Meta Financial Group, Inc.® ("Meta") (Nasdaq: CASH) is a South Dakota-based financial holding company. At Meta, our mission is financial inclusion for all®. Through our subsidiary, MetaBank®, N.A., we strive to remove barriers to financial access and promote economic mobility by working with third parties to provide responsible, secure, high quality financial products that contribute to the social and economic benefit of communities at the core of the real economy. Meta works to increase financial availability, choice, and opportunity for all.
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.