MetaBank Makes Investment in Advantage Payment Services

Advantage Payment Services (APS), a key player in financial data management for top Fintech payments organizations, has received “a strategic investment from MetaBank®, N.A.

This issuer is investing in the development of the next-generation of APS solutions that “will up-level the industry standard for regulatory compliant dispute case management.”

As noted in the update, APS claims to be “the leader in enterprise dispute management for the largest payment processing issuing banks and Fintechs.” Their consultative approach assists clients in navigating “a complex technical and regulatory landscape, while its agile development method supports greater speed to market.”

The APS Dispute Advantage platform is “a scalable, configurable, regulatory compliant workflow solution.” The next generation of automation leverages AI and machine learning “to further increase productivity and empower real-time risk management decisioning.”

Dave Campbell, President at APS, stated:

“MetaBank is a leader in payments and fintech because it has continually embraced the changing competitive and regulatory landscape. We’ve spent two decades developing and perfecting the technology that gives banks the critical visibility and control over any program they authorize. We’re excited to further our relationship with this industry leader to deliver the best possible solutions for the industry at large.”

MetaBank, a subsidiary of Meta Financial Group, Inc.®, has “a mission of financial inclusion for all® and strives to increase financial availability, choice and opportunity.”

Meta has years of experience “serving niche markets and operates in four primary business lines including Payments, Tax Services, Commercial Finance and Consumer Lending.”

MetaBank President, Anthony Sharett, remarked:

“APS integrates key identity verification, compliance and reporting capabilities seamlessly into our existing business processes. Creating this collaborative environment allows us to further their ability to very quickly develop and deploy technology that addresses the evolving compliance and reporting demands in payments and fintech.”

APS is privately held by “members of the Campbell family of Fargo, North Dakota.”

The Campbells have “a history of building and growing financial services support companies.” Their first venture, Advantage Credit Bureau, “was formed in 1992 and remains a thriving business today.”

Beyond dispute services, APS also offers solutions “for the detection, prevention and management of fraud; secure, Cloud-based document management; identification and address verification services; and analytic reporting tools.”

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