SAN RAMON, CA, June 29, 2010 – In a further expansion of its product offering to the growing underbanked
and unbanked population, AccountNow has announced that its new AccountNow Gold Visa Prepaid Card will be issued by
Wilmington, Delaware-based The Bancorp Bank.
"The new AccountNow Gold Visa Prepaid Card is already proving to be very popular with consumers," says Jim Jones,
AccountNow CEO. "The Bancorp will help AccountNow provide even more people with a dynamic, valuable product as well as
help our company continue our positive growth trajectory."
The AccountNow Gold Visa Prepaid Card comes with many features and benefits that traditionally have not been available
to prepaid cardholders, including:
- Higher daily and monthly limits on all deposits, withdrawals, and purchase transactions (for Direct Deposit Customers)
- VIP customer service
- No monthly service fee for customers who load at least $3,000 on their card in a month
- Free Direct Deposit
- Free Bill Pay
- Free Credit Builder
"The Bancorp is extremely pleased to expand our relationship with AccountNow – which is clearly striking a positive
chord with the large and growing number of people who are looking for an alternative to credit cards and traditional bank
checking accounts," says Jeremy Kuiper, Managing Director of The Bancorp Bank.
Since the AccountNow Gold Card is a prepaid card, there are no account opening screening services or credit check
required*. And, as an added incentive, cardholders receive a $25 account credit** when they set up a recurring direct
deposit and make at least two direct deposits of $100 or more.
AccountNow Gold Visa Prepaid Card cardholders have access to the millions of merchants and services where Visa Debit
cards are accepted.
Consumers interested in learning more information or signing up for the AccountNow Gold Visa Card can visit
goldvisa.accountnow.com
About AccountNow, Inc.
AccountNow (www.accountnow.com or goldvisa.accountnow.com), headquartered in San Ramon, CA, is a leading provider of
financial solutions for the 40 million U.S. consumers who do not have established credit or traditional banking
relationships. AccountNow provides consumers an alternative to "traditional" checking accounts and access to financial
and payments systems, including Visa prepaid cards, online bill pay, and
FDIC-insured deposits.
About The Bancorp Payment Solution Group
The Bancorp Payment Solutions Group, a division of The Bancorp Bank, a wholly owned subsidiary of The Bancorp, Inc.
(Nasdaq: TBBK), offers secure, creative and innovative payment solutions to the prepaid card industry. As a leading issuer
of prepaid cards, The Bancorp Payment Solutions Group develops cutting-edge prepaid card programs that meet the rapidly
changing needs of the prepaid industry. Through long-standing relationships with the card networks, leading program managers
and processors, The Bancorp Payment Solutions Group designs compliant, innovative and flexible prepaid card programs which
deliver outstanding results. For more information about The Bancorp Payment Solutions Group please visit
www.thebancorppsg.com.
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*Account approval is contingent upon successfully passing identification confirmation.
**See www.accountnow.com/help for details of the $25 incentive program.