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The Bancorp’s TPC Payables Prepaid Visa® Card Named Winner In Seventh Annual Paybefore Awards

The Bancorp Payment Solutions Group, a division of The Bancorp Bank (“Bancorp”), a wholly owned subsidiary of The Bancorp, Inc. (Nasdaq: TBBK), is proud to announce that TPC Payables Prepaid Visa Card has been recognized as a winner in the 2013 Paybefore Awards.

The TPC Payables Prepaid Visa Card was recognized in the “Best Business-to-Business Prepaid Card” category. The Payments Company (TPC) facilitates electronic payments between businesses, vendors, and employees. Backed by its proprietary software and AP advantage ePay Network, TPC provides a complete accounts payable disbursement solution that includes software integration, vendor enrollment, payment processing, and reconcilement. Clients import a single file of payment instructions and AP advantage executes financial transactions and delivers associated customized electronic payment details. The company specifically targets underserved middle market clients that are unable to implement ePayments without technical resources and available credit. Using a virtual debit card solution, companies prefund their payments while earning cash rebates and moving away from costly and environmentally unfriendly paper checks.

Paybefore Awards, now in its seventh year, is the most prestigious recognition of excellence in the worldwide prepaid and emerging payments industry. The awards are presented annually by Paybefore, whose publications are the leading source of industry information for alternative payments executives.

“We are honored to share this recognition with The Payments Company,” said Jeremy Kuiper, Managing Director, The Bancorp Bank. “This program is truly unique and provides consumers with a convenient card solution."

This winning program was selected by a panel of five industry experts who served as judges for this year’s competition, which—once again—included a record number of entries from around the world.

“As the world changes, so do the payment and money management needs of individuals, businesses and government agencies,” added Marilyn Bochicchio, Paybefore’s CEO. “Paybefore Awards recognizes the organizations that use financial services to make people’s lives better, which is why it is so exciting for us to honor those who champion innovation and excellence.”

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