ACH Direct Announces a New ODFI Partnership with The Bancorp Bank at NACHA's Annual Payments 2005 Conference

CATHEDRAL CITY, Calif.--(BUSINESS WIRE)--April 11, 2005--ACH Direct, one of the largest privately held electronic funds processors in the United States, announced today a new ODFI partnership that will enhance their core offering. ACH Direct unveiled their latest products and services last month at the ETA Show in Las Vegas which was powered by The Bancorp Bank ("Bancorp"), a wholly owned subsidiary of The Bancorp Inc. (Nasdaq:TBBK). As an ODFI processor, The Bancorp Bank will provide a robust set of ACH processing tools to enhance ACH Direct's current platform.

Bancorp's platform allows for the use of various technologies to process transactions, thus allowing better access to the Federal Reserve resulting in the faster movement and clearing of funds. ACH processing allows for the electronic transfer of funds through Bancorp's secure network and as an ODFI, Bancorp is able to originate commercial ACH transactions via the Federal Reserve Bank.

“With Bancorp's scalable ACH infrastructure and comprehensive suite of ACH processing products, we are able to provide our customers with unique capabilities and add substantial value to the services we offer”

"With Bancorp's scalable ACH infrastructure and comprehensive suite of ACH processing products, we are able to provide our customers with unique capabilities and add substantial value to the services we offer," said Jeff Thorness, chief executive officer of ACH Direct.

The strategic alliance between ACH Direct and Bancorp draws on the strengths of both businesses, which are dedicated to developing technologies that move money quickly and safely over electronic networks. Both ACH Direct and Bancorp provide their customers alternatives that allow businesses to transfer funds securely, quickly, and efficiently.

About ACH Direct

ACH Direct is the leader in electronic funds transfer processing and provides services to merchants, Independent Sales Organizations (ISOs), financial institutions, government agencies and companies located throughout the United States and Canada. ACH Direct offers a comprehensive line of payment products and solutions, including check conversion, check verification, direct deposit payroll processing and electronic bill payment and presentment. For more information, visit the company at http://www.achdirect.com.

About The Bancorp Bank

The Bancorp Bank ("Bancorp"), a wholly owned subsidiary of The Bancorp Inc., is an FDIC-insured commercial bank that delivers a full array of financial services and products through private-label affinity partner programs. Bancorp, through Philadelphia Private Bank (www.philadelphiaprivatebank.com), its regional affinity bank, serves the needs of businesses and their principals in the Philadelphia-Wilmington region.