If you browse our reviews of prepaid debit cards, you will notice that many of these cards are issued by one of several primary issuers. The Bancorp Bank is one of them.
The Bancorp Bank is one of the leading prepaid card issuers in the U.S., with over 25 million cards in active use. The Bank has almost $2 Billion of assets.
The Bancorp, Inc. (NASDAQ NM: TBBK) is a financial holding company with a wholly owned subsidiary, The Bancorp Bank. The Bank is an FDIC-insured online commercial bank that delivers a wide range of financial services and products through a network of private-label, affinity partnerships nationwide. These “branchless banking” programs enable members, employees and customers of affinity partners to access online banking services, customized for them, under the affinity partner’s brand.
When it was introduced in 2000, The Bancorp’s ability to create customized Internet banks for affinity partners set a new standard in financial services innovation. Today, The Bancorp Bank remains the only bank in the country dedicated to providing private-label banking and technology solutions for non-bank companies.
The Bancorp Bank is headquartered in Wilmington, Delaware, with offices in Philadelphia, Exton, and Warminster, PA; Crofton, MD; Orlando, FL; and Sioux Falls, SD.
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| Recent News Items |
- Green Dot IPO Set For This Week
Green Dot Corp. is set to launch their IPO this week, with shares expected to trade starting Thursday on the NYSE under the ticker symbol NYSE:GDOT. A number of publications have covered the planned IPO, and we’ve collected links to a few of the more interesting articles for your convenience.
- The Fight Over the Interchange Amendment Continues
Action remains heated in the debate over the Durbin “Swipe Fee” amendment and financial reform bills. Over the past few days, there have been more groups coming out for or against the debit card interchange rules.
- Prepaid Debit Cards Used to ‘Pre-Pay It Forward’
For the more socially conscious shoppers, it feels good to give while they buy. Checkouts counters at countless stores offer consumers the opportunity to donate to various charities as they pay for their purchases. This whole process is now being streamlined by Mike the Pike Ventures’ acquisition of ServeNation, LLC
- Visa Takes Steps to Prevent Aggressive Internet Sales Tactics
Have you ever bought something online, completed the shopping cart submission, and then been offered a new “opportunity” to buy something from another merchant? The tactic is called “data pass” marketing, and is used by some merchants deceptively. Visa, Inc. (NYSE: V) today announced rules effectively preventing this practice.
- Making Prepaid a “Non Zero Sum Game”
A “zero sum game” is a game in which the total of all the gains and losses is zero. On Day 1 of Prepaid Expo USA 2010, President Bill Clinton gave a keynote speech titled “Embracing our Common Humanity”. In his presentation, President Clinton urged the prepaid card industry to make prepaid a non zero sum game, by finding a way to run successful and profitable businesses while serving the goals and needs of the community at large. President Clinton presented some of the problems the world faces, and gave six ways the prepaid industry can both thrive, and help address world problems – non zero sum opportunities.
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