WILMINGTON, Del.--(BUSINESS WIRE)--
The Bancorp Bank Payment Solutions Group, a division of The Bancorp Bank
("Bancorp"), a wholly owned subsidiary of The Bancorp, Inc. (Nasdaq:
TBBK), today announced a collaboration with AccountNow, a leading
marketer of Visa(R) and MasterCard(R) branded prepaid
cards for the estimated 40 million strong underbanked consumer market.
AccountNow addresses the needs of the growing population of consumers
that are seeking to use credit responsibly. The AccountNow Gold Visa
Prepaid Card can help cardholders build credit history by paying bills
online to demonstrate their credit worthiness and through the credit
builder program which reports bill payment history to PRBC, a credit
bureau.
"We are excited to announce our relationship with AccountNow, a leader
in the General Purpose Reloadable prepaid space, at a time when consumer
demand and adoption for this product continues to increase. The
AccountNow program is a wonderful alternative to a traditional bank
account and we believe that the strength and commitment of The Bancorp
will greatly enhance the AccountNow offering," stated Jeremy Kuiper,
Managing Director - The Bancorp Payment Solutions Group.
"By aligning with The Bancorp, we have chosen a partner that can take
the AccountNow program to a new level," said James Jones, Chief
Executive Officer of AccountNow.
For further information regarding The Bancorp Bank's payment solutions
please contact Lindsey Frank at 952-449-6014.
AccountNow Gold Visa Prepaid Card is issued by The Bancorp Bank pursuant
to a license from Visa U.S.A. Inc and may be used wherever Visa debit
cards are accepted. The Bancorp Bank; Member FDIC.
Obtaining Your Card: The USA PATRIOT Act is a federal law that requires
all financial institutions to obtain, verify, and record information
that identifies each person who opens a Card Account. What this means
for you: When you open a Card Account, we will ask for your name,
address, date of birth, and other information that will allow us to
reasonably identify you. We may also ask to see your driver's license or
other identifying documents at any time.
About AccountNow, Inc.
AccountNow, headquartered in San Ramon, California, is a leading
provider of financial solutions for the 40 million US consumers who do
not have established credit or traditional banking relationships.
AccountNow's money saving offers give consumers an alternative to
"traditional" checking accounts and access to the financial and payment
systems, including Visa prepaid cards, Pay Anyone Bill Payment with PRBC
bill payment reporting, and FDIC-insured deposits. Visit AccountNow
online at www.accountnow.com.
About The Bancorp Payment Solutions Group
The Bancorp Payment Solutions Group, a division of The Bancorp Bank, a
wholly owned subsidiary of The Bancorp, Inc. (Nasdaq: TBBK), offers
secure, creative and innovative payment solutions to the prepaid card
industry. As a leading issuer of prepaid cards, The Bancorp Payment
Solutions Group develops cutting-edge prepaid card programs that meet
the rapidly changing needs of the prepaid industry. Through
long-standing relationships with the card networks, leading program
managers and processors, The Bancorp Payment Solutions Group designs
compliant, innovative and flexible prepaid card programs which deliver
outstanding results. For more information about The Bancorp Payment
Solutions Group please visit www.thebancorppsg.com.
Source: The Bancorp Bank
Contact: The Bancorp Bank, Investor Relations
Andres Viroslav, 1-215-861-7990
andres.viroslav@thebancorp.com
or
AccountNow, Inc.
David Petrini, 1-925-498-1848
dpetrini@accountnowinc.com