The UnionPay Travel Prepaid Card Launched by The Bancorp
WILMINGTON, Del. -- April 30, 2013
The Bancorp Payment Solutions group, operating within the holdings of The
Bancorp, Inc. (NASDAQ: 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
“We areexcited to become the first issuing bankof theUnionPay travel card
in the United States. We look forward to combining the UnionPay brand and its
service network withThe Bancorp's services to deliver the UnionPay travel
cardfor 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 Pays^TM” 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
The Bancorp, Inc.
Andres Viroslav, 215-861-7990
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