WILMINGTON, Del.--(BUSINESS WIRE)--The Bancorp, Inc. (NASDAQ: TBBK) is pleased to announce that Visa, Inc. has awarded The Bancorp Bank (“The Bancorp”) the Visa “Global Service Quality Performance Award” for the year 2013. The award was presented by Visa, Inc. representatives at a ceremony on July 30, 2014 at The Bancorp’s Wilmington, Delaware headquarters.
The Visa Service Quality Performance Awards were established in 1992 to acknowledge exceptional card operations performance by Visa© member banks and transaction processors around the world. This award recognizes the lowest fraudulent transaction chargeback-to-sales ratio by any Visa member bank in the nation in 2013.
“We are especially proud to receive the Global Service Quality Performance Award from Visa because it evidences the unrelenting focus on cardholder and merchant satisfaction and operational diligence that is pursued by The Bancorp team and its service partners,” said The Bancorp’s President and Chief Operating Officer, Frank Mastrangelo. “As a 'top 20' sponsor of merchant credit card transactions among all financial institutions in the nation, we feel a special obligation to work just as vigorously in the coming years to meet Visa’s high standards of safe performance.”
About The Bancorp
With operations in the U.S. and Europe, The Bancorp (NASDAQ: TBBK) is a family of financial service companies dedicated to setting a new standard in financial services and payments innovation. The Bancorp remains one of the few financial service companies in the world that specializes in providing private-label banking and technology solutions for non-bank companies ranging from entrepreneurial start-ups to those on the Fortune 500. The Bancorp Bank, one of The Bancorp’s financial institutions, has been recognized as a National Preferred SBA Lender, a top custodian of Health Savings Accounts, a top ACH Originator, one of the nation’s largest credit card transaction acquirers and is the leading issuer of prepaid cards. For more information please visit www.thebancorp.com.