WILMINGTON, Del.--(BUSINESS WIRE)--
For the third year in a row, The Bancorp Bank, the FDIC-insured
financial institution of The Bancorp (NASDAQ: TBBK), has been ranked the
Top US Prepaid Card Issuer. This #1 position was reported in The Nilson
Report (Issue 1067), one of the most trusted sources for global news and
statistics about the payments industry. The Bancorp Bank achieved its
top ranking for 2014 with $30,652.9 (mil.) in purchase volume (up 25.2%
from 2013), 747.0 (mil.) purchase transactions (up 28.00% from 2013),
and 75,239 (000) cards (up 41.0% from 2013).
Managing Director of The Bancorp’s Payment Solutions division, Jeremy
Kuiper, commented, “It’s very gratifying to have retained our ranking as
the Top Issuer of Prepaid Cards in the US. During a year that presented
us with many challenges, it was industry-leading thinking by a
remarkable team as well as a sustained company-wide effort which helped
keep us at the top in 2014.”
Frank Mastrangelo, Chief Executive Officer of The Bancorp, added, “The
recent issue of The Nilson Report provides all at The Bancorp with
justification to be proud, as for the third consecutive year, we have
been ranked the Top US Prepaid Card Issuer. Our single-minded focus on,
and dedication to, our partners helped bring about this success, and we
look forward to building on this achievement.”
About The Bancorp
The Bancorp (NASDAQ: TBBK) is a family of financial service companies
dedicated to setting a new standard in financial services and payments
innovation. With operations in both the U.S. and Europe, its
subsidiaries are licensed participants of the SWIFT international funds
transfer network and maintain memberships with numerous payments
networks, including Visa, MasterCard, Discover, Star, NYCE, PULSE, Plus,
Maestro, Accel, UnionPay, and AFFN. The Bancorp is a Founding Member of
NBPCA, a Direct Financial Institution Member of NACHA, a Benefactor of
the Emerging Payments Association (UK), and an active participant in the
Electronic Transactions Association. thebancorp.com
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The Bancorp, Inc.
Andres Viroslav, 215-861-7990
aviroslav@thebancorp.com
Source: The Bancorp, Inc.