The UnionPay Travel Prepaid Card Launched by The Bancorp

WILMINGTON, Del.--(BUSINESS WIRE)-- The Bancorp Payment Solutions group, operating within the holdings of The Bancorp, Inc. (NAS: TBBK) , is proud to announce that on Tuesday, April 30, 2013 it will be issuing The UnionPay Travel Prepaid Card for United States residents traveling to Asia.

More than 3.5 billion UnionPay cards have been issued internationally and the UnionPay Travel Prepaid Card is the first UnionPay card to be issued within the United States. The card can be purchased at Agent banks and loaded at the bank or online via account to card transfer after micro deposit verification. Though the card is targeted to those planning to travel to Asia, the card will be accepted within the US wherever UnionPay cards are accepted. UnionPay acceptance is growing dramatically and is currently accepted in every major US city.


"We are excited to become the first issuing bank of the UnionPay travel card in the United States. We look forward to combining the UnionPay brand and its service network with The Bancorp's services to deliver the UnionPay travel card for US residents traveling to China," said Betsy Cohen, The Bancorp's Chief Executive Officer.

"We are looking forward to offering this new product to US residents who travel to Asia and also believe that we can provide customers a convenient means of payment with first class treatment and distinguished service," stated Su Ning, Chairman of UnionPay.

The UnionPay Travel Card is issued by The Bancorp Bank, Member FDIC.

About The Bancorp Payment Solutions:

The Bancorp 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 Payment Solutions is "Changing the Way the World PaysTM" visit www.thebancorp.com.

About UnionPay International

UnionPay International is a subsidiary focusing on international business of UnionPay. Unionpay International defines Membership Scheme to be the basis for development of the worldwide UnionPay Card acceptance network; promotes the international issuance and usage of the UnionPay Card as well as other innovative payment solutions and enhance the international brand position of UnionPay. By cooperation with over 200 associations worldwide, the UnionPay international network has enabled the UnionPay Card acceptance in over 140 countries and regions to date. UnionPay cards have been issued in above 30 countries and regions. UnionPay International provides quality, efficient and secure cross-border payment services to the world's largest cardholders group; and provides convenient and localized service to the increasing overseas UnionPay cardholders.



The Bancorp, Inc.
Andres Viroslav, 215-861-7990
aviroslav@thebancorp.com

KEYWORDS:   United States  Asia Pacific  North America  Delaware

INDUSTRY KEYWORDS:

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