The Bancorp Bank, a wholly owned subsidiary of The Bancorp, Inc. (NASDAQ: TBBK), has announced a collaboration with Cachet Banq, Inc., a national financial services company located in Southern California. The Bancorp Bank serves as an ACH sponsor bank for payroll-related transactions for Cachet Banq, Inc.’s clients.
“We are very excited about Cachet's alliance with The Bancorp Bank,” said Micheline Chabana, Senior Vice President of Sales and Marketing for Cachet Banq, Inc. “This collaboration provides our company and our clients additional assurance for payroll funding transactions. Our banking relationship expands Cachet’s Drawdown FedWire ® capabilities and demonstrates our commitment to providing the best value and services to our clients now, and well into the future.”
“We are proud to be working with a reputable industry leader such as Cachet,” said Frank Mastrangelo, President, The Bancorp Bank. “Our shared commitment to innovation and specialized customer service is proving to be a wonderful synergy in the payroll space.”
About Cachet BanqCachet Banq, Inc. ( www.cachetbanq.com) is a national financial services company and offers a variety of services to corporate clients and the payroll service industry, including ACH Processing, Payroll Tax Processing, Drawdown FedWire ®, and Settlement Account Services. Among other ancillary products and services, Cachet offers Corporate Financing options exclusively to payroll providers. As an experienced leader in the payroll service industry, the Cachet family of companies provides payroll-related services to approximately 65,000 employers nationwide and processes more than $68 billion annually. About The Bancorp, Inc. The Bancorp, Inc. ( www.thebancorp.com) is a financial holding company that operates The Bancorp Bank, an FDIC-insured commercial bank. The Bancorp Bank delivers a full array of financial services and products, both directly and through private-label affinity partner programs nationwide. Its payments offering includes card issuing, card acquiring, ACH sponsorship, wire transfer services and customized deposit account structures. The Bancorp Bank maintains membership with numerous payments networks, including Visa ®, MasterCard ®, Star ®, NYCE ®, PULSE ® and Discover ®.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV