WILMINGTON, Del.--(BUSINESS WIRE)--
The Bancorp Payment Solutions Group, a division of The Bancorp Bank
(“Bancorp”), a wholly owned subsidiary of The Bancorp, Inc. (Nasdaq:
TBBK), is proud to announce that TPC Payables Prepaid Visa Card has been
recognized as a winner in the 2013 Paybefore Awards.
The TPC Payables Prepaid Visa Card was recognized in the “Best
Business-to-Business Prepaid Card” category. The Payments Company (TPC)
facilitates electronic payments between businesses, vendors, and
employees. Backed by its proprietary software and AP advantage ePay
Network, TPC provides a complete accounts payable disbursement solution
that includes software integration, vendor enrollment, payment
processing, and reconcilement. Clients import a single file of payment
instructions and AP advantage executes financial transactions and
delivers associated customized electronic payment details. The company
specifically targets underserved middle market clients that are unable
to implement ePayments without technical resources and available credit.
Using a virtual debit card solution, companies prefund their payments
while earning cash rebates and moving away from costly and
environmentally unfriendly paper checks.
Paybefore Awards, now in its seventh year, is the most prestigious
recognition of excellence in the worldwide prepaid and emerging payments
industry. The awards are presented annually by Paybefore, whose
publications are the leading source of industry information for
alternative payments executives.
“We are honored to share this recognition with The Payments Company,”
said Jeremy Kuiper, Managing Director, The Bancorp Bank. “This program
is truly unique and provides consumers with a convenient card solution."
This winning program was selected by a panel of five industry experts
who served as judges for this year’s competition, which—once
again—included a record number of entries from around the world.
“As the world changes, so do the payment and money management needs of
individuals, businesses and government agencies,” added Marilyn
Bochicchio, Paybefore’s CEO. “Paybefore Awards recognizes the
organizations that use financial services to make people’s lives better,
which is why it is so exciting for us to honor those who champion
innovation and excellence.”
These winning programs will now vie for Best-in-Category distinction,
which will be announced during the Paybefore Awards ceremony on March 4
at the Prepaid Expo (www.prepaidexpousa.com).
And for the first time in Paybefore Awards history, visitors to
Paybefore.com will have a chance to vote on Best in Category. The
outcome of this vote (counted as one-sixth of the total) will be
combined with the five judges’ picks to determine Best-in-Category
honorees.
About The Bancorp Bank Payment Solutions Group:
The Payment Solutions Group is a division of The Bancorp Bank
(“Bancorp”), a wholly owned subsidiary of The Bancorp, Inc., and is a
leading issuer of network branded prepaid cards. Through long-standing
relationships with card associations, industry leading networks and
processors The Bancorp consistently delivers cutting-edge, innovative
programs that are re-shaping the payments landscape. For more
information about how The Bancorp Bank Payment Solutions Group is
“Changing the Way America Pays®" visit www.thebancorp.com.
About The Payments Company
The Payments Company provides customized payment solutions and
consulting services to businesses and governments. TPC ePayables allows
clients to outsource the tasks of researching and enrolling vendors,
processing payments, and reconciling disbursement accounts. The client
retains complete control over supplier relationships, payment
authorization, and the timing and release of payments for processing.
The Payments Company’s clients earn cash rewards for payments made using
their ePayables service. Other benefits include lower processing costs,
a reduced risk of fraud, and replacing a paper-intensive process with an
environmentally-friendly solution. TPC’s ePayables service includes
email notification to the vendor when a payment is made, advanced
research capabilities, and positive pay services. All TPC services are
compliant with Payment Card Industry (PCI) and banking regulations. For
more information on how you can pay vendors electronically, contact
Sales at sales@thepaymentscompany.com.
About Paybefore: Paybefore is the leading information provider
to prepaid and emerging payments industry professionals, offering the
latest news, commentary and analysis. Paybefore’s family of industry
publications includes: Paybefore.com; Paybefore News; Paybefore Mobile™;
Paybefore News International™; Paybefore Update™; Paybefore Legal™;
Paybefore Magazine™, a biannual print publication featuring in-depth
articles on the opportunities, challenges and trends in the global
prepaid and emerging payment industry; and the only industry directory,
Paybefore Buyer’s Guide Connections™, available online and in print.
Visit us at www.paybefore.com.
The Bancorp, Inc.
Andres Viroslav, 215-861-7990
aviroslav@thebancorp.com
Source: The Bancorp, Inc.