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TheStreet Open House

The Bancorp Bank Is The New Issuer For The PayPal Debit MasterCard Card

Stock quotes in this article: TBBK

The Bancorp Bank Payment Solutions Group, a division of The Bancorp Bank (“Bancorp”), a wholly owned subsidiary of The Bancorp, Inc. (Nasdaq: TBBK), today announced that it is the new issuer for the PayPal Debit MasterCard ® card. The PayPal Debit MasterCard card can be used worldwide at ATMs, online, and everywhere Debit MasterCard is accepted. It also offers the possibility to earn 1 percent cash back whenever a cardholder is enrolled into the PayPal Preferred Rewards Program.

“We are thrilled to work with PayPal to bring the PayPal Debit MasterCard card to their 106 million active users,” said Jeremy Kuiper, Managing Director – The Bancorp Payment Solutions Group. “Consumers want to be able to feel secure when shopping online with a debit card, and with PayPal's dedication to security, we're able to deliver a great solution with the PayPal Debit MasterCard card."

The PayPal Debit MasterCard card is issued by The Bancorp Bank pursuant to license from MasterCard International Incorporated. The Bancorp Bank; Member FDIC. MasterCard is a registered trademark of MasterCard International Incorporated.

About The Bancorp Payment Solutions Group

The Bancorp Payment Solutions Group, a division of The Bancorp Bank (“Bancorp”), a wholly owned subsidiary of The Bancorp, Inc. (Nasdaq: TBBK), offers secure, creative and innovative payment solutions to the prepaid card industry. As a leading issuer of prepaid cards, The Bancorp Payment Solutions Group contributes to the success of Fortune 500 companies through the development of cutting-edge prepaid card programs that meet the rapidly changing needs of the prepaid industry. Through long-standing relationships with the MasterCard, Visa, and Discover card associations, leading program managers and processors, The Bancorp Payment Solutions Group designs innovative and flexible prepaid card programs which deliver outstanding results. For more information about The Bancorp Payment Solutions Group please visit  www.thebancorp.com.



Copyright Business Wire 2010

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