The Bancorp's KEEPS Prepaid MasterCard ® 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 The KEEPS Prepaid MasterCard has been recognized as a winner in the 2013 Paybefore Awards.
The KEEPS Prepaid MasterCard program was recognized in the "Expanding the Boundaries of Prepaid" category. The program offers attorneys a way to improve their bottom lines, while doing the right thing for clients by issuing payments in a much more responsible way. As an alternative to check cashers and cash, The KEEPS Prepaid MasterCard is offered for settlement disbursements of up to $50,000 and is a safer, lower cost, and more dignified alternative for the unbanked. Using a KEEPS Prepaid MasterCard allows those receiving settlements to fully participate in the online economy, pay bills, and receive the benefits and protections of the MasterCard Zero Liability policy, and real-time balance and transaction alerts.
Paybefore Awards, now in its seventh year, is the most prestigious recognition of excellence in the worldwide 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 KEEPS America," said Jeremy Kuiper, Managing Director, The Bancorp Bank. "This program offers an innovative solution for consumers allowing them to better manage their settlement finances."
The winning programs were 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.
"Paybefore Awards were created to honor the companies and individuals that are at the forefront of innovation as well as successful market implementation across the globe," said Loraine DeBonis, Paybefore editor-in-chief and chair of the judging panel.
"It's a dynamic time in electronic payments as companies like The Bancorp Bank and KEEPS America LLC continue to innovate to solve payments problems," she continued. "We are proud to recognize their contributions to advancing the prepaid and emerging payments industry."
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 Keeps America
Distributing exclusively through law firms, advocates, and third-party administrators, KEEPS America offers underserved consumers the safety, security, and convenience of direct deposit to prepaid debit cards to receive law suit settlements, social security disability benefits and workers compensation benefits. Based out of New York City, KEEPS America simplifies the back office processes of law firms while providing lawyers with an outstanding marketing channel. And for their clients, KEEPS America's provides their cardholders - a predominantly underbanked population - with alternative financial services. For more information call 212-My-KEEPS.
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 at www.paybefore.com .
The Bancorp, Inc.
Andres Viroslav, 215-861-7990
KEYWORDS: United States North America Delaware
The article The Bancorp's KEEPS Prepaid MasterCard® Named Winner in Seventh Annual Paybefore Awards originally appeared on Fool.com.Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.