WILMINGTON, Del. -- (Business Wire)
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 The KEEPS Prepaid MasterCard has been
recognized as a winner in the 2013 Paybefore Awards.
The KEEPS Prepaid MasterCard program was recognized in the “Expanding
the Boundaries of Prepaid” category. The program offers attorneys a way
to improve their bottom lines, while doing the right thing for clients
by issuing payments in a much more responsible way. As an alternative to
check cashers and cash, The KEEPS Prepaid MasterCard is offered for
settlement disbursements of up to $50,000 and is a safer, lower cost,
and more dignified alternative for the unbanked. Using a KEEPS Prepaid
MasterCard allows those receiving settlements to fully participate in
the online economy, pay bills, and receive the benefits and protections
of the MasterCard Zero Liability policy, and real-time balance and
Paybefore Awards, now in its seventh year, is the most prestigious
recognition of excellence in the worldwide emerging payments industry.
The awards are presented annually by Paybefore, whose publications are
the leading source of industry information for alternative payments
“We are honored to share this recognition with KEEPS America,” said
Jeremy Kuiper, Managing Director, The Bancorp Bank. “This program offers
an innovative solution for consumers allowing them to better manage
their settlement finances."
The winning programs were 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.
“Paybefore Awards were created to honor the companies and individuals
that are at the forefront of innovation as well as successful market
implementation across the globe,” said Loraine DeBonis, Paybefore
editor-in-chief and chair of the judging panel.
“It’s a dynamic time in electronic payments as companies like The
Bancorp Bank and KEEPS America LLC continue to innovate to solve
payments problems,” she continued. “We are proud to recognize their
contributions to advancing the prepaid and emerging payments industry.”
These winning programs will now vie for Best-in-Category distinction,
which will be announced during the Paybefore Awards ceremony on March 4
at the Prepaid Expo (www.prepaidexpousa.com).
And for the first time in Paybefore Awards history, visitors to
Paybefore.com will have a chance to vote on Best in Category. The
outcome of this vote (counted as one-sixth of the total) will be
combined with the five judges’ picks to determine Best-in-Category
About The Bancorp Bank Payment Solutions Group:
The Payment Solutions Group is a division of The Bancorp Bank
(“Bancorp”), a wholly owned subsidiary of The Bancorp, Inc., and is a
leading issuer of network branded prepaid cards. Through long-standing
relationships with card associations, industry leading networks and
processors The Bancorp consistently delivers cutting-edge, innovative
programs that are re-shaping the payments landscape. For more
information about how The Bancorp Bank Payment Solutions Group is
“Changing the Way America Pays®" visit www.thebancorp.com.
About Keeps America
Distributing exclusively through law firms, advocates, and third-party
administrators, KEEPS America offers underserved consumers the safety,
security, and convenience of direct deposit to prepaid debit cards to
receive law suit settlements, social security disability benefits and
workers compensation benefits. Based out of New York City, KEEPS America
simplifies the back office processes of law firms while providing
lawyers with an outstanding marketing channel. And for their clients,
KEEPS America’s provides their cardholders - a predominantly underbanked
population – with alternative financial services. For more information
About Paybefore: Paybefore is the leading information provider
to prepaid and emerging payments industry professionals, offering the
latest news, commentary and analysis. Paybefore’s family of industry
publications includes: Paybefore.com; Paybefore News; Paybefore Mobile™;
Paybefore News International™; Paybefore Update™; Paybefore Legal™;
Paybefore Magazine™, a biannual print publication featuring in-depth
articles on the opportunities, challenges and trends in the global
prepaid and emerging payment industry; and the only industry directory,
Paybefore Buyer’s Guide Connections™, available online and in print.
Visit us at www.paybefore.com.
The Bancorp, Inc.
Andres Viroslav, 215-861-7990
Source: The Bancorp, Inc.
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