The Bancorp Bank To Issue Prepaid Cards For Swift Prepaid Solutions

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 the formation of a new relationship with Swift Prepaid Solutions, a leading provider of incentive card solutions. Under the newly formed relationship, Bancorp will serve as the principal issuing bank for Swift’s prepaid card programs.

“Bancorp is an ideal issuing bank for Swift. By aligning with Bancorp, we have chosen a partner that will greatly enhance Swift’s prepaid programs," said Braven Imai, President and CEO of Swift.

“Swift Prepaid is a driving force in the loyalty, promotion and incentive card space and is at the forefront of prepaid innovation,” said Jeremy Kuiper, Managing Director of Bancorp’s Payment Solutions division. “We are pleased to announce our relationship with Swift and believe that the strength and commitment of The Bancorp will be a great complement to the Swift product offerings.”

About Swift

Swift was founded in 1996 by two women who wanted to buy a gift card for an out-of-state friend. They found nothing that worked. So they started Swift with the goal of creating a universal prepaid card. Today, Swift is at the leading edge of the prepaid industry. Swift is a leading non-bank provider of Visa, MasterCard, Discover and American Express incentive and payment cards, and works with major Fortune 1000 companies, and many other innovative organizations.

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

More from Press Releases

NFL Pushes for Regulation Following Supreme Court's Sports Gambling Ruling

NFL Pushes for Regulation Following Supreme Court's Sports Gambling Ruling

21st Century Fox Scoops Up Local News Stations

21st Century Fox Scoops Up Local News Stations

Walmart CEO: 'We Are Transforming Globally' With Flipkart

Walmart CEO: 'We Are Transforming Globally' With Flipkart

Three-Part FREE Webinar Series

Three-Part FREE Webinar Series

March 24 Full-Day Course Offering: Professional Approach to Trading SPX

March 24 Full-Day Course Offering: Professional Approach to Trading SPX