The Bancorp's TPC Payables Prepaid Visa® Card Named Winner in Seventh Annual Paybefore Awards
The Bancorp's TPC Payables Prepaid Visa®Card Named Winner in Seventh Annual Paybefore Awards
WILMINGTON, Del.--(BUSINESS WIRE)-- The Bancorp Payment Solutions Group, a division of The Bancorp Bank ("Bancorp"), a wholly owned subsidiary of The Bancorp, Inc. (NAS: TBBK) , is proud to announce that TPC Payables Prepaid Visa Card has been recognized as a winner in the 2013 Paybefore Awards.
The TPC Payables Prepaid Visa Card was recognized in the "Best Business-to-Business Prepaid Card" category. The Payments Company (TPC) facilitates electronic payments between businesses, vendors, and employees. Backed by its proprietary software and AP advantage ePay Network, TPC provides a complete accounts payable disbursement solution that includes software integration, vendor enrollment, payment processing, and reconcilement. Clients import a single file of payment instructions and AP advantage executes financial transactions and delivers associated customized electronic payment details. The company specifically targets underserved middle market clients that are unable to implement ePayments without technical resources and available credit. Using a virtual debit card solution, companies prefund their payments while earning cash rebates and moving away from costly and environmentally unfriendly paper checks.
Paybefore Awards, now in its seventh year, is the most prestigious recognition of excellence in the worldwide prepaid and emerging payments industry. The awards are presented annually by Paybefore, whose publications are the leading source of industry information for alternative payments executives.
"We are honored to share this recognition with The Payments Company," said Jeremy Kuiper, Managing Director, The Bancorp Bank. "This program is truly unique and provides consumers with a convenient card solution."
This winning program was 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.
"As the world changes, so do the payment and money management needs of individuals, businesses and government agencies," added Marilyn Bochicchio, Paybefore's CEO. "Paybefore Awards recognizes the organizations that use financial services to make people's lives better, which is why it is so exciting for us to honor those who champion innovation and excellence."
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 honorees.
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 The Payments Company
The Payments Company provides customized payment solutions and consulting services to businesses and governments. TPC ePayables allows clients to outsource the tasks of researching and enrolling vendors, processing payments, and reconciling disbursement accounts. The client retains complete control over supplier relationships, payment authorization, and the timing and release of payments for processing.
The Payments Company's clients earn cash rewards for payments made using their ePayables service. Other benefits include lower processing costs, a reduced risk of fraud, and replacing a paper-intensive process with an environmentally-friendly solution. TPC's ePayables service includes email notification to the vendor when a payment is made, advanced research capabilities, and positive pay services. All TPC services are compliant with Payment Card Industry (PCI) and banking regulations. For more information on how you can pay vendors electronically, contact Sales at firstname.lastname@example.org.
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 atwww.paybefore.com.
The Bancorp, Inc.
Andres Viroslav, 215-861-7990
KEYWORDS: United States North America Delaware
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