SIOUX FALLS, S.D., April 15, 2015 — MetaBank, through its Meta Payment Systems (MPS) division, recently entered into a multi-year agreement with Univision Communications Inc. , the leading media company serving Hispanic America, to be another issuer for its Univision MasterCard Prepaid Card.
“Our vision of promoting financial inclusion for everyone fits well with the philosophy of Univision,” MPS President Brad Hanson said. “Through Univision’s vast channels and resources we can better affect positive change for a larger number of consumers of all backgrounds.”
“We selected Meta because of its strong reputation in the prepaid business and because it has a solid infrastructure to support our future growth opportunities as we expand and meet the needs of the growing Hispanic community,” said Bob Harada, Univision Vice President/Head of Prepaid Card Services.
The Univision MasterCard Prepaid Card offers consumers a culturally relevant, safe and cost-effective alternative to cash and low-balance checking accounts. The card reduces the inconvenience and costs related to cashing checks, prevents overdrafting and associated fees and enables consumers to better track and manage spending by providing them with the ability to monitor when and where they make purchases with their cards. The Univision MasterCard Prepaid Card can also be used anywhere Debit MasterCard is accepted, including online purchases and bill payment.