News Details

TheBancorp.com (www.thebancorp.com), the financial services Internet company providing online banking services to affinity groups, today announced a key partnership alliance with Mail Boxes Etc. (MBE), the world's largest retail business, communications and postal services franchisor. Through TheBancorp.com agreement with MBE, TheBancorp.com will further expand its customer service by offering a deposit strategy through retail locations. This fall, customers of TheBancorp.com and any of its affinity banks will be able to walk into most of MBE's 3,400 U.S. locations and overnight their deposits free of charge.

"The partnership with Mail Boxes Etc. allows TheBancorp.com an additional avenue for customers to make deposits with the extra benefit of convenient online tracking. With MBE's substantial network of locations, our customers can make deposits into their accounts from almost anywhere," said Frank Mastrangelo, President and COO of TheBancorp.com. "TheBancorp.com believes customer service is critical to establishing long-lasting relationships with customers. We look for any opportunity that adds value and convenience for our customers and the MBE agreement is a great example."

Soon any customer of TheBancorp.com and its affinity banks can walk into an MBE location and request a deposit be mailed either by UPS 2nd day air or overnight to TheBancorp.com. MBE will process the order and issue a UPS tracking number so that the shipment can be tracked online at any of TheBancorp.com banking web sites or through the MBE web site. This service is provided at no cost to the customer.

"Online financial services fit into our strategy to become a true click-and-mortar solution for Internet businesses, " James H. Amos, Jr. Mail Boxes Etc. President and CEO." Our unrivaled brick-and-mortar presence with over 4,200 locations worldwide, make us a logical choice to provide a touch point for e-business transactions, such as online banking. This alliance is just one more example of how MBE is bringing high-trust and high-touch to the work of high-tech," added Amos.

About Mail Boxes Etc.

This year marks the twentieth anniversary of Mail Boxes Etc. (MBE), the world's largest retail business, communication and postal service franchisor. MBE is a wholly owned subsidiary of US Office Products Company (NASDAQ: OFIS), with more than 4,200 MBE locations operating worldwide, and master license agreements in 67 countries around the world. In the United States, MBE centers are owned and operated by licensed franchisees of Mail Boxes Etc., USA, Inc. Outside of the United States, MBE centers are owned and operated by MBE master licensees or their franchisees. MBE maintains a web site at http://www.mbe.com/.

About TheBancorp.com

TheBancorp.com is a technology company providing Internet-enabled financial services to clients in education, business, and government. Its primary focus is to forge relationships with large affinity groups, customizing websites that provide private-label banking, insurance, and brokerage services to the affinity group's constituents. TheBancorp.com, a subsidiary of Trapezon.com is a privately held, all-Internet company with offices in Wilmington, Delaware and Philadelphia, Pennsylvania.

Contact:
Janet Lande
Mail Boxes Etc. Home Office
(858) 642-7966
jlande@mbe.com