Ventra Prepaid Savings Mate Has Long Past Of Legit Danger

Ventra Prepaid Savings Mate Has Long Past Of Legit Danger

Metabank is part of the Ventra program public-private partnership

Posted December 7, 2013 up-to-date on December 8, 2013 at 1:18 pm

Clear of the daily disorder afflicting the Ventra rollout can be found a perhaps further unpleasant truth: The bank spouse chosen in the Ventra course seemingly have an extended reputation for authorized disorder connected with earlier involvement in prepaid debit programs and other tasks.

The public-private relationship arranged to operate Ventra includes (at any rate) four agencies other than the CTA: very first information, Cubic Transportation methods, Mastercard and Metabank.

Metabank, part of possessing providers Meta savings collection, Inc., was actually picked by Cubic as somebody in prepaid debit credit part of the regimen, as reported by the CTA. Headquartered hurricane Lake, Ia., Metabank once was called 1st Midwest financing and has now long been tangled up in promoting and working electric charge software such as prepaid debit cards services, simply through its Metapay part.

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However, Metabank has actually skilled a few legitimate and honest difficulty since 2004. ادامه مطلب …