Bancorp Bank and Obopay introduce pre-paid card linked to mobile accounts

Source: Bancorp Bank

The Bancorp Bank ("Bancorp"), a wholly owned subsidiary of The Bancorp, Inc. (Nasdaq: TBBK), and a leading provider of private label banking services to over 300 partners nationwide, has been selected by Obopay, the pioneering service provider for payments via mobile phones, to issue prepaid payment cards linked to Obopay mobile payment accounts.

The new cards are available now and are accepted anywhere MasterCard debit cards are accepted and at more than one million ATM locations worldwide. The cards are linked to Obopay mobile money accounts, which users can access through any mobile phone using Obopay's downloadable mobile application, text messaging, or mobile Web.

"Obopay is committed to delivering the flexible and convenient mobile payment services that fit mobile consumers' lifestyles," said Obopay President, U.S.-based Operations, Gregory Holmes. "Through our partnership with The Bancorp Bank, customers can now easily access funds wherever they are."

With the Obopay Prepaid MasterCard consumers use the best of mobile and online and offline technology to send money, purchase goods and services, or conduct a myriad of other personal finance tasks. The Obopay Prepaid MasterCard is available to all Obopay customers.*

"The Bancorp is focused on our commitment to change the way America pays, and we are excited about this partnership with Obopay. Our goal is to simplify payments for consumers and Obopay's mobile product offerings give cardholders the accessibility they need to manage funds anywhere and at anytime of day," said Jeremy Kuiper, Managing Director, The Bancorp Payment Solutions Group.

Obopay CEO Carol Realini commented that, "Obopay is built for the mobile lifestyle embraced by America's more than 265 million mobile consumers. The Obopay Prepaid MasterCard, from The Bancorp Bank, gives our customers the flexibility to use their mobile accounts and access cash when and where they need to."

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