Metabank is part of the Ventra regimen public-private relationship

Released November 7, 2013 Updated on December 8, 2013 at 1:18 pm

Beyond the on a daily basis harm plaguing the Ventra rollout is a probably even more unpleasant reality: The savings companion opted for in the Ventra regimen seemingly have longer history of appropriate disorder concerning earlier involvement in prepaid debit plans alongside tasks.

The public-private relationship set-up to operate Ventra includes (at any rate) four organizations other than the CTA: 1st information, Cubic shipping software, Mastercard and Metabank.

Metabank, an element of possessing corporation Meta Financial people, Inc., would be preferred by Cubic as a person when you look at the prepaid debit cards part of the system, in accordance with the CTA. Situated in assault water, Ia., Metabank once was titled principal Midwest monetary and it has long been tangled up in developing and running digital charge programs like prepaid debit card programs, partially through the Metapay part. Read more