solutions to consumers and businesses in under-served niche markets, and believes in financial inclusion for all. Meta's commercial lending division works with high-value niche industries, rapid-growth companies and technology adopters to grow their businesses and build more profitable customer relationships. Meta is one of the largest issuers of prepaid cards in the U.S., having issued more than a billion cards in partnership with banks, program managers, payments providers and other businesses, and offers a total payments services solution that includes ACH origination, wire transfers, and more.
Meta’s national lending initiatives create a national footprint in diversified channels such as business-to-business working capital solutions, commercial insurance premium financing, SBA lending, tax advance lending and other consumer finance solutions. Our national lending division provides an outlet to deploy prepaid low-cost deposits at higher yields than alternative investments while our low-cost deposit base also provides a competitive advantage to obtain high quality credit at attractive terms.
Meta is one of the founders of the prepaid industry and sponsors nearly half of all retail or non-bank ATMs in the United States. We continue to be an industry leader in the payments industry and consistently rank as one of the top prepaid issuers in the nation. In addition to our growing number of partner relationships, we tackle industry issues by providing significant compliance and regulatory guidance to governing entities.
While we officially entered the tax space in 2014, we’ve already shown ourselves to be major contenders in the industry with key acquisitions to position us for scalable growth. Meta’s tax services division offers interest-free refund advance loans, tax refund-transfer solutions and provides a new distribution channel for our existing prepaid products and other services.