Press Release

The Bancorp Presented with Award from Visa

Company Release - 10/17/2019 9:00 AM ET

WILMINGTON, Del.--(BUSINESS WIRE)-- The Bancorp, Inc. (NASDAQ: TBBK) announces that its Payments group was recently honored with a 2018 Visa Global Service Quality Award for Emerging Payment Adoption: Visa Direct. This award recognizes acquirers that have the greatest percentage of Visa Direct transactions.

The Visa Global Service Quality Awards (GSQA) program was established in 1992 for clients in the U.S. region and was further expanded in 2009 to include international regions.

“Visa’s Global Service Quality Awards honor our highest-performing acquirers, issuers, and issuer processors,” said Gaurav Gollereki, Head of Visa Direct, North America, Visa. “We are pleased to recognize The Bancorp as a GSQA recipient that has exemplified the Visa brand promise, through excellence in innovation, operational efficiency and cardholder satisfaction.”

“The Bancorp is committed to providing cutting-edge payments access that extends to businesses of all sizes and experience,” said Matt Carberry, Managing Director, Head of Payment Acceptance. “By leveraging Visa Direct, Visa’s real-time1 push payments platform, The Bancorp is facilitating over 35 million innovative payments every month.”

About The Bancorp

The Bancorp, Inc. (NASDAQ: TBBK) is dedicated to serving the unique needs of non-bank financial service companies, ranging from entrepreneurial start-ups to those on the Fortune 500. The company’s subsidiary, The Bancorp Bank (Member FDIC, Equal Housing Lender), has been repeatedly recognized in the payments industry as the Top Issuer of Prepaid Cards (US), a top merchant sponsor bank and a top ACH originator. Specialized lending distinctions include SBA National Preferred Lender, a leading provider of securities-backed lines of credit, and one of the few bank-owned commercial vehicle leasing groups in the nation. For more information please visit

1 Actual fund availability depends on receiving financial institution and region. Visa requires fast-funds enabled issuers to make funds available to their recipient cardholders within a maximum of 30 minutes of approving the transaction. Please consult with your Visa representative and refer to the Visa Direct Original Credit Transaction Global Implementation Guide for more information.

Media Relations
Rachel Weiss, VP Communications Manager
(302) 385-5410
[email protected]

Investor Relations
Andres Viroslav, Director of Investor Relations
(215) 861-7990
[email protected]

Source: The Bancorp, Inc.