The Bancorp again ranked as Top Issuer of Prepaid Cards in the US
July 27 2015 - 09:33AM
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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version on businesswire.com: http://www.businesswire.com/news/home/20150727005721/en/
The Bancorp, Inc.Andres Viroslav,
215-861-7990aviroslav@thebancorp.com
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