Meta Payment Systems (MPS), a division of MetaBank, announced a partnership with Travelex, a foreign exchange specialist by which MetaBank will be the issuing bank for select Travelex prepaid card programs that will be offered through Travelex’s financial institution partners, comprising over 20,000 banks and credit unions.
MPS President Brad Hanson said, “We are extremely pleased to work with Travelex because of their expertise in the travel money space and their access to other retail bank channels to offer prepaid cards. Our objective with any of our partners is to capitalize on each other’s strengths to create a solid prepaid card product and we’re excited about the synergies that this partnership will create.”
“It is Meta Payment Systems’ approach to delivering outstanding card solutions along with Travelex’s commitment to delivering valuable products and services, which makes this partnership so compelling,” said Larry D. Taylor, CEO Travelex Americas. “We’re looking forward to launching these new prepaid card services to meet the needs of our partners and their client base.”