WILMINGTON, Del.--(BUSINESS WIRE)--
The Bancorp Payment Solutions group, operating within the holdings of
The Bancorp, Inc. (NASDAQ: TBBK), is proud to announce that on Tuesday,
April 30, 2013 it will be issuing The UnionPay Travel Prepaid Card for
United States residents traveling to Asia.
More than 3.5 billion UnionPay cards have been issued internationally
and the UnionPay Travel Prepaid Card is the first UnionPay card to be
issued within the United States. The card can be purchased at Agent
banks and loaded at the bank or online via account to card transfer
after micro deposit verification. Though the card is targeted to those
planning to travel to Asia, the card will be accepted within the US
wherever UnionPay cards are accepted. UnionPay acceptance is growing
dramatically and is currently accepted in every major US city.
“We are excited to become the first issuing bank of the UnionPay travel
card in the United States. We look forward to combining the UnionPay
brand and its service network with The Bancorp's services to deliver the
UnionPay travel card for US residents traveling to China,” said Betsy
Cohen, The Bancorp's Chief Executive Officer.
“We are looking forward to offering this new product to US residents who
travel to Asia and also believe that we can provide customers a
convenient means of payment with first class treatment and distinguished
service,” stated Su Ning, Chairman of UnionPay.
The UnionPay Travel Card is issued by The Bancorp Bank, Member FDIC.
About The Bancorp Payment Solutions:
The Bancorp 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 Payment Solutions is “Changing the Way
the World PaysTM” visit www.thebancorp.com.
About UnionPay International
UnionPay International is a subsidiary focusing on international
business of UnionPay. Unionpay International defines Membership Scheme
to be the basis for development of the worldwide UnionPay Card
acceptance network; promotes the international issuance and usage of the
UnionPay Card as well as other innovative payment solutions and enhance
the international brand position of UnionPay. By cooperation with over
200 associations worldwide, the UnionPay international network has
enabled the UnionPay Card acceptance in over 140 countries and regions
to date. UnionPay cards have been issued in above 30 countries and
regions. UnionPay International provides quality, efficient and secure
cross-border payment services to the world’s largest cardholders group;
and provides convenient and localized service to the increasing overseas
UnionPay cardholders.
The Bancorp, Inc.
Andres Viroslav, 215-861-7990
aviroslav@thebancorp.com
Source: The Bancorp, Inc.