WILMINGTON, Del.--(BUSINESS WIRE)--The Bancorp Bank Payment Solutions Group, a division of The Bancorp Bank (“Bancorp”), a wholly owned subsidiary of The Bancorp, Inc. (Nasdaq: TBBK) and InComm, a leading prepaid product and transaction services company, are proud to announce the renewal of their agreement, which will take the relationship into its second decade.
The two parties have enjoyed a long and prosperous relationship as they have charted the course for prepaid. As pioneers of the industry, InComm and Bancorp have developed dynamic solutions to meet the ever-changing needs of their customers. InComm and Bancorp commenced their relationship in 2004 and have issued over 50 million network-branded prepaid gift, general purpose and corporate incentive cards which have been distributed and sold through InComm’s retailer network of more than 250,000 locations.
“The Bancorp has been a great partner for InComm as we continue to introduce innovative new programs to the market. Their commitment to quality and adhering to the ever-changing regulatory landscape enables us to move at a brisk pace to meet the dynamic needs of our retailer and brand partners,” said Robert Skiba, EVP and GM of Financial Services at InComm.
“We greatly appreciate the powerful relationship that we enjoy with InComm. The InComm team continues to set the bar for outstanding programs in each of the markets that they serve. In addition, they have embraced the new regulatory standards that have been put forth and they continue to go above and beyond the expected. It is an exciting time in prepaid and we are fortunate to partner with an organization like InComm,” said Jeremy Kuiper, Managing Director for The Bancorp Payment Solutions Group.
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.
InComm is a leading provider of cutting-edge prepaid products, services and transaction technologies to retailers, brands and consumers. With approximately $15 billion in retail sales transactions processed in 2011, InComm assists more than 250,000 retail locations build prepaid card destinations, connects brands with new markets and gives consumers a simple, secure shopping experience. InComm stays ahead of emerging trends by analyzing market needs and leveraging its global, innovative commerce platform, go-to-market expertise and extensive partner relationships. With 113 global patents, InComm is headquartered in Atlanta and has offices in North and South America, Europe and the Asia-Pacific region. For more information, visit www.incomm.com or follow us on Twitter at www.twitter.com/incomm.