For the third year in a row, The Bancorp Bank, the FDIC-insured financial institution of The Bancorp, has been ranked the Top US Prepaid Card Issuer. This #1 position was reported in The Nilson Report (Issue 1067), one of the most trusted sources for global news and statistics about the payments industry. The Bancorp Bank achieved its top ranking for 2014 with $30,652.9 (mil.) in purchase volume (up 25.2% from 2013), 747.0 (mil.) purchase transactions (up 28.00% from 2013), and 75,239 (000) cards (up 41.0% from 2013).
Managing Director of The Bancorp’s Payment Solutions division, Jeremy Kuiper, commented, “It’s very gratifying to have retained our ranking as the Top Issuer of Prepaid Cards in the US. During a year that presented us with many challenges, it was industry-leading thinking by a remarkable team as well as a sustained company-wide effort which helped keep us at the top in 2014.”
Frank Mastrangelo, Chief Executive Officer of The Bancorp, added, “The recent issue of The Nilson Report provides all at The Bancorp with justification to be proud, as for the third consecutive year, we have been ranked the Top US Prepaid Card Issuer. Our single-minded focus on, and dedication to, our partners helped bring about this success, and we look forward to building on this achievement.”